financing through dealer or a RV Lender

[Just 1 More]

is it easier to get financing through a dealer or a RV Lender? do they both use the same places? I'm just not sure what route to go. I don't want to pull a bunch of credit checks.

[Blades-n-Beads]

Just1more, typically it will be easier to go through an rev dealer for a rev loan. Most all rv dealers work with finance company's that specialize in that area of RV, Boats, etc. loan terms and rates are usually better than a common local bank that does not specialize in those loan types although they most likely will do the loan it may be at a higher rate and shorter term.
One of the largest most reputable finance company's in Wisconsin is Northshore bank, they specialize in rv, boat loans.

[Phil T]

Have the contract read by a lawyer or at least an accountant. Some of those contracts are for a fixed amount, so you can't pay it off early to save interest. Let the buyer beware!

[reclending]

Originally Posted by Phil T

Have the contract read by a lawyer or at least an accountant. Some of those contracts are for a fixed amount, so you can't pay it off early to save interest. Let the buyer beware!

The main part in borrowing money for anything is to be sure it's a "simple interest" loan. That way additional money paid in applies to the loan balance. Interest is charged on the unpaid balance so the split between interest and equity is always changing. You pay less interest ad more principle on every payment, even the minimum. The key to long term loans is to pay early and often. You might be thinking of the old style "rule of 78 loan". With those, the interest was front loaded and nothing went to principle for a while. Not a good way to borrow money. Simple interest is the key.
Let us know if we can help.
Thank you,
Ken