RV financing

[DanTown2448]

Yes, its me. I have several lenders lined up but the terms are limited to 84 months (for 2019) @ 5.5% Interest rate. I was looking for a ten year loan vs 7 Year. Am I wishful thinking?
Thanks
Danny

 

[Jireh Financial]

Yes, its me. I have several lenders lined up but the terms are limited to 84 months (for 2019) @ 5.5% Interest rate. I was looking for a ten year loan vs 7 Year. Am I wishful thinking?
Thanks
Danny

Terms are generally based on loan amount, not model year. Rates are based on strength of buyer. Generally we can find more term than anyone needs. The tough part of shopping around is most lenders do have some sort of RV loan program. By by the time you find out it's not so good, you are already pulled and time has passed. We only work with lenders and CUs that are IN THE BUSINESS. I see you have (2019) in your note. Is that the model year you are buying? Should be no difference between new and used rates if that's the year.
We are ready when you are.
Ken