RV Financing

[stevanpierce@gmail.com]

We've been looking at various financing options for a new or relatively new RV. What we have found are rates around 7-8% which isn't stellar but seem to be par for the course.

What recommendations do y'all have for financing? Companies to avoid?

(I could have sworn I found a place for 5.5% but didn't bookmark it ....and probably was an ad where I needed to put down 95% to get that rate.)

[mloganusda]

In the process of selling my 25" Trend now and asked my credit union about what they would finance. Book value of $72,450 and would loan 80% of that ($58K) for 10 years, but not sure of their rate. Asking $69K, so person would need to cover the $11K difference to purchase.

[MikeBecnel]

We purchased a couple of weeks ago and used Huntington Bank. The rate at the time was 6.74

[andrewtschneider]

Originally Posted by stevanpierce@gmail.com

We've been looking at various financing options for a new or relatively new RV. What we have found are rates around 7-8% which isn't stellar but seem to be par for the course.

What recommendations do y'all have for financing? Companies to avoid?

(I could have sworn I found a place for 5.5% but didn't bookmark it ....and probably was an ad where I needed to put down 95% to get that rate.)

My credit Union was advertising 2.49 boat loans two years ago. I walked in and asked if it applied to RVs. While rates are up you might to shop out of the box.

[engnrsrule]

If you have any thoughts of renting out your RV, like Outdoorsy or similar networks, make sure your lender and insurer do not prohibit it.