NEW TO RVing, many questions. and Intro - RV-Dreams Community Forum

maryjoa123 · RV-Dreams Community Member

NEW TO RVing, many questions. and Intro

maryjoa123 · RV-Dreams Community Member

Hi, I have a question?
are there certain places IE Banks, credit unions to get financing on RV's that are well known in this industry?
I am looking to buy a Class C. I have looked at a few of them and I have been reading on different FB groups, City-data, YouTube videos etc. The financing person at the RV place i went to yesterday told me that " all RV loans are 6.99% interest. The lowest she could go is 5.9% interest. But reading here is showing me that I could get a lower interest loan. But where?

Honeydeaux · RV-Dreams Family Member

Howard has a post for choosing a home base here http://www.rv-dreams.com/home-base-selection.html

Escapees RV club has good information as well. Just go to escapees.com and in the search box enter Domicile

most folks choose Texas, Florida or South Dakota you will have to decide for yourself which state fits your needs. We choose Florida for many reasons. Cost of vehicle insurance was one. No state income tax was another. There were other reasons as well which i wont go into here.

Good luck in your search.

Honeydeaux · RV-Dreams Family Member

Hi Mary,

Welcome to the RV-Dreams forum. There is a world of information here and friendly folks to help. If I may suggest please read the forum guide. http://rv-dreams.activeboard.com/f283552/guidelines-suggestions-please-read/ When you post if you keep the subject narrow to one subject you will get better responses. If you have multiple questions it's best to start a new thread for each.

Regards

BiggarView · RV-Dreams Family Member

Best financing... CASH. Can't stress that enough. Certainly borrowing is an option, but for most it can be a trap if you fail to also save money. One crisis and you could be in a real jam.

Your income stream, I have no idea about the steadiness of Travelling Nurses except the job pays well but is variable. (our daughter is one) Given that, I'd have a decent sized emergency fund to cover periods when less income is available and replenished when income is better, especially if you finance a rig with borrowed money.

JMHO, Brian

LarryW21 · RV-Dreams Family Member

If I were in your situation and 57, I'd work hard and long to pay your debt, save money to purchase an RV for cash and plan on hitching up at 60. Social Security and medical insurance also play a large role in this planning and may delay travel until you are 65 or 66.

NorCal Dan · RV-Dreams Family Member

Like you, we found out soon after going full-time RV'ing that the fed requires you to have a domicile address. Our solution was to use our Escapee's mail address for our permanent address. Everything is explained on their website. You do have to be an Escapee's member but the dues were not expensive.

Our first rig was a class c, but it was only used for quick trips as we learned about RV's. We found that, in general, everything is smaller on a class c rig, holding tanks, storage bays, refrigerator, and plain old living space. Have you considered a towable or small class a?

maryjoa123 · RV-Dreams Community Member

Hi,
I would actually consider something smaller than a Class C except that they are well out of my price range.
It will only be me and my two small shih tzu's who are older now and only want to sleep. :)

Captain Happy · RV-Dreams Community Member

Like some others have started, everything in a class c is small. Holding tanks, propane tank, and water tank. They also have no storage to speak of rather then a week-end, or week trip. The other thing is, there way over priced to begin with.

There's a couple of lady's out here full-timing in a small casita trailer, but I think that might be way to small for you. Now if this is your first short at RV living and your not sure of which way to go. I'd start off with something like a small pull behind trailer with a tow vehicle, or a used small class A motor home. With a class A MH you'll have way more storage compartments then you can fill. And you can have a small dingy to tow behind it, just like the class C.

If your out there still looking, the first thing I do is spend some time just sitting inside what ever size rig you decide on and spend time just checking the thing out. And don't believe 90% of what a salesmen tells you. Find someone you knows RV's to go with you to check them out.

Just remember, "Buy your last one first". it can get expensive.

Barbaraok · RV-Dreams Family Member

Where are you licensed? That is going to affect things alot. Easiest would be to move to one of the RV fulltime friendly states (Tx, SD, Fl) with a good mail forwarding company (like Escapees in Tx) that could give you a legal address, but you need to consider your nursing license issue first. Then health insurance.

NorCal Dan · RV-Dreams Family Member

maryjoa123 wrote:
Hi,
I would actually consider something smaller than a Class C except that they are well out of my price range.
It will only be me and my two small shih tzu's who are older now and only want to sleep. :)

Nothing wrong with a class C if you are happy with the size. I would pay special attention to towing capability to ensure it can handle whatever vehicle you plan to take with you. As I mentioned earlier, it's very easy to become a resident of Texas using the Escapee's mail program. They have everything listed on their site to assist you. You can use your Escapee's mail address as your legal address. If you have any other questions or concerns go ahead and post them here, there are plenty of people who can help.