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Financing older Motorhome

airbeat
Explorer
Explorer
I am looking to buy an older diesel pusher in Great shape. However it is a 2003 model. This unit holds its value well. Does anyone know of finance companies that will carry a note for these older models? Putting 20-30% down to secure the note.

Thanks in advance for any help.
Harry
97 F-350
2000 Thor Fifth Avenue
9 REPLIES 9

AllegroD
Nomad
Nomad
EXCEL gave me great rates.

barmcd
Explorer
Explorer
airbeat wrote:
Thanks for the info. I have contacted SE Financial and await a call from them on financing. Hope to be back on the road again soon.


Southeast Financial is a broker, they aren't the actual lender. I thought my experience with them was very pleasant. They charge a 1% interest rate premium for coaches older than 2008 and even with that the interest rate they got me was marginally lower than my CU. If I had been looking at a newer rig I definitely would have gone with them. The application process was akin to buying a house with them--1040s for two years and recent pay stubs.

bluwtr49
Explorer II
Explorer II
Google RV loans or financing. You will find several firms that can help you out. Should not be a problem.
Dick

2002 43' DP Beaver Marquis Emerald Cat C-12 505 HP, 1600 Tq
2003 Jeep Grand Cherokee Overland ---toad

Peralko
Explorer
Explorer
Our credit union will finance up to NADAGuides retail price.
Peralko
USAF Retired
2000 Prevost Marathon H3-45
2006 Nissan Maxima

Trackrig
Explorer II
Explorer II
WE went through our credit union.

Bill
Nodwell RN110 out moose hunting. 4-53 Detroit, Clark 5 spd, 40" wide tracks, 10:00x20 tires, 16,000# capacity, 22,000# weight. You know the mud is getting deep when it's coming in the doors.

airbeat
Explorer
Explorer
Thanks for the info. I have contacted SE Financial and await a call from them on financing. Hope to be back on the road again soon.
Harry
97 F-350
2000 Thor Fifth Avenue

jsmart
Explorer
Explorer
We used a local credit union for our 2002 gasser.
2002 Itasca Sunrise 32V

mlslcan
Explorer
Explorer
If you are eligible for USAA membership they will finance older rigs as well.

Mike

barmcd
Explorer
Explorer
My CU financed a 2000 with 20% down. Southeast financial will also finance older coaches with 15% down.