🤢Finding Financing for your RV | Best way to Finance a Motorhome 🚃
Channel: SolomonHomestead
Date: 2020-01-30

Finding Financing for your RV | Best way to Finance a Motorhome 

In this video we share our experience in "Financing your RV"  While we are not experts or professionals, we have purchased/financed many homes, cars businesses and now 3 different RV's so we have quite a bit of experience in the area.   We were a bit surprised at the initial difficulty we had with a big ticket RV loan.   Previously we had purchased quite easily through Alliance Credit union our first travel trailer and then using M&T bank we purchased our second.  Both of these were under 50K and required little to no downpayment.  

For our 100K plus motorhome it was quite different, we found out many that promote they do RV loans only like to do the smaller dollar loans and will decline you are expect 50%+ down on the 100K plus units.  However, we went out of our comfort zone and contacted Good Sam's who we had no familiarity with except camp ground club.  We figured since they were heavily focused on RV's it was our best shot but after the previous declines we were a bit gunshy.   I submitted online app and within 24 hours we were approved.  They used Bank of the West and besides the delays and use of paper and snail mail, this is a great option if you have solid credit. 


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