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Old 01-04-2013, 06:12 PM   #1
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Financing - Sunseeker

If I may ask one more question. What kind of financing do lenders typically offer on a Class C? 10 years? 15 years? 20 years? Thoughts??
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Old 01-04-2013, 07:27 PM   #2
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Depends on the amount financed.

My lenders will usually go up to 20 years for anything over $50,000.

$20-25,000 usually gets up to 15 years.
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Old 01-04-2013, 07:39 PM   #3
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Thank you for the information!! I appreciate your time.
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Old 01-04-2013, 07:42 PM   #4
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Have you looked at a 5 year old RV (much less a 10 year old one )?


and would you still want another 5-15 years of payments when it's sitting in your yard for 45 weeks of the year?

20 years? Go look at a 1994 model with 1 year of payments left on it!!!!

Wanna retire EVER?????
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Old 01-04-2013, 08:31 PM   #5
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I'm good on retirement. Neat set. Thank you for your concern.
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Old 01-05-2013, 10:43 AM   #6
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If I may ask one more question. What kind of financing do lenders typically offer on a Class C? 10 years? 15 years? 20 years? Thoughts??

Have you considered a Home Equity Line of Credit against your home? The interest rates are normally much lower and you can get a long term for low payments then pay it off as fast as you want.
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Old 01-05-2013, 11:55 AM   #7
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Have you considered a Home Equity Line of Credit against your home? The interest rates are normally much lower and you can get a long term for low payments then pay it off as fast as you want.
This is just my opinion so don't flame me for it. I personally would not put my primary residence at risk for an RV.
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Old 01-05-2013, 01:20 PM   #8
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Thanks for the idea on home equity. That isn't an option as we leverage equity already in our homes as we buy, lease out and flip. We've flipped around 50 homes and own 18 that we lease out.
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Old 01-08-2013, 05:38 PM   #9
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Thanks for the idea on home equity. That isn't an option as we leverage equity already in our homes as we buy, lease out and flip. We've flipped around 50 homes and own 18 that we lease out.
I don't know your situation but if you own 18 homes maybe sell 1 of them and pay cash for the motorhome?
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