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Old 04-21-2021, 03:31 PM   #1
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Post Financing for New Rig

We are considering a different rig and have been unable to find a lender. The problem we've run into is that we've been unable to find a lender that will finance a rig that will be a primary residence. Technically, we aren't full timers, but our current rig is legally our primary residence for tax and insurance purposes and a new rig would have the same status.
Can someone recommend a lender they have used in this situation?
Our domicile is in Texas.
Thanks for much for suggestions.
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Old 04-21-2021, 04:11 PM   #2
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My credit union offers 15 years for 5.24% for new or 2018 rvs. CEFCU of Peoria, IL . Your dealer may also have sources but they usually make a significant profit on those loans and charge more than that.
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Old 04-21-2021, 04:24 PM   #3
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Quote:
Originally Posted by DaSkipper View Post
We are considering a different rig and have been unable to find a lender. The problem we've run into is that we've been unable to find a lender that will finance a rig that will be a primary residence. Technically, we aren't full timers, but our current rig is legally our primary residence for tax and insurance purposes and a new rig would have the same status.
Can someone recommend a lender they have used in this situation?
Our domicile is in Texas.
Thanks for much for suggestions.
I'd contact ESCAPEES who are TX based and see if they can help.

https://www.escapees.com/?gclid=CjwK...hoC3ZQQAvD_BwE

GOOD SAM in another option

https://www.goodsamrvloans.com/?&sou...E&gclsrc=aw.ds
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Old 06-05-2021, 04:46 PM   #4
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Quote:
Originally Posted by DaSkipper View Post
We are considering a different rig and have been unable to find a lender. The problem we've run into is that we've been unable to find a lender that will finance a rig that will be a primary residence. Technically, we aren't full timers, but our current rig is legally our primary residence for tax and insurance purposes and a new rig would have the same status.
Can someone recommend a lender they have used in this situation?
Our domicile is in Texas.
Thanks for much for suggestions.

FINALLY, have an update and thank you for the suggestions. Worked through the entire list of 8 most recommended lenders. Road blocks were:
1. Wouldn't finance a private sale.
2. Wouldn't finance for full-timer.
3. Wouldn't finance for older models.
4. Wouldn't finance for consignment units.
and more


Eventually applied to our local credit union. None of these issues mattered, only the loan to value. So, on Monday we pick up our "new" 2007 Seneca 35GS, a gem that was stored in Jay Leno's garage (just kidding, but might as well have been).


As they say on the videos, a shout out to everyone on the Jayco lists. I never stop learning from these posts.
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Old 06-05-2021, 05:39 PM   #5
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Congratulations on the new-to you Seneca, and your success on finding a lender.

P.S. I learn something every day here, too.
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