Motorhome Magazine Open Roads Forum: Class C Motorhomes: financing rv
Open Roads Forum Already a member? Login here.   If not, Register Today!  |  Help

Newest  |  Active  |  Popular  |  RVing FAQ Forum Rules  |  Forum Help and Support  |  Contact  

Search:   Advanced Search

Search only in Class C Motorhomes

Open Roads Forum  >  Class C Motorhomes  >  Class C

 > financing rv

Reply to Topic  |  Subscribe  |  Print Topic  |  Post New Topic  | 
Sponsored By:
Rileycooper10

Fl

New Member

Joined: 09/03/2017

View Profile


Offline
Posted: 09/03/17 10:21am Link  |  Quote  |  Print  |  Notify Moderator

Hi we are new to the rv forum late 60's and hubby70. still own a home in atlantic beach fl. We want to finance a Class C.what is the average monthly payment?.. I know its according to the price of rv but just some input from you all..
please give me feedback as to your experience financing as well as did you sell your home? Rent?
thank you

darsben1

near Canada in NYS/ Casa Grande, AZ

Senior Member

Joined: 05/29/2016

View Profile



Posted: 09/03/17 10:24am Link  |  Quote  |  Print  |  Notify Moderator

It depends on your credit score and number of years you want to finance. New rigs can go to 20 years financing.
I did not sell home for first two years just in case we decided it was not for us.
You can find an amortization table CLICK HERE
plug in the numbers


Traveling with my best friend, my wife in a 1990 Southwind

houstonstroker

Houston, TX

Senior Member

Joined: 07/16/2003

View Profile



Good Sam RV Club Member


Posted: 09/03/17 12:21pm Link  |  Quote  |  Print  |  Notify Moderator

Don't forget you can write off the interest as a second home.


TV 2002 Ford F-250 Powerstroke 4WD Crew Cab
5th Wheel 2009 KZ Spree 305BH


bagman

Land Of Milk & Honey!

Senior Member

Joined: 04/01/2001

View Profile



Posted: 09/03/17 01:35pm Link  |  Quote  |  Print  |  Notify Moderator

The Credit Union we belong to offers 1.99% interest on 10 year RV loans, providing you have your home mortgage through them. And we did that (3) months ago as we went from 30 year note to a 15 year note at a much lower rate! Also, they offer car loans at 1.99? for 72 months. Therefore, check out your local Credit Unions. Their advantage is they do NOT have to pay income taxes on their profits! Bags.


Land of Opportunity & Liberty 4 ALL!

time2roll

Southern California

Senior Member

Joined: 03/21/2005

View Profile



Good Sam RV Club Member


Posted: 09/03/17 02:07pm Link  |  Quote  |  Print  |  Notify Moderator

http://www.calculator.net/payment-calculator


2001 F150 SuperCrew
2006 Keystone Springdale 249FWBHLS
675w Solar pictures back up

tobydad

MA

Full Member

Joined: 05/10/2013

View Profile



Good Sam RV Club Member

Offline
Posted: 09/04/17 05:46am Link  |  Quote  |  Print  |  Notify Moderator

Here is as slight problem that I had. Purchased a used class c from dealer and needed financing. No problem, I thought, my credit score was 803 and I owned my home outright and had a good retirement income. I was 72 at the time. Dealer said first bank refused me, but second bank accepted and even had a lower interest rate. Contact with first bank and they reported the refusal was because I did not have enough collateral. Again I owned my home !!! The real reason, I assume, is because of age. Probably thought I would not live another 10 years. Of course they could not say that as it is illegal.

tjfogelberg

Twin Cities MN

Senior Member

Joined: 07/18/2014

View Profile



Good Sam RV Club Member

Offline
Posted: 09/04/17 04:11pm Link  |  Quote  |  Print  |  Notify Moderator

We're always glad to return to S+B after 2 or 3 months on the road. Don't sell unless you're not happy there.

Never 2 late

Surprise

Full Member

Joined: 02/03/2013

View Profile



Good Sam RV Club Member

Offline
Posted: 09/06/17 08:02pm Link  |  Quote  |  Print  |  Notify Moderator

tobydad wrote:

Here is as slight problem that I had. Purchased a used class c from dealer and needed financing. No problem, I thought, my credit score was 803 and I owned my home outright and had a good retirement income. I was 72 at the time. Dealer said first bank refused me, but second bank accepted and even had a lower interest rate. Contact with first bank and they reported the refusal was because I did not have enough collateral. Again I owned my home !!! The real reason, I assume, is because of age. Probably thought I would not live another 10 years. Of course they could not say that as it is illegal.


Same here. Credit score high and own home. Good retirement income. Have not started looking yet as have not settled on which model. It will be a trade in anyway but I expect to have the same problem. Am 68 and in better shape than many 40 yr olds!





Reply to Topic  |  Subscribe  |  Print Topic  |  Post New Topic  | 

Open Roads Forum  >  Class C Motorhomes  >  Class C

 > financing rv
Search:   Advanced Search

Search only in Class C Motorhomes


New posts No new posts
Closed, new posts Closed, no new posts
Moved, new posts Moved, no new posts

Adjust text size:

© 2017 CWI, Inc. © 2017 Good Sam Enterprises, LLC. All Rights Reserved. | Terms of Use | PRIVACY POLICY | YOUR PRIVACY RIGHTS