New PUP financing questions

[Rustyone]

Greetings all:
Although we have looked several times at the new Niagara we haven't gotten so far as to discuss financing options with the dealership.  We were told by sales that a Niagara equipped the way we wanted it would be in the "ballpark" of 16000.00 to 16500.00.  That was with Carefree of Colorados'  Supersport awning and AAR, Trojan group 27 battery, Carrier AirV A/C and a powered tongue jack.  (It was me who asked him for just a "ballpark" figure because we're not really ready to talk firm yet).
My question is what is generally considered to be a typical loan arrangement on a Pop up?  Money down and length of loan is most important.  The CU I belong to advertised ten year financing for an RV loan over 14,999.00 on their site and when I called for particulars was told the RV had to have an engine in it! :mad:  DW's CU wants 25% down with pay-off in 60 months. :mad:   I can find tons' of info for financing a $50,000.00 fifth wheel but nothing substantial on a "paltry lil PUP"  Can some one enlighten me please?

[mike4947]

Two options off the top of my head: ask both bank & CU about "personal" loans. They don't require collateral and can have longer terms.
 
Another option to check into is a home equity loan. Of course you have to have some equity in a house for that one to fly.
 
And don't be afraid to check out banks you don't do business with. Loan rates, type, and length of contract can really vary around the same town.

[StarVol]

We offer 5.99% for up to 120 months if the amount is $10,000-$14,999.00 if your credit score is 700+.

This is on a New Starcraft Centennial 3608 or 3606 Loaded with all the options at $12,988

We use Regions Banks.

Happy Camping

[OC Campers]

When we bought our popup in 2001 be put a thousand dollars down and financed thru their bank (Bank oif America).  I think the interest rate was 7 percent at that time.  We financed it that way for about a year then took out and equity loan and paid it off.  We have since sold that house so it is totally paid of now.  Also remember if your popup has a bathroom you may be able to write off the interest as a second residence (we did) on your taxes.  Check with your tax person first.

Jacqui

[TheViking]

Greetings all:
Although we have looked several times at the new Niagara we haven't gotten so far as to discuss financing options with the dealership.  We were told by sales that a Niagara equipped the way we wanted it would be in the "ballpark" of 16000.00 to 16500.00.  That was with Carefree of Colorados'  Supersport awning and AAR, Trojan group 27 battery, Carrier AirV A/C and a powered tongue jack.  (It was me who asked him for just a "ballpark" figure because we're not really ready to talk firm yet).
My question is what is generally considered to be a typical loan arrangement on a Pop up?  Money down and length of loan is most important.  The CU I belong to advertised ten year financing for an RV loan over 14,999.00 on their site and when I called for particulars was told the RV had to have an engine in it! :mad:  DW's CU wants 25% down with pay-off in 60 months. :mad:   I can find tons' of info for financing a $50,000.00 fifth wheel but nothing substantial on a "paltry lil PUP"  Can some one enlighten me please?

$16,0000.00 sounds expensive.  I'd try to beat up the dealer on that price a bit, or shop around some more.  I just bought our '05 Travel Trailer for $15,700.00 !
I dealt with two dealers and found that they all have different ways of financing. Mine was financed through a CU, seemed to have a better interest rate and shorter term.  Some dealers offer financing for 144 months as well. Bottom line is, if one dealer can't get what you want for a loan, the guy down the street probably can....so exhaust all your options.