04-29-2015, 01:48 AM
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#21
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Senior Member
Join Date: Apr 2014
Location: Olympia wa, Washington
Trailer: 5.0TA 2017
Posts: 2,255
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My bank offered much better rates on a new trailer not so good for a used one.
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04-29-2015, 03:22 AM
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#22
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Senior Member
Join Date: Jun 2010
Location: Central, Pennsylvania
Trailer: Escape#5 2022 E19
Posts: 26,268
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Quote:
Originally Posted by Daubsy
Sometimes you have to get creative when shopping for money. In my case, I wanted a travel trailer but would also need a new TV to tow it ($$$)! Vehicle loans are way cheaper and easier to get than RV loans, personal or equity loans. So, I sold my car, paid for the trailer in cash, and took out a loan on a new vehicle. I know every situation is different, but look to exploit unique opportunities.
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"Creative financing" sometimes becomes a necessity, good idea.
__________________
Jim
Sometime life gets in the way of living.......
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04-29-2015, 03:23 AM
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#23
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Senior Member
Join Date: Jun 2010
Location: Central, Pennsylvania
Trailer: Escape#5 2022 E19
Posts: 26,268
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Quote:
Originally Posted by Fox hunt
My bank offered much better rates on a new trailer not so good for a used one.
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This is common in the automobile loan business also.
__________________
Jim
Sometime life gets in the way of living.......
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07-19-2015, 03:25 PM
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#24
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Junior Member
Join Date: Jun 2015
Location: calgary alberta canada, Alabama
Trailer: 2015 escape 17b
Posts: 18
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Quote:
Originally Posted by Charley
Looks like I missed the ETI production schedule for 2015.
I'm looking to see if anyone here may have to cancel a factory order, for their 2015 Escape 17B or Escape 19 trailer. I'd be willing to discuss taking over the invoice. Send me a PM.
Thanks Folks,
Charley
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hi I have a new 17b paid over 31000 willing to sell for around 31000i am in alberta ph.4035602161 thanks
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07-19-2015, 04:22 PM
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#25
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Senior Member
Join Date: Nov 2010
Location: Denison, Texas
Trailer: 2015 21'; 2011 19' sold; 4Runner; ph ninezero3 327-27ninefour
Posts: 5,136
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We did not finance but I did look at the situation. What I found was that rates to finance the trailer were high but for vehicles were low. Don't know if that is the case everywhere but if you are buying the vehicle and not planning to finance it, but you do intend to finance the trailer, you might look at that and do the opposite.
__________________
Cathy. Floating Cloud
"Live in the sunshine, swim the sea, drink the wild air.... "
Emerson
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07-19-2015, 05:08 PM
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#26
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Senior Member
Join Date: Dec 2012
Location: Edmonton, Alberta
Trailer: 1979 Boler B1700
Posts: 14,935
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Quote:
Originally Posted by Floating Cloud
What I found was that rates to finance the trailer were high but for vehicles were low. Don't know if that is the case everywhere but if you are buying the vehicle and not planning to finance it, but you do intend to finance the trailer, you might look at that and do the opposite.
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That makes sense to me. Mortgage rates are typically even lower than new vehicle loan rates, so a variation is to borrow against the house... it's the same amount of debt either way. If your mortgage is a home equity line of credit, you just write a check against the line of credit - you don't even need to ask the bank.
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07-19-2015, 05:22 PM
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#27
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Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
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Keep in mind that with a home equity line of credit you will have to pay for an appraisal of your house and will incur fees for a duplicate title.
That's what I did when I bought the trailer and the RAV4. The Toyota dealer advised me to call the bank to tell them I'd written a cheque on the line of credit for $36,000. Bank response was, "why are you calling us"?
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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07-19-2015, 10:21 PM
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#28
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Senior Member
Join Date: Dec 2012
Location: Edmonton, Alberta
Trailer: 1979 Boler B1700
Posts: 14,935
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Quote:
Originally Posted by gbaglo
Keep in mind that with a home equity line of credit you will have to pay for an appraisal of your house and will incur fees for a duplicate title.
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Right - I wouldn't convert my conventional mortgage to a home equity line of credit just to borrow money for an RV, but if you already have this form, it is useful. We already had it when we bought our van, so we used it for the van.
Quote:
Originally Posted by gbaglo
That's what I did when I bought the trailer and the RAV4. The Toyota dealer advised me to call the bank to tell them I'd written a cheque on the line of credit for $36,000. Bank response was, "why are you calling us"?
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