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Old 02-27-2013, 11:21 PM   #21
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that would be the best rate

Quote:
Originally Posted by myredracer View Post
If you can do it, try getting an equity loan on your house. Much lower rate.

that would be the best rate
running about 3.5 right now
plus
a good tax write off

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Old 02-27-2013, 11:34 PM   #22
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Quote:
Originally Posted by Mountainmanbob View Post
that would be the best rate

running about 3.5 right now
plus
a good tax write off


Mountainman
I agree that a home equity loan would probably offer the best rate, but our home is paid off, and I'd just as soon not encumber it with a new mortgage. The extra point or point and a half from an RV lender like Band of the West or Good Sam would be worth it to me not to have the house mortgaged again. Besides, at this point, you can still write off the interest paid on the tt as a "second home".
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Old 02-28-2013, 03:26 AM   #23
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5.2% from Advancial Credit Union for 15 years for me.
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Old 02-28-2013, 09:12 AM   #24
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Recent posts have taken a turn that come close to prohibited speech on the board. ALL posters please take a moment to re-read what is permitted and what is not.

In addition, the posts add nothing to the discussion of interest rates asked by the OP. To avoid further degradation of the thread, these posts will be removed.
Thank you for understanding.
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Old 02-28-2013, 09:44 AM   #25
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I would check around with other banks that deal in TT and motor homes ?
We bought from USA explore and they found the cheapest rate 5 % for 180 months MMB
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Old 02-28-2013, 12:47 PM   #26
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Quote:
Originally Posted by Capt. Mike View Post
I've heard that credit unions offer lower interest rates than traditional banks. I checked with a local CU today about a rate for the new tt we have on order. I was quoted 6.45% for 60 to 120 months, 7.45% for 121 to 180 months. When I asked why so high, I was told that their aito rates are in the 2's, but RV rates are (and have always been with them) much higher than auto loan rates.

What kinds of interest rates are others seeing these days?
I have worked at a CU for 12 years and our camper/RV rates have always been higher. CU's generally don't like long term loans and that is why the interest rates tend to be higher (except around camper show time, then there are generally "specials" but I know my cu never goes over 84 months for under $30,000 financing).

On that note, we just got approved for 4.24% thru Citizens Bank. No fees, no prepayment penalty, and we got a 144 month term.
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Old 02-28-2013, 01:36 PM   #27
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DW and just refinanced our 5er with our local credit union and got under 4% for 72 months, we were happy with that.
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Old 02-28-2013, 02:24 PM   #28
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Rates

We just got 2.49% for 60 months with PenAir Federal Credit Union 2 weeks ago. We could not believe it.
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Old 02-28-2013, 06:35 PM   #29
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our best rate we found was through the dealer (another reason to like them). 3.74% for 10 years, through US Bank.
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Old 03-05-2013, 09:57 PM   #30
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We just closed last week @4.75% with B of A for 15 years. 10% down
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