I work for a credit union, and we are doing a lot of financing these days - personal loans, car loans, rv loans. I don't think it's so much that banks and credit unions aren't doing loans these days, it's that the standards are just a little higher. So if you have money to put down, a good credit history, and enough income to make the loan payments, I don't think you will have any trouble finding financing for your RV. :) JMO

Jamie,

We began our buying process with an "approved" application when we ordered our Mobile Suites.  However, by the time we got our fifth wheel in, that bank had suddenly "unapproved" us.  So, there we were with our new unit sitting on the dealership lot and no one to finance us.

Our dealer told us that he had one more source, but it was through an online source.  (Does that give one a warm, fuzzy feeling?  Don't think so.)  So then he asked me if I qualified for USAA.  I am a veteran, thus I did, even though I HAD NEVER JOINED THE ORGANIZATION.

I got online and joined USAA and called within a couple of hours and applied for an RV loan through them.  Within 2 hours of being considered a member, we had indications that we were approved by them for the loan.  The next day, after I got them just a little more information not available to me at work, we were approved.  Every part of that process was done online and on the phone.

Boy, were we relieved to have financing.  Good luck in your searching.

Terry

Bank of the West is also who we used but that was a couple of years ago... easy to work with.

Mallo

When we bought our rig last February, the dealer handled the financing and it was also through Bank of the West. I only paid a few months when I researched and got a better interest rate through the local community bank I have been dealing with for years. Even better with automatic withdraw.

I have never had any problem with getting financing for anything. The secret must be our credit score. It is well over 800 thus allowing us to always get a better rate.

Now, if only daughter could sell her condo and we settle on our house she and her husband are buying, I would not have to think about interest rates! As it is, our house is considered a rental, leading to a whole other set of issues.

I know that the older an RV the harder it is to get financing.

I just financed my '01 HR Endevour. I was told that almost no financial institution is willing to finance an RV older than 10 years old. Also, I didn't realize how much of a better deal you could get through a credit union until this loan either. I financed through OSU Credit Union here in Oregon and they were wonderful ti work with, beat every other rate by at least 3% and as much in one case as 7.99%. I have also never had better customer service either, or continued good service since. Needless to say, they will get my continued financial business.

I was told that some CUs are willing to financed slightly older RVs for established customers with long established (and positive) banking histories with them. I just signed up with OSU, so I couldn't tell you, but based on the service the Monmouth branch provided, I could see it happening.

So oui, financing is out there, just seems to be a little more tricky right now.