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Old 04-27-2013, 07:58 PM   #11
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So what is the average interest rate for financing a TT?
We were offered 4.2 with B of A, I work in finance, and your fico score "should" get 5 or lower. Your should get away with 10% down. Is there a Costco near you, they have a great finance package.
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Old 04-27-2013, 08:04 PM   #12
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We only had to put $500 down and our interest rate is 4.75%. Not saying you have bad credit but that can make all the difference some times.
Ditto... Just paid 500 down and 5.75 a few weeks ago.
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Old 04-27-2013, 08:29 PM   #13
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Ours was 2.9% in Nov 2012 at our local credit union. I remember others on the forum had a similar rate at the time.
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Old 04-27-2013, 08:46 PM   #14
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I pay 4 something. I'm through Michigan State University Credit Union.
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Old 04-27-2013, 09:54 PM   #15
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Taxes and fees down. 2.49% at chiphone in Elkhart in back in February. But I believe they only do local loans. Our scores almost identical to yours.
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Old 04-27-2013, 10:19 PM   #16
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3.99% with 800 down.

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Old 04-27-2013, 10:34 PM   #17
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We were told when we got our loan, the more you finance, the lower you you interest. Check with your car insurance too for a loan. Ours is 4.9%, because we wanted to put a large down payment. Your dealer should do better for you. Our CU, was giving 5% for 10 plus years. We did ours as a second home purchase.
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Old 04-27-2013, 11:45 PM   #18
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I'd also be tempted to see what the dealer is making off the loan; if the loan hits the bank at 6 and they're charging you 9 they'll make some good money. Just sayin, we've financed cars, etc and at some point you start figuring out their ways...

Also, are you comfortable with your deal? Did you run it through KBB to make sure you are getting a good value for the money? It's close to the end of the month, make that work in your favor ~ tell the finance dude at the rv place they need to do better. If its a big dealership, they should be able to strong arm their banks into working with you. IMHO. Good Luck
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Old 04-28-2013, 12:06 AM   #19
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Why don't you buy it with a line of credit against your house? You could probably get 2 - 3% by doing it that way. 9%? ??? That's crazy talk!! !
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Old 04-28-2013, 09:01 PM   #20
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Why don't you buy it with a line of credit against your house? You could probably get 2 - 3% by doing it that way. 9%? ??? That's crazy talk!! !
Just understand that you could be potentially risking the primary roof over your head if something / somewhere / somehow goes south.
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