- A shorter term is better – To pay the least amount for your boat or RV, choose the loan with the shortest term. Nobody wants to be in debt longer than they have to and any long-term debt you are carrying will affect any other uses of credit you may need over the years.
- Each lender is different – Many lenders will judge the merit of your application by slightly different criteria so it pays to shop around. Or better yet, have someone shop around for you like the team at Finance Solution.
- You will need insurance – It seems a bit backward to insure something you don’t own yet, but lenders require you to secure insurance before they will approve your boat or RV loan.
- The overall cost of ownership – There are dozens of other expenses that go into owning an RV or a boat. You have to maintain it, provide fuel, transport it, and store it during times when its not in use. All of these factors add up and should be something you think about before you purchase.
Fortunately, getting you the best rate, insurance, and terms is what Finance Solution does best. We will find you the perfect loan, at a monthly price you can afford. Simply fill out our loan application and we will provide you with a number of loans you prequalify for in a matter of minutes.