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Post Info TOPIC: Replacing your RV or Truck once on the road

RV-Dreams Family Member

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Replacing your RV or Truck once on the road

Have a question for all the folks who have been doing this awhile.  So your on the road for 7 years and your truck or RV needs replaced or major work done.  I am curious if you got a loan or paid cash.  How difficult was it to get a loan with a nomadic lifestyle??  Not everyone has a chunk of money set aside for something major was wondering what folks did.  



Ford F350 Super Duty 4x2.  Open Range 386FLR

Follow our journey at www.camperchronicles.com


RV-Dreams Family Member

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Posts: 2950

I guess it would depend on where and how you declare you residence.......also would depend if you told them your home was on wheels !

There are specialized Credit unions and banking that cater to fulltimers .....I believe Escapees has a few that will work with you.


 1998 ...Harney Renegade DP  class A



My Service dog and life partner " Nikki"......Klee Kia Miniature Husky....(she Runs the ship!!)

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RV-Dreams Family Member

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Posts: 3721

We financed our new car through a credit union.

Edit: I did want to add that we were going to buy the car outright, but the credit union gave us such a low loan rate we took out a loan.  It is nice to have a high credit rating and score. 

-- Edited by bjoyce on Saturday 25th of January 2014 08:49:14 PM


Bill Joyce,
40' 2004 Dutch Star DP towing an AWD 2020 Ford Escape Hybrid
Journal at http://www.sacnoth.com
Full-timing since July 2003

RV-Dreams Family Member

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Posts: 679

We've replaced vehicles and RVs multiple times on the road, and had major repair expenses.

We do keep cash set aside for un-scheduled expenses and/or funded some of the replacements with our resell value of the original vehicle/RV.

One time however, we needed to rather urgently replace our tow truck (when we had a trailer) and there just wasn't time to facilitate the necessary transfers into a cash accessible account. So we just took out a loan to drive the vehicle off the lot, and paid it off shortly thereafter. Getting the loan was no big deal, we just went with the dealership's default loan company.

It might have been more difficult to get a loan for a RV however, as many banks have gotten very picky about those to begin with, never mind adding in the full timer status. But there are credit unions (Alliant) that are business partners with Escapees and have known several who successfully got loans through them.

- Cherie


Cherie (and Chris) / Our blog: Technomadia.com

Full time since 2006 as Gen-X 'technomads' (technology enabled nomads)

RV Mobile Internet Resource Center (unbiased information by RVers for RVers)

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