Rv loan.

[Anonymous]

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.

[Jannelo]

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%

[sccredit]

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