Has anyone financed with RV Wholesalers?

[pg_rider]

Recently put a deposit down on a new TT with RV Wholesalers. I'm pre-approved for a loan through my bank (USAA) at 6.25%. I was wondering if it was likely that RVW could do better before I fill out their credit app. Anyone gone this route recently and care to comment?

[bwhunter65]

wont hurt to ask them

[punkaccountant]

I don't know your credit history or how much you're putting down but I would be surprised if they can't beat that rate. Plus, don't they give you a discount off the cost of the trailer if you finance with them? I thought they did, at least, they did a couple year's ago.

[Mountainmanbob]

Originally Posted by pg_rider

I'm pre-approved for a loan through my bank (USAA) at 6.25%

my bet is that you will have a very hard time
finding a better rate than that

MM

[JoeR]

I had the same decision last summer. I'm a member of two credit unions and they both beat the best deal RVW was offering for finance terms. I even told them what my local credit union was offering and they said they couldn't beat it.

JR

[rkswyo]

I too just ordered a new trailer. I have been shopping around for rates and just from what I have seen I think 6.25 can be beat. The best rates I have seen are from credit unions. The one I'm going with is 2.75 percent for a 6 year term.

[punkaccountant]

Now you'll have to fill out that app just to see who's right I think it could probably be beat it but just remember even if they beat it by a half of a percent you will be saving less than $4/month. Small changes to the interest rate do not really have a big impact on the monthly payment.

[pg_rider]

Thanks for the replies. Sounds like a bit of a crapshoot, in which case I may just stick with my bank for convenience sake.

rkswyo, where in the world did you find 2.75%? For that rate, I'm willing to do a little leg work!

Still trying to decide how much to finance. I'm getting a big tax refund, plus the in-laws are gifting us a nice chunk of change towards the trailer as well. That leaves me needing to finance about $3k, which almost doesn't seem worth it. Wondering if I should keep the tax refund, and finance the bulk of the trailer cost instead...

[rkswyo]

Warren Federal Credit Union out of Cheyenne, Wyoming. I was refered to them by my insurance company. I talked to them on the phone afeter seeing their rates. Also WYHY credit union out of Cheyenne has good rates right now. My trailer is 6 to 8 weeks out so I have a little time. Trying to save every penny I can between now and then for the down payment so I can finance as little as possible

[trudinator]

I'd check with a credit union. They can get better rates than a bank. And dealers historically have the highest finance rates.