mrchips Posted May 16, 2016 Report Share Posted May 16, 2016 If I can get my coach sold I will be looking for a fiver and an HDT.. In doing my thinking I got to wondering about financing for the truck. I have read a couple things that said financing might be an issue. Can anyone shed any light on that? Next, if it is registered as an RV, are you still locked into 60 months or so for financing, or could you take it out further? Typically I finance for as long as I can, and then try and pay things off as fast as I can. But that allows leeway for much lower monthly costs. We were looking at getting out of our coach and it's big expense (no I don't own it, I drive it for the bank) and going to a much cheaper, in price, fiver and an HDT to help lower our overall monthly expenses. The fiver I am not worried about, Just don't know anything about financing an HDT. Any assistance out there? Link to comment Share on other sites More sharing options...
GlennWest Posted May 17, 2016 Report Share Posted May 17, 2016 Hope you have a good credit union in good standing. That who is financing ours. They actually volunteered. I had the cash and was talking with them about some other things and they offered me a deal on hdt I couldn't turn down. 2003 Teton Grand Freedom towed with 2006 Freightliner Century 120 across the beautiful USA welding pipe.https://photos.app.goo.gl/O32ZjgzSzgK7LAyt1 Link to comment Share on other sites More sharing options...
mrchips Posted May 17, 2016 Author Report Share Posted May 17, 2016 Excellent credit but do not belong to a credit union. Typically always use USAA for everything. Link to comment Share on other sites More sharing options...
GlennWest Posted May 17, 2016 Report Share Posted May 17, 2016 I know nothing about USAA but I have always heard good about them. Ask them, all they can say is yes or no. I do believe have a long time relationship with your bank is the key. 2003 Teton Grand Freedom towed with 2006 Freightliner Century 120 across the beautiful USA welding pipe.https://photos.app.goo.gl/O32ZjgzSzgK7LAyt1 Link to comment Share on other sites More sharing options...
Big5er Posted May 17, 2016 Report Share Posted May 17, 2016 Oh what the heck. Let me beat Mark Bruss to the punch...have you bothered to look in the Resource Guide? MY PEOPLE SKILLS ARE JUST FINE.~It's my tolerance to idiots that needs work.~ 2005 Volvo 780 VED12 465hp / Freedomline transmission singled mid position / Bed by Larry Herrin2018 customed Mobile Suites 40KSSB3 2014 smart Fortwo Link to comment Share on other sites More sharing options...
Steve from SoCal Posted May 17, 2016 Report Share Posted May 17, 2016 USAA may do a personal loan but not an RV loan. I have asked them about it. I have been a member for life, Dad was a member since 1938. Because there is no "book value" as an RV it is a fish out of water, they are NOT competitive on insurance for HDT's either. Do you have a brokerage account you can borrow against? That is the best alternative to buy with if you have it. Once you get a truck and document it as an RV, get an appraisal. Then go to lending institutions to see what they can offer on the "RV" side. It is a catch 22, you can't get traditional funding on a truck, once it is an RV you have a good chance. Steve 2005 Peterbilt 387-112 Baby Cat 9 speed U-shift 1996/2016 remod Teton Royal Atlanta 1996 Kentucky 48 single drop stacker garage project Pulls like a train, sounds like a plane....faster than a Cheetah sniffin cocaine. Link to comment Share on other sites More sharing options...
VegasFlyer Posted May 17, 2016 Report Share Posted May 17, 2016 Oh what the heck. Let me beat Mark Bruss to the punch...have you bothered to look in the Resource Guide? That right there is funny, I don't care who you are......lol Good one Phil! John Southern Nevada 2008 Volvo 780, D13, I-Shift 2017 Keystone Fuzion 420 Toyhauler 2017 Can-Am Maverick X3-RS Link to comment Share on other sites More sharing options...
jpar19 Posted May 17, 2016 Report Share Posted May 17, 2016 We maintain excellent credit and we went through our credit union. Our interest rate is 1.99% but the term is 60 months. I didn't want to go any longer than that. The credit union didn't care if it was titled as a heavy truck or an rv. Link to comment Share on other sites More sharing options...
mrchips Posted May 17, 2016 Author Report Share Posted May 17, 2016 Big5er, obviously if I 1. knew where the resource guide was, 2. read it, 3. found my information I would not be asking here........ Link to comment Share on other sites More sharing options...
mrchips Posted May 17, 2016 Author Report Share Posted May 17, 2016 Steve in SoCal, USAA may not finance an HDT as an RV but I assure you they will finance an RV. Mine is currently financed with them and I have financed several RV's with them over the years. As for insurance, yea that don't surprise me. They don't insure RV's at all. They farm those out to Progressive typically. Well selling our coach and trying to get a five rand an HDT may not be a viable option. Appears maybe an HDT may be a bit tricky to get without a fist full of cash. Gonna have to do some research I reckon. Link to comment Share on other sites More sharing options...
I'mdonewiththis forum Posted May 17, 2016 Report Share Posted May 17, 2016 mrchips, here is the website for the Heavy Haulers RV Resource Guide Link to comment Share on other sites More sharing options...
bmzero Posted May 17, 2016 Report Share Posted May 17, 2016 My local credit union did the financing on mine. It was a breeze, but I use them quite a bit for vehicles, so there were no questions asked except the typical, "you're doing what with a semi truck???" I also had them list the vehicle type as "RV" on the title application which made it a breeze to register as a RV. I doubt larger institutions would do that. Local credit unions are essential to doing things out of the norm. Financing a commercial truck to own/drive as a private vehicle definitely qualifies as out of the norm. "Willy Mammoth" - Volvo 730, Sold Heartland Cyclone 4000 Toy HaulerT-Minus 26 years and counting to being a full timer. Link to comment Share on other sites More sharing options...
Nuke-E Posted May 17, 2016 Report Share Posted May 17, 2016 My rig isn't a typical truck tractor with a bed on it, so expect there to be some differences, but even though there's an NADA value listed, it wasn't much use. Since ShowHauler customers often bring their own trucks, the list price they've used is for the conversion, which leaves out a pretty big chunk of the initial purchase price. I also had to deal with the mileage (over 200K at time of purchase)--typical RV financing places tried to explain to me that it was all worn out. As far as insurance, look for agreed value if you can. That way the value is established when the policy is written--most insurers will accept a recent bill of sale or an appraisal (should be <$300). 45' 2004 Showhauler -- VNL300, ISX, FreedomLine -- RVnerds.com -- where I've started to write about what I'm up to Headlight and Fog Light Upgrades http://deepspacelighting.com Link to comment Share on other sites More sharing options...
GlennWest Posted May 17, 2016 Report Share Posted May 17, 2016 My credit union needed the NADA value for the truck. Financing it was never a problem, the value was. Banks don't have the NADA truck book. Dealers have it though and I have found most will get it for you. 2003 Teton Grand Freedom towed with 2006 Freightliner Century 120 across the beautiful USA welding pipe.https://photos.app.goo.gl/O32ZjgzSzgK7LAyt1 Link to comment Share on other sites More sharing options...
Big5er Posted May 17, 2016 Report Share Posted May 17, 2016 Big5er, obviously if I 1. knew where the resource guide was, 2. read it, 3. found my information I would not be asking here........ Mark Bruss does a fabulous job maintaining and updating the resource guide. It is a lot of hard work and a thankless job. You would be amazed at some of the info you can find there. So, let me give you a hand and "point" you in the right direction. (sorry for the big red pun) MY PEOPLE SKILLS ARE JUST FINE.~It's my tolerance to idiots that needs work.~ 2005 Volvo 780 VED12 465hp / Freedomline transmission singled mid position / Bed by Larry Herrin2018 customed Mobile Suites 40KSSB3 2014 smart Fortwo Link to comment Share on other sites More sharing options...
GlennWest Posted May 17, 2016 Report Share Posted May 17, 2016 Guys there is little info in resource guide that has not been mentioned here. 2003 Teton Grand Freedom towed with 2006 Freightliner Century 120 across the beautiful USA welding pipe.https://photos.app.goo.gl/O32ZjgzSzgK7LAyt1 Link to comment Share on other sites More sharing options...
mrchips Posted May 17, 2016 Author Report Share Posted May 17, 2016 Big5er, did I read somewhere that you were a LEO somewhere around Houston..........???? If so it's all starting to make sense.......lol Thanks for the assistance. I knew what you were talking about but guess I didn't put two and two together about the name. Sux to be new and expected to know everything..... Link to comment Share on other sites More sharing options...
Big5er Posted May 17, 2016 Report Share Posted May 17, 2016 If it weren't for the newbies, who would I get to pick on? BTW: welcome and good luck with the financing. MY PEOPLE SKILLS ARE JUST FINE.~It's my tolerance to idiots that needs work.~ 2005 Volvo 780 VED12 465hp / Freedomline transmission singled mid position / Bed by Larry Herrin2018 customed Mobile Suites 40KSSB3 2014 smart Fortwo Link to comment Share on other sites More sharing options...
mrchips Posted May 18, 2016 Author Report Share Posted May 18, 2016 If it weren't for the newbies, who would I get to pick on? BTW: welcome and good luck with the financing. Gotta get the coach sold first, which I don't hold out a lot of hope on. Hey I retired two years ago from 25 years in the military, picking on is fine......lol Link to comment Share on other sites More sharing options...
HERO Maker Posted May 18, 2016 Report Share Posted May 18, 2016 Guys there is little info in resource guide that has not been mentioned here. Glenn, the Resource Guide is a much faster way to find what you are looking for. Especially a newbie that hasn't kept up on all the reading it takes to follow the forum. Everyone should always look there first. Plus as new items come into focus, Mark puts them in the Guide for all to find. Just gotta do a little searching. Rocky & Sheri Rhoades '01 Volvo 770 2016 DRV Mobile Suites, HoustonHERO Makers Ministry Link to comment Share on other sites More sharing options...
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