USAA Financing Not Possible?

[Donna D.]

As a free American, I have zero.. ZERO problems with any private business that helps our military. If it provides them cheaper rates or great service or HELP. Good for them, our military personnel deserve every single break they can get.

 

[emers382]

Sounds positively un-American.

Kinda like Costco. Making you buy a membership to purchase twice as much as you need at a price comparable to the same thing on sale at Safeway.
Off topic, sort of, my daughter bought a large tomato plant at Costco last spring. When it didn't do well, she threatened to take it back, since, apparently Costco takes anything back, even after you've used it for months. Somehow they can afford to do that. ;D

Right on Glenn, I bought as a surprise for my wife a new washer and dryer at Costco on Aug 1, she hated the washer, tangled the clothes, didn't get them clean. Took the set back yesterday, no questions, and no problem with the fact Costco Canada has switched from Amex to MasterCard and I don't have MC, they just put the $1400 right into my bank account

Adrian

 

[dfandrews]

As a free American, I have zero.. ZERO problems with any private business that helps our military. If it provides them cheaper rates or great service or HELP. Good for them, our military personnel deserve every single break they can get.

Amen to that.
And, thank you, Donna.

 

[gbaglo]

As a free American, I have zero.. ZERO problems with any private business that helps our military.

Nor do I.
I shall now :-X

 

[santacruzer]

It's a pretty common practice for companies that once served a specific, and exclusively limited, clientele to eventually open up their memberships. Credit unions are a classic example around here, and GEICO was once limited to government employees (Government Employees Insurance Company). That lizard will now sell to anyone!

 

[rbryan4]

So anyway, we got approved today using Costco/Essex Credit. APR was 4.29, not bad I guess.

 

[California Dreaming]

Golden 1 Credit Union. Credit unions give better rates in general. I checked Golden 1 in San Antonio

 

[rbryan4]

Golden 1 Credit Union. Credit unions give better rates in general. I checked Golden 1 in San Antonio

Golden 1 of course is in California. Their co-op affiliate here is Security Service FCU of which I'm a member. Security Services' rate was around 6%, much higher than Essex. I'm also a member of Randolph Brooks FCU, and their rate was 5.39%. Credit Unions aren't always the best bet.

 

[padlin]

Why would a 48 month loan from Penfed CU for a new $30k car run 2.5% , but spending the same price for the same time period for an RV run 6.5%?

Do people default on toys that much more then cars?

 

[kstock11]

At least the interest on an RV is tax deductible in the US - considered a second home!

 

[Donna D.]

Do people default on toys that much more then cars?

Yes, they do. In the time of a personal financial crisis it's one of the first things to go. A family car, one of the last. Often, folks will give up sticks 'n bricks home before their only mode of transportation.

 

[vermilye]

Why would a 48 month loan from Penfed CU for a new $30k car run 2.5% , but spending the same price for the same time period for an RV run 6.5%?

Do people default on toys that much more then cars?

Because the banks think it is easier to resell a repossessed car than a trailer for enough to make the loan financially viable. For most stick built, that is probably true; few have had much experience with fiberglass trailers. My credit union is currently doing 48 month loans on new RVs for 3.74%; used 4.25%, and will usually match better offers.

 

[Oregonian-ESC]

At least the interest on an RV is tax deductible in the US - considered a second home!

It is still one of the better tax offsets. There are a few caveats however- it has to meet the requirements of a self-contained second home: have sleeping quarters, a bathroom, and cooking equipment (I believe).

When I checked with my CU a new trailer loan with at least 20% down was approx 3.5%.

I might just take advantage of the relatively cheap money and the interest deduction...

 

[rbryan4]

Another "surprise" today and an FYI for those who want to use Essex/Costco to finance. Since ETI is not listed for value determination in NADA, and does not provide a manufacturer's invoice, Essex requires at least 20% down. We don't mind, but others might if they don't want to come up with a large amount of cash.

 

[Patandlinda]

Another "surprise" today and an FYI for those who want to use Essex/Costco to finance. Since ETI is not listed for value determination in NADA, and does not provide a manufacturer's invoice, Essex requires at least 20% down. We don't mind, but others might if they don't want to come up with a large amount of cash.

They must of changed rules . We used Costco /Essex with 10 % down . There was no problem and they were familiar with Escapes . The DMV was another matter though .

 

[rbryan4]

With this very valuable new information I went back to Essex. They are "looking in to it." Hopefully we can do the 10% down as well. 20% isn't a problem, but I'd like a little more liquidity. Thanks again Pat and Linda!

 

[Patandlinda]

With this very valuable new information I went back to Essex. They are "looking in to it." Hopefully we can do the 10% down as well. 20% isn't a problem, but I'd like a little more liquidity. Thanks again Pat and Linda!

No problem . Glad to help .

 

[tractors1]

At least the interest on an RV is tax deductible in the US - considered a second home!

As a business asset I get to depreciate it too!

 

[cpaharley2008]

As a business asset I get to depreciate it too!

The problem with that thinking, other than the minimal amount is recapture later on at the time of sale as well as setting off all kinds of alarms, if you get my drift. Thirty eights years spent there putting out fires.

 

[Shurdist]

rbryan4, Are you sure about this? I actually called and talked to a rep and was approved. She said that I would have to pay in US dollars, but out side of that, they would simply send me a check to take up to Canada with me when I pick up the trailer.