Financing rates

[Eyetattoo]

Just wondering for those that have financed a new TH who did you go through and what were the terms? Thanks.

[gtsum]

USAA at 5%. Very good to work with

[nevadanick]

3.9% for 20 years and have the cash to pay it off if need be. I like the cushion.

[Eyetattoo]

sin cal hd wrote:

Ductape wrote:
Cash should be invested. Never spend cash on a depreciating asset when you can borrow cheaply.

2 words-Dave Ramsey.

I understand the Ramsey concept but it is more referring to high interest rate loans/credit cards. If I can borrow at less than 5% Ill keep my cash invested in tax free bonds paying 4-5%.


Back on topic......it sounds like 3-4.5% is the median depending on credit which is no problem at all.

[Bedlam]

sin cal hd wrote:

Ductape wrote:
Cash should be invested. Never spend cash on a depreciating asset when you can borrow cheaply.

2 words-Dave Ramsey.

Agreed, but not everyone is patient enough to save for what they want. Not having any debt is very comforting for me even if I don't have more than my counterparts. The OP is looking for the best lender and rate, we should take this to another thread if others are interested.

[AGC]

I was going to go with a local credit union but the rate went from 2.99% to 4.99% over the past three months. We're finalizing the deal on a MH and I just don't want to pay the higher rate.

I started doing some research and found Lightstream (a division of Suntrust Bank) and their rate is about 2.99%-4.99% depending on your credit score.

Wondering if anyone here get a loan from them

[09KZMXT266]

Just financed mine at State Farm Federal Credit Union 1.99% for 7 years.

[sin_cal_hd]

Ductape wrote:
Cash should be invested. Never spend cash on a depreciating asset when you can borrow cheaply.

2 words-Dave Ramsey.

[jlud]

It really depends.....say you buy a 50k rv and have 25k cash....if you put it all down does it make your rate lower? What could you earn on 20k of that money vs paying say 4%? Are you disciplined enough to not spend that 20k if you didn't put it down? So many variables.....I would say 3-5% the norm depending on score and terms. I would not borrow above 5% myself right now. Car loans at less than 2% and house less than 2%....

[face_down]

BofA - 4.49% - 180 months.

[YnotTurbo]

We used Essex. Easy to work with and great rate.

[Halmfamily]

CU 3.99 for 120 months. They sent me a blank check and all I had to do was fill in the amount. Sent me paperwork by Fed Ex the flowing day.

[Ductape]

Cash should be invested. Never spend cash on a depreciating asset when you can borrow cheaply.

[DownTheAvenue]

When I financed my RV, it was 0%! Pay cash and interest rates are not an issue!

[Arcamper]

Just financed 1/3 of the cost of our new Montana at 3.89% through US Bank for 60 months.