Reply
 
Thread Tools Display Modes
Old 02-27-2013, 11:21 PM   #21
Senior Member
 
Mountainmanbob's Avatar
 
Join Date: Oct 2011
Location: Lakeside mountains, Calif
Posts: 755
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

Mountainman
Mountainmanbob is offline   Reply With Quote
Old 02-27-2013, 11:34 PM   #22
Senior Member
 
Capt. Mike's Avatar
 
Join Date: Dec 2012
Location: Franklin County, MO
Posts: 2,607
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".
__________________
Mike and Yvonne
and Sophie, the little white dog
2017 Columbus 320RSC
2015 Chevy Silverado 2500HD Duramax 4X4
“It's not how old you are, it's how you are old.”Jules Renard
"It's not the years...it's the mileage." - Indiana Jones
Capt. Mike is offline   Reply With Quote
Old 02-28-2013, 03:26 AM   #23
Senior Member
 
captbenjy's Avatar
 
Join Date: Jan 2013
Location: Mississippi
Posts: 125
5.2% from Advancial Credit Union for 15 years for me.
__________________
2013 Columbus 320RS "The Wonder Wagon"
2009 F-250 4WD (Tuned) "Black Beauty"
captbenjy is offline   Reply With Quote
Old 02-28-2013, 09:12 AM   #24
Site Team - Lou
 
Herk7769's Avatar
 
Join Date: Oct 2009
Location: South Eastern PA
Posts: 22,813
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.
__________________
Lou, Laura, & Freya the wonder dog
2008 GMC Sierra 3000HD Crewcab SB Allison Duramax
2019 Flagstaff 8529FLS - Pullrite 3300
HAM CALLSIGN - KC3FFW
Herk7769 is offline   Reply With Quote
Old 02-28-2013, 09:44 AM   #25
Senior Member
 
Capsfloyd's Avatar
 
Join Date: Jan 2012
Location: Lancaster TX
Posts: 250
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
__________________
2009 Rambox crew cab
2012 831 Flagstaff RKSS
2010 jeep Liberty
2010 Harley Davidson Ultra Classic
Capsfloyd is offline   Reply With Quote
Old 02-28-2013, 12:47 PM   #26
BnD
Junior Member
 
BnD's Avatar
 
Join Date: Feb 2013
Location: Southeast Michigan
Posts: 23
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.
__________________
Becky and Dave
2012 Shasta Revere 26RLSLE
2012 Chevy Silverado 1500
Planned camping days for 2013 - 24
BnD is offline   Reply With Quote
Old 02-28-2013, 01:36 PM   #27
Senior Member
 
Helmsey's Avatar
 
Join Date: Aug 2012
Location: Knoxville, TN
Posts: 848
DW and just refinanced our 5er with our local credit union and got under 4% for 72 months, we were happy with that.
__________________
2015 Chevy 3500HD
2013 Sandpiper 365SAQ
Helmsey is offline   Reply With Quote
Old 02-28-2013, 02:24 PM   #28
Member
 
Join Date: Jan 2013
Location: Gulf Coast
Posts: 33
Rates

We just got 2.49% for 60 months with PenAir Federal Credit Union 2 weeks ago. We could not believe it.
Babygiz is offline   Reply With Quote
Old 02-28-2013, 06:35 PM   #29
New to Forest River
 
Join Date: Feb 2013
Location: Kansas City, MO
Posts: 109
our best rate we found was through the dealer (another reason to like them). 3.74% for 10 years, through US Bank.
__________________
Mike & Tracy Boyd
2013 LaCrosse 318BHS Touring Edition - Forest River - Prime Time
2006 Silverado 2500HD 4x4 Crewcab SB DMax/Allison
Graduated from 1999 Dodge Ram Extended 2wd 5.9L &
2005 Prowler Lynx Ultralite 29BHS
Mikedboyd is offline   Reply With Quote
Old 03-05-2013, 09:57 PM   #30
Member
 
Cobrafan's Avatar
 
Join Date: Feb 2013
Location: Beaumont, TX
Posts: 54
We just closed last week @4.75% with B of A for 15 years. 10% down
__________________
2013 Columbus 365 RL
2009 Ford F350 Super Duty Dually
Cobrafan is offline   Reply With Quote
Old 03-06-2013, 01:00 PM   #31
Member
 
Aquaholic's Avatar
 
Join Date: Sep 2011
Posts: 34
Wow you folks in the US get some pretty nice rates. I thought we were lucky in getting 5.4 for 15 years through a major bank here in Canada.
Aquaholic is offline   Reply With Quote
Old 03-07-2013, 10:57 AM   #32
Resident Masshole
 
force's Avatar
 
Join Date: Mar 2013
Location: Southeastern MA
Posts: 433
I'm another @4.75% through BofA for 12 years, which is much better than the 7-8% range several local RV dealers quoted.

Some of these credit union rates you folks have posted are excellent, I probably should have researched that more. Ah well, another lesson learned...

I wanted to go the home equity route but with the house valuation drop the last couple years the math just didn't work out.
__________________
Tom F.
2013 GMC 2500HD SLT Crew Cab
2013 Rockwood Roo 23SS
Nights camped in 2014: 8
Nights camped in 2013: 30
force is offline   Reply With Quote
Old 03-07-2013, 05:28 PM   #33
Member
 
Join Date: Feb 2011
Posts: 92
If you use Costco, they have new and refi rates around 4%, from 7 to 20 years I believe. Plus, once it closes and funds, Costco will send you $100 Costco gift card.
__________________
2014 Ram 2500 Laramie CC 6.4l Hemi
2011 LaCrosse 296BHS
autorot8 is offline   Reply With Quote
Old 03-09-2013, 08:05 AM   #34
Junior Member
 
Join Date: Jan 2013
Location: moro,il
Posts: 27
Smile rates

local credit unions were not even close to banks in st. Louis region, got 4.24 thru citizens after working them back & forth against b of a they both started out around 4.97 on 120 month loan & we worked them against each other, did learn that when doing the loan paper work that whoever has the highest credit score needs to be primary applicant, even did to apps at b of a & got better rate of the go with the wife as primary & second , the lady at b of a said the go off the credit score of the primary & not combined, never new that! just a little fyi for everybody to help save a buck! then I work the to against each other to get the best rate possible.
bcurvey is offline   Reply With Quote
Old 03-24-2013, 03:21 PM   #35
Member
 
desman's Avatar
 
Join Date: Mar 2013
Location: Ontario, Canada
Posts: 38
Canada here. 6% from Royal Bank on 5yr term. Open loan. $19,500 for 2013 Salem 26tbud...
__________________
2013 Salem26Tbud
2010 Ford F150 5.4L 4x4 3.55 gears
desman is offline   Reply With Quote
Old 03-24-2013, 07:37 PM   #36
Junior Member
 
Join Date: Jan 2013
Posts: 15
wow we got 2.40% from royal Bank Canada for 2 year term on $20,995
RV Man is offline   Reply With Quote
Old 03-30-2013, 11:46 AM   #37
Member
 
2SGMRET's Avatar
 
Join Date: Mar 2013
Posts: 50
Just bought a forester with a loan from BOA with a 3.99 interest rate for 240 months with 15% down.
2SGMRET is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Featured Campgrounds

Reviews provided by

Disclaimer:

This website is not affiliated with or endorsed by Forest River, Inc. or any of its affiliates. This is an independent, unofficial site.



All times are GMT -5. The time now is 10:42 PM.