oscararias102909 Report post Posted April 19, 2020 Looking to finance a travel trailer. Don’t mind sleeping in the Tahoe but time to start getting the kiddos out there. Any suggestions on where to go in the valley? Thank you all for any replies in advance! Share this post Link to post Share on other sites
bustedknuckleinc Report post Posted April 19, 2020 Mountain America Share this post Link to post Share on other sites
More D Report post Posted April 19, 2020 Most banks and CU will finance RV but the rates will vary quite a bit. I suggest looking into a financial company that caters specifically to RV's. For my first travel trailer I went in to the dealership with prior approval and it saved me at least 3% interest. Once you get your rig there are insurance companies that specialize in insuring RV's too. The company I used was out of Southern California and they saved me $40 per month and they had substantially better coverage. Like agreed upon value in case of loss. Share this post Link to post Share on other sites
Hoss50 Report post Posted April 20, 2020 If it has a bathroom you can count it on your taxes as a 2nd home and right off the interest. 4 Share this post Link to post Share on other sites
CatfishKev Report post Posted April 20, 2020 22 minutes ago, Hoss50 said: If it has a bathroom you can count it on your taxes as a 2nd home and right off the interest. This. And I'd look for something used. What they want for the newer ones is ridiculous imo. 2 Share this post Link to post Share on other sites
thegunsmith2506 Report post Posted April 20, 2020 8 minutes ago, CatfishKev said: This. And I'd look for something used. What they want for the newer ones is ridiculous imo. Used is the way to go. Share this post Link to post Share on other sites
Shane.A.Luke Report post Posted April 20, 2020 Boat and trailer loans make the lender rich. Used prices are dropping daily due to COVID19. Although dealers will be dropping prices 50% just to payoff their floor plan financing. Good luck. Share this post Link to post Share on other sites
More D Report post Posted April 20, 2020 The ability to buy now is a very good thing for those that can. Time is on your side. Inventories are aging by the day and dealers will soon start to cut prices to motivate the buyers that can. Most people probably buy new because the terms are stretched so far that monthly payments are doable by just about anyone. I wish I hand cash in hand to pick up something. Share this post Link to post Share on other sites
PRDATR Report post Posted April 20, 2020 19 minutes ago, Shane.A.Luke said: Boat and trailer loans make the lender rich. Used prices are dropping daily due to COVID19. Although dealers will be dropping prices 50% just to payoff their floor plan financing. Good luck. I wish. We have been looking at boats @ BP. Share this post Link to post Share on other sites
twigsnapper Report post Posted April 20, 2020 If you have to finance a camper you shouldn’t buy it. Pay cash and be done. Plenty of people and dealerships dropping prices. Or just rent one for a weekend or two per year. 10 Share this post Link to post Share on other sites
twigsnapper Report post Posted April 20, 2020 Let’s say you finance a $15,000 camper @ 5% per year. That’s $750 per year in interest you pay. You can rent one for a weekend or two @ $100 per day and basically brake even plus you don’t have to store it or worry about maintenance(tires, brakes, lights..) and you don’t have a monthly payment or insurance cost. I do think it is a great time to pick something up at a great price, financing campers and boats is just a bad financial move if you can’t pay cash or pay off the loan from savings. Just my 2 cents. 3 Share this post Link to post Share on other sites
oscararias102909 Report post Posted April 20, 2020 Thanks for the replies. Share this post Link to post Share on other sites
Hoss50 Report post Posted April 20, 2020 You can find good used deals if you can wait for the right deal. Share this post Link to post Share on other sites
360 0r Better Report post Posted April 20, 2020 11 hours ago, PRDATR said: I wish. We have been looking at boats @ BP. I don’t think BP has a cash flow problem seeing as they own the boat companies that they sell Share this post Link to post Share on other sites
jdown Report post Posted April 20, 2020 To actually answer your question, we have had good experience with Bank of the West for trailers in the past. All three trailers we have purchased, their rates were better than my work CU, Az Fed CU or the big 3 (Wells, B of A, Chase). Good luck and enjoy! 3 Share this post Link to post Share on other sites
