Full time and financing

[KennyGolub]

This is probably not the place to ask this but in talking to Sales folks about financing a new coach I'm told that banks do not like financing people who full-time. Has anybody here found that to be true, or does this guy not know what he's talking about ?

[Oscarvan]

I have heard that. Not sure if they are ALL like that. This would be a place where I would ask the question:

General RV Information - Escapees Discussion Forum

[donanddona]

Been there done that too.

[jfred1947]

Kenny that is true banks have a different % for full time IF YOU CAN EVEN GET IT. If you can get your coach ahead of selling your home if you have a brick and mortar home, no problem then you can sell you home and no problem

[Phoenixflyer]

I financed mine with my HELOC (Quicken Loan).
Did a wire transfer and Done.....
And I get to deduct the interest portion.

[Dorrie]

Yeah we were told that. We were going to buy our RV after the sell of the house but we were told by a lot of people (and they were reliable people) to buy the RV before the sell of the house. One, hard to find someone finance us if we need to and Two, if we did find someone to finance us the % would be so high.

[gtsum2]

Banks like a brick and mortar legal address which is why some may not like to finance full timers, or the rate is higher Definitely do it before the house sells imo.