Coach financing

mich800 wrote:
It still comes down to the three C's. A great credit score and no or limited means to repay will still be declined in many instances. But if you have a good credit score, down payment, acceptable debt coverage and source of repayment income you should not have any issue obtaining a loan.

Depends on the company....

Back in 2010, we were looking at TT's at a show. Saw one we liked. Was priced at I think $22k. We had $5k to put down. Did the paperwork and wrote a check. Didn't hear anything for a few days. Called the delaership to see what was up. They said that they were trying to get a hold of me (lie as they had 3 phone numbers for us) and that the finance company wanted me to call them. Red flag! They didn't even have their own finance person. So I called the finance company. They had us believing our credit was terrible. Only way they could finance us was for a much higher rate....in the teens! Told them no. Called the dealership and told them the deal was off and to send us our check back, which they did. We decided that a used pop up will have to be in our future and set out to look for one. Was at a CW looking at their used units and a salesman came up and started talking to us. One thing led to another and we told him our story. He said it was BS and that they could get just about anyone financed for under 8.9%. Especially when they have a down payment like we did. So, we took the 15 minutes and filled out some paperwork. They ran our credit and told us the finance company was truly full of it. We ended up buying a much nicer, bigger and more expensive TT that day from them. We traded in the TT last year for a Class C with them and got a great deal. But the year before that, we tried and they wouldn't budge. Tried to tell us we had to have a certain amount down, but last year we didn't. Just depends on the day, the banks and the underwear the dealership owner put on that day.