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Is there a such thing as financing on a trailer on leased land?

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Anonymous
Not applicable

Is there a such thing as financing on a trailer on leased land?

I know the rules about financing on a trailer where the land is leased is tricky if not almost non-existent. Has anyone here ever heard or, or been financed for a trailer where the land is NOT owned? So, a trailer in a park on leased land? I am also in New Hampshire.

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iv
Valued Contributor

Re: Is there a such thing as financing on a trailer on leased land?

The term you're looking for is "Chattel Loan".  Almost closer to a car loan than a mortgage. (And much higher interest rates, usually.)

 

 

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