Here are the two common approaches to financing your RV purchase. 1. Your local dealer has an in-house financing department that directs you to a few preferred lenders. At that point, they may negotiate or facilitate the process to some degree, but fundamentally it’s still up to the customer. 2. You shop around with lenders on your own. Maybe your family friend is a lender, but otherwise, this strategy is unlikely to get you favorable terms.
Once some sort of financing is secured (if your credit score is sufficient), then comes insurance and warranties.
There’s a better way.
Finance Solution guarantees more loans than other outsourced providers and facilitates the entire process so, when you roll off the lot, you know you’ve made the right decisions.
If you find the perfect unit at a dealership we don’t partner with, we can help you find a better rate and better terms at the same or a lower price without any hidden costs or fees. We can even find you a better deal at the larger dealerships like Camping World and Lazy Days. How do we do this?
Let’s say you find the perfect RV at a large dealership. During the finance process, they offer a substantial cash discount—thousands of dollars off the retail price—as long as you go through their financing department. The problem with this is they are most likely not offering the best possible APR and terms. You may be paying a lower retail price, but over time you’ll be paying more because you aren’t given the most advantageous rate.
Don’t fall into this trap. If you think you can get a better deal, contact Finance Solution. Our experts can help you find a better rate for the same unit or a lower-cost equivalent at a different dealership.