The answer is… it depends! Instead of using a one-size-fits-all approach, we work with you to figure out the best option for you. Some customers opt for one of our zero down programs while others would rather pay a down payment and get a lower interest rate. The great thing is - we'll make sure you know all the options available to you so you can decide what works best for you.
While credit history definitely factors into your financing options, don't get too hung up on having a certain score. Part of the reason we work with several different lenders is so that we have options that work with as many lifestyles and budgets as possible. Instead of wondering if you'll qualify, the best thing to do is start the process and our team will guide you through it.
A few key factors go into determining your interest rate, including the length of the term, the year of the vehicle, and the amount of your down payment. The benefit of us working with multiple financing partners is that we can shop the rate for you and make sure you're getting the most competitive interest rate available.
We would never tell you not to shop because it's always important to do your research. But we can tell you that those who do shop around typically find that we can give them a better rate than other options… including their own banks! If you do decide to shop, we recommend not allowing too many lenders to run your credit score. As you know, that can end up working against you instead of for you if it's done too many times.
There are definitely benefits to paying cash for an RV. But financing an RV is nice because it allows you to hang on to your cash and reduce your liability. If you have the opportunity to make a down payment and get an extremely low interest rate, that may be the best of both worlds. Our team can present you with options so you can decide which path to take.
Typically, if you finance over $50,000, the term will be 180-240 months. Part of the reason we work with so many financing partners is so that we can offer our customers options that are flexible enough to meet their lifestyle and budget. Regardless, our team at Transwest will make sure you understand the terms and are getting the best deal you can.
Thinking about resale value? The good thing about recreational vehicles is that they tend to hold their value more than personal vehicles. If resale value is a top priority for you, our team can help you find an RV that meets your needs but also has the best chance of retaining as much of its value as possible over the coming years.