coolmom42 wrote:
Financing at El Monte RV--has anyone done it?
Just wondering what type of experience it is. Was the rate competitive? Does ElMonte hold the note, or is it through a bank or finance company?
My budget is $30K for the motor home, plus another $10K for taxes, upgrades, etc. I will have about half of that at the time of purchase, but would like to spread out the second half over a year. This would give me more flexibility in my IRA withdrawals and possibly help me stay in a lower tax bracket.
It would probably be simpler to finance at El Monte than get money wired from a lender. I have top-tier credit and don't anticipate any problems getting a loan, just trying to keep things simple.
I plan to buy in the fall of 2017. Probably will buy from the Orlando or Las Vegas location. I'm looking at the smaller motor homes like the Winnebago 24V.
We financed with El Monte in Texas... they work with credit unions and banks just like a car dealership would. No issues, you'll just have to scan/fax them some documents but they're good about explaining what they need. The rates were fine and they'll go about as many months as you'd want on the loan.
