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Old 02-27-2018, 02:43 PM   #1
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Financing question

Has anyone used a nationwide lending company to get an rv loan? The lender Iím working with is asking for a copy of the invoice on a new travel trailer and the dealer doesnít want to provide the invoice. Lender says itís standard protocol with nationwide lending companies. At a stalemate.
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Old 02-27-2018, 03:19 PM   #2
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invoice as in what you are paying? Or invoice as what the dealer paid for the unit?
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Old 02-27-2018, 03:24 PM   #3
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What the dealer paid. Thought dealers had agreement with the rv companies to not disclose incoice pricing
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Old 02-27-2018, 03:40 PM   #4
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Has anyone used a nationwide lending company to get an rv loan? The lender I’m working with is asking for a copy of the invoice on a new travel trailer and the dealer doesn’t want to provide the invoice. Lender says it’s standard protocol with nationwide lending companies. At a stalemate.
Not true of all we have used US Bank and Bank of the West both nationwide RV loan banks. They both just wanted the invoice of what we were paying.
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Old 02-27-2018, 03:56 PM   #5
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Bank has no business knowing what the dealer paid. All they need to know is what you are paying and what the unit is worth incase you default. Ive never heard of anyone demanding a dealer invoice.
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Old 02-27-2018, 04:17 PM   #6
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Cost, Invoicing, List, Retail, ...

Answer is easy -

Bank wants what you are paying (always too much).

Manufacturing cost $X
Dealer Invoice $2X
Dealer List $4x
Consumer Price $3x* - that way it seems like you are getting a steal instead of being Robbed!

*Unless it is a Newmar or Tiffin, then they make you believe you are getting an even better steal at $3.5X.

Just a bunch of Thieves - No LOL intended.
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Old 02-27-2018, 05:15 PM   #7
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Answer is easy -

Bank wants what you are paying (always too much).

Manufacturing cost $X
Dealer Invoice $2X
Dealer List $4x
Consumer Price $3x* - that way it seems like you are getting a steal instead of being Robbed!

*Unless it is a Newmar or Tiffin, then they make you believe you are getting an even better steal at $3.5X.

Just a bunch of Thieves - No LOL intended.
Not a bunch of thieves! They make a product. They price said product. The consumer decide if they want to buy the product. Capitalism!
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Old 02-27-2018, 09:36 PM   #8
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Financing question

I experienced this with Alliant Credit Union. They wanted the dealerís invoice from the manufacturer as they were only willing to go up to 90-110% of that (depending on interest rate).

The fellow I spoke with did say that this sometimes becomes a sticking point with some dealers. If the dealer wouldnít provide it to me, they had a fax number the dealer could send it straight to Alliant.

I ultimately didnít finance with them for other reasons. But, itís not entirely unheard of.
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Old 02-28-2018, 08:42 AM   #9
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I could see where this would be important to them. They don't want to finance a product that will be under water almost right out of the gate by way to much because if they would have to reprocess the unit for some reason from you, and try to sell it, they would lose money.

My salesman showed me the invoice on mine, and I didn't even need it. He just wanted me to be informed.
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Old 02-28-2018, 08:45 AM   #10
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Quote:
Originally Posted by 270S View Post
Answer is easy -

Bank wants what you are paying (always too much).

Manufacturing cost $X
Dealer Invoice $2X
Dealer List $4x
Consumer Price $3x* - that way it seems like you are getting a steal instead of being Robbed!

*Unless it is a Newmar or Tiffin, then they make you believe you are getting an even better steal at $3.5X.

Just a bunch of Thieves - No LOL intended.

Right on, Comrade! Every unit should be sold for what the manufacturing cost is!!! Only fair.............
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