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Old 03-05-2015, 11:42 PM   #1
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RV Financing

I keep getting emails from companies like Good Sam's, offering low financing rates. After getting these for a while I finally took the time to look at what interest rates I'm paying. I guess I need to refinance to get a lower rate, but more importantly a shorter term.

Has anybody used these companies with much success? Credit rating isn't an issue but I don't want unnecessary hassles. My local bank will gladly refinance it, but they're about .5% higher than these other offers.
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Old 03-05-2015, 11:55 PM   #2
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Dave, I would check with the Good Sam Finance Center. We're getting a loan for part of the cost of our 39MB. We checked with Lazy Days Finance and they didn't give us much hope, especially when your only reported income is SSI. Money in an IRA account did mean much to them, but Good Sam does finance Full Timers.
At bare minimum it might give you some leverage with your local bank for a better rate.
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Old 03-06-2015, 01:07 AM   #3
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I think I will. The local banks wanted to stretch out my loan and I wanted to shorten it and get a lower rate. I'm putting this on a 6 year plan
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Old 03-06-2015, 01:09 AM   #4
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I second Good Sam. It ended up being Essex Credit and actually Bank of the West. Super fast response and great rates! The only problem was that they were insistent that I needed to pay sales tax although i was purchasing from an individual. In GA and i knew that should not be so. But to there credit after several weeks they corrected their mistake and credited my loan!
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Old 03-06-2015, 02:30 AM   #5
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Some years back I dropped my bank and became a member of a couple of credit unions. I believe they are more customer orientated and have better rates. I don't know what rate you are looking for, but below is the rate and terms from one of my credit unions:
RV and Boat†† up to 180 months Low As > 2.99% up to $100,000
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Old 03-06-2015, 03:55 AM   #6
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I bought mine when the RV loans were tough to get due to the economy recovering. The interest now has dropped a couple of points. Just by refinancing I can gain 5k off my total payments according to my banker. I've just never worked with the bigger national companies so I wasn't sure about them.

I guess I'll be calling them over the next week.
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Old 03-06-2015, 02:12 PM   #7
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Quote:
Originally Posted by Dave&Ginny View Post
I keep getting emails from companies like Good Sam's, offering low financing rates. After getting these for a while I finally took the time to look at what interest rates I'm paying. I guess I need to refinance to get a lower rate, but more importantly a shorter term.

Has anybody used these companies with much success? Credit rating isn't an issue but I don't want unnecessary hassles. My local bank will gladly refinance it, but they're about .5% higher than these other offers.
We have refinance our Rig with Good Sam Financing and got a rate of 3.99 %. We knocked 5 years off our loan.
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Old 03-06-2015, 02:17 PM   #8
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Good deal...
better deal?
just pay cash
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Old 03-06-2015, 02:42 PM   #9
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We financed ours with BB&T finance for 3.25%
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Old 03-07-2015, 03:08 AM   #10
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What length of loan do most of you get for those rates?


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