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Old 04-21-2017, 04:15 AM   #1
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How to get financing

Can anyone tell me how they are getting financing in the US to purchase Escapes in Canada? Every one of my banks and credit unions tell me they cannot loan for purchases from outside of the US.
I was directed to SE Financial in Tennessee but they tell me the SAME thing
Any advice will be greatly appreciated.
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Old 04-21-2017, 04:48 AM   #2
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Hummm, personal loan or line of credit against your home rather than a loan for a trailer? I didn't get a loan for my trailer. I saved for seven years.
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Old 04-21-2017, 04:57 AM   #3
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Essex Credit, through good sam rv. They are used to financing purchases of boats and RVs from all over the world.

Eventually our loan was through bank of the west. You can apply online, and Tammy has worked with them many times before.

Just stay on top of the paperwork.

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Old 04-21-2017, 06:26 AM   #4
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Another vote for Essex. They were great to work with and even secured state registration for me while I was on the road towing home.
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Old 04-21-2017, 10:29 AM   #5
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Another vote for Essex. They were great to work with and even secured state registration for me while I was on the road towing home.
Also started out with Essex Credit . I sat down one day though and figured out what we were really going to pay in interest that 4 .49 % would of added in time 33 1/2 % to cost of trailer . We decided to throw as much money as we could and paid it off in a year instead . It was through Bank of the West . We have just come to the conclusion you will be broke if you pay interest on anything . The process went smooth though and if can live with all the interest it works . Pat
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Old 04-21-2017, 12:12 PM   #6
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Originally Posted by Donna D. View Post
Hummm, personal loan or line of credit against your home rather than a loan for a trailer? I didn't get a loan for my trailer. I saved for seven years.
When we considered buying a new trailer , I was apprehensive about putting my home up as collateral . If something happened , I would rather have them repossess the trailer and be done with it. We just waited another year , saved up enough money and paid cash. I realize for some this is not a viable option but I have never been a fan of borrowing money to purchase a non necessity.
Only had 2 loans in my 70 years cause that's what my depression era parents beat into my head.
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Old 04-21-2017, 12:25 PM   #7
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When we considered buying a new trailer , I was apprehensive about putting my home up as collateral . If something happened , I would rather have them repossess the trailer and be done with it. We just waited another year , saved up enough money and paid cash. I realize for some this is not a viable option but I have never been a fan of borrowing money to purchase a non necessity.
Only had 2 loans in my 70 years cause that's what my depression era parents beat into my head.
Very smart parents and child.
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Old 04-21-2017, 12:28 PM   #8
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Originally Posted by Patandlinda View Post
Also started out with Essex Credit . I sat down one day though and figured out what we were really going to pay in interest that 4 .49 % would of added in time 33 1/2 % to cost of trailer . We decided to throw as much money as we could and paid it off in a year instead . It was through Bank of the West . We have just come to the conclusion you will be broke if you pay interest on anything . The process went smooth though and if can live with all the interest it works . Pat
Good for you, Pat. That interest adds up, all right.
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Old 04-21-2017, 12:41 PM   #9
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Worth repeating

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........but I have never been a fan of borrowing money to purchase a non necessity.
Only had 2 loans in my 70 years cause that's what my depression era parents beat into my head.
Steve,
That there is some wisdom worth repeating.
My parents grew up during the depression, as well. Their lessons finally sunk in part way thru my life, so we're OK now. We get to pass them on to our kids, by example.
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Old 04-21-2017, 12:42 PM   #10
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Good for you, Pat. That interest adds up, all right.
My Dad was a Vice President of a bank and I learned a lot from him . I just wasn't smart enough to figure at first what the heck this was going to cost . It just looks like low interest . Then you do the figures and oh my . Linda and I just worked our butts off and got some funds for rehabbing ,and literally went to bank and and keep throwing money at loan to get rid of the loan as fast as we could . Cathy the reason we just learn to live with what we have . Just dream . Nothing wrong with that. As far as having a RV , always have had one . Kind of security for me , especially after 1994 . Lived in motorhome in driveway while house was being put back . I refused to go anywhere else . Kind of PTSD for me. Now you know . Pat
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