Financing options?

[Tipsy4life]

Boy, new here, HELLO!

Stupid question perhaps BUT I am looking to purchase a used Class B RV in a few months. I am a DEBT FREE male who has only the income from SSDI.

Does ANYBODY know where I can get financing options. My credit scores are GOOD.

[Rockwood27]

Are you going to be living full-time in the RV? The reason I ask is most lenders require a permanent address for the loan. Many lenders won't give an RV loan that are over 10 years old. US Bank and Bank of the West are two RV lenders.

[wny-pat]

Check your local Credit Union! Their rates are usually much lower than conventional banks.

[Want a B]

You're off the hook by being debt free so why not save up and buy the B with cash?

[Pentex3]

Originally Posted by Tipsy4life

Boy, new here, HELLO!

Stupid question perhaps BUT I am looking to purchase a used Class B RV in a few months. I am a DEBT FREE male who has only the income from SSDI.

Does ANYBODY know where I can get financing options. My credit scores are GOOD.

How much will you be borrowing? You’re most likely only resource will be equity from your owned home. You would still have to qualify for the loan amount based upon your income. Last resort would be reverse mortgage but I wouldn’t enter into one of those for a non essential purchase.