topic Re: Rv loan. in Auto Loans

Rv loan.

Anonymous — Mon, 20 Apr 2020 03:01:47 GMT

What kinda of credit history is needed for an rv loan of 15 - 20k. My scores are all in the 700s and I make 43k a year. but I was denied a loan from my local credit union. I would imagine it is mainly because of lack of credit history (1 year) and being young? 21. I have no debt, live at home. Truck is paid for. New polaris rzr is paid for. I usually pay cash for things but of course it's close to summer time and I would like to upgrade from my current camper to a better suited toy hauler trailer to haul my rzr. I could technically pay for a new trailer cash but of course I would love one now. I know rvs are considered a high risk loan but it just disapoints me that I can go buy a house for 300k yet I can't get an rv. What should I being doing to have better odds of being approved.

Re: Rv loan.

Jannelo — Mon, 20 Apr 2020 18:47:08 GMT

Try Essex Credit, maybe, for a quote. They specialize in those type loans. I don't know anything about them, though. Not as low as a credit union.

RV Rates for Sunday, 19 April, 2020 As Low As:

APRs* are based on loan amount and length of loan (number of months)Loan Amount

48 - 60 61 - 84

$10,000 - $14,999	6.29%	6.49%
$15,000 - $24,999	5.79%	5.99%
$25,000 - $49,999	4.99%	5.19%

Re: Rv loan.

sccredit — Mon, 20 Apr 2020 19:11:50 GMT

Look at Logix. IME Essex (Bank of the West) is an extrtemely conservative lender.