Financing Class A Motorhome / RV

Financing Class A Motorhome / RV

How does one get financing through a bank for this loan? I've been told by a few banks they do not finance when I tell them am going to use motor home full time. Where do I turn.(I have no permanent address).

Comments for Financing Class A Motorhome / RV

Click here to add your own comments

Oct 01, 2013
Escapees or GSC
by: Anonymous

The solution is to join the Escapees, The Family Motor Coach Association or Good Sam Club. If you have no credit history, I suggest the Escapees as being the fastest route to establishing a credit identity. GSC has sources for credit that understand the lifestyle and are not put off by it, provided you have an identity.

Best advice, buy very used and work up. First one should be for cash. Then trade up within a year for a moderately priced unit with a loan of $15K or so. Pay it off in full over two years. You are then ready to go for what you really want. Nearly new, gently used, motor coach. By then, you will have a much better idea of what you really want and need.

Good luck!

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to RV Q and A.