Southeast Financial

30th Annual Quartzsite RV Show Draws a Crowd | RV Business

Its almost RV season if you are looking for a new RV this is a great article to ready.  

30th Annual Quartzsite RV Show Draws a Crowd | RV Business.

What Is A Recreational Vehicle?

What is a Recreation Vehicle (RV)?

    Southeast Financial finances recreatonal vehicles so some of you may ask what exactly is a recreational vehicle?  We decided to go to a great source which is rvia.org and this is how their website defines a recrational vehicle.  

"A motorized or towable vehicle that combines transportation and temporary living quarters for travel, recreation and camping. RVs do not include mobile homes, off-road vehicles, snowmobiles or conversion vehicles. RVs are sold by recreation vehicle dealers."  this is a great explanation.  It talks about what Southeast Finances they specialize in Horse Trailer Loans both living quarter and non living quarter, boat loans, motor homes, travel trailers, fifth wheels, boats, and motorcycles.  

A travel trailer does not have a motor and it is pulled behind your vehicle.  It is smaller so you can pull it with your truck or your SUV.

A fifth wheel must be pulled with a truck because the hitch is in the bed of the truck.  The master bedroom is actually over the truck bed.  These are larger than travel trailers.

 Motorhomes comes in 3 main classes which are Class A motorhomes, Class B motorhomes and Class C motorhomes.  

Class A motorhomes are the largest motorhomes and usually the nicest.  These are motarized motorhomes.  These are good for long vacations or short trips.  

Class B motorhomes looks like a van but its roof is raised up more and has more headroom than a van.  These are self contained though they usually have a sink, fridge, hot water, air conditioner etc...

Class C motorhomes are similar to class A motorhomes but on a much smaller scale and they do not cost as much as a Class A motorhome.  

A horse trailer is a trailer used to transport horses.   Southeast finances these with or without living quarters.  According to Wikipedia "There are many different designs, ranging in size from small units capable of holding two or three horses, able to be pulled by a pickup truck or even a SUV; to gooseneck designs that carry six to eight horses, usually pulled by 1-ton dually-style pickups; to large semi-trailers that can haul a significant number of animals."

A boat according to Google is" A small vessel propelled on water by oars, sails, or an engine."

A motorcycle according to Google is "A two-wheeled vehicle that is powered by a motor and has no pedals"

 

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rv loan process once approved

rv loan process once approved

Once I am approved for the rv loan, what documents do you require to finalize the loan?

. Upon approval, we will require

• title (copy of front and back )

• seller contact Information (name, address, phone #)
• lien pay-off (as applicable)
• copy of all applicants’ driver's license
• proof of full coverage insurance with a minimum of $500 deductible
• other documents from Southeast Financial
• proof appropriate lien holder information will be recorded 

Another question we get asked alot is 

How lengthy of a term can I get a rv loan for?

A. The terms will differ dependent upon the unit selected, amount you request to finance and credit profile. Typically on a RV, financing above $25,000.00 you can receive up to a 180 month term (15 years) in some cases extended terms maybe available. If you financing rv over $10,000.00 you can receive up to a 120 month term (10 years) and in some cases extended terms maybe available.

How much down payment is required?

A. With the fluctuations in today's economy and market, more times than not the lenders are demanding a minimum of 10% down on new units, but with excellent credit there are some no-money down programs available. 

Types of RV’s:

Travel Trailers

Heavier units with rigid sides designed to be towed by most vehicles by means of a bumper or frame hitch.

Fifth Wheel Travel Trailers

Designed to be towed by a pickup truck equipped with a special hitch in the truck bed.

Campers

Campers of all types, excluding folding or "pop-up" camper trailers with sides that collapse for towing and storage.

Motorhomes

 

 

financing rv advice and tips online

Finance RV Advices

Don’t “over” shop your credit at too many places.

Don’t fill out requests at several business organizations and have all of them scrutiny into your credit history. Doing so can make you look distressed and lower your credit score—particularly if you yield to requests to 10 or 20+ institutions.

Note that Southeast Financial runs your credit report but with our 14 years of experience, we are well-informed in make sure that only the best few bank option(s) are communicated which make certain that your credit score will not be harmfully impacted.

Make sure that you have a reasonable debt to income ratio.

Your debt to income ratio (DTI) is a crucial gauge of your true monetary picture, and it is absolutely the lending industry's amount of fiscal health. Your debt to income (usually household) ratio is intended by dividing monthly minimum debt payments (excluding mortgage or rent, utilities, food, entertainment) by monthly gross income. For example, someone with a gross monthly income of $4000 who is making minimum payments of $1600 on debt (loans and credit cards) has a debt to income ratio of 40% ($1600 /$4000 = .40). If your debt ratio is typically under 40% you’re usually in good shape with most lenders (whose formulas vary). Some lenders will include your home mortgage but raise the acceptable ratios, and others do not. While variations will result in different percentage outcomes, the overall concept is the same: a debt to income ratio compares debt load to income.

Be able to put at least 10% down on your purchase.

This is not a requirement at Southeast Financial but it does help. 

Almost all banks that finance RV and trailers require at least a 10% down, and very few do 100% financing. It’s almost an immediate red flag in getting a reasonable loan—or any type of loan--if you cannot pay at least 10% down on the purchase price. And watch out for credit rip-offs that deferred payments—you’ll end up paying a LOT more for such rv loans.

More questions about finding the best loan for the motor home, RV loan , camper, horse trailer loan, boat financing or motorcycle that you want to buy?

 

 

RV loan Calculator How Important They Are

RV Financing Calculator - Let It Help You In Your New Recreational Purchase!
What Is an Recreational Financing Calculator?
An Recreational financing calculator is a tool that helps you, the Recreational buyer, determine what payments are interest rates fit well with your budget . The loan calculator is easy to use , and is the most best tool a Recreational buyer can use on his/her own as a consumer. An rv loan calculator can help you no matter what type, style, or make of recreational vehicle you are thinking about buying - Class A, Class B, Class C, travel trailers, toy haulers, horse trailers, fifth wheels,motorcycles.

It's Free And Easy Why Not Use It!
Most of the time, you will be able to find a Recreational financing calculator on the internet for no charge. By looking at Recreational dealer websites, or other recreational vehicle financing sites, you will find the Recreational financing calculator there for you to use. The Recreational financing calculator is there to help you in determining your budget limits. You will enter different interest rates, down payment options, and desired monthly payments into the Recreational financing calculator to see what matches your budget's needs. The Recreational financing calculator is a awesome on-line tool to use, especially since buying a Recreational unit can seem to be an overwhelming experience. This helpful tool will keep you looking at Recreational units, choosing options, and working with a loan officer that are all well within your budget. The Recreational financing calculator will ensure your monthly payments are real and within your pocketbook.

You will need to know the loan amount you are requesting.
What are the interest rates you are being offered or are seeing on the internet for Recreational sales?
What is your desired monthly payment?
What is the dollar amount, if any, that you can put down on the recreational vehicle as a down payment?
Do you want to purchase Recreational insurance, a warranty, or extended Recreational warranty on your new or used motor home?
Does the state/city where you live/where the Recreational will reside/ where you are buying the Recreational have any mandatory taxes, such as sales tax?
Where Do I Find This Instrument And When Do I Use It?
The recreational vehicle financing calculator can be found on-line at websites that refer to motor home or RV financing, as well as RV dealership websites. The form will vary from site to site, but you should use the tool BEFORE going in to purchase or refinance an RV. This gives you, the buyer, advantages. You have definite numbers that are accurate in your head regarding your new or used RV purchase. You can tell this to the loan officer and/or dealer, which gives you a strong communication level and make the purchasing process efficient.

How to Finance a rv

How to Finance a rv.
If you want to buy a rv, horse trailer, boat or motorcycle, you may have to finance your purchase with an RV (recreational vehicle) loan. These loans often have different rules from other loans. Southeast Financial req...

uires you to take out a minimum loan of $7,500 or $10,000 for boats and motorcycles, the lending requirements will be different than cars and homes due to the fact that they are categorized as luxury items. Despite these differences, financing a rv with an RV loan does not have to be stressful. Call 866-900-8949 for more information.

www.southefinancial.com

Southeast RV loans Something For Everyone

RV Financing for all people

 

For those thinking of acquiring a recreational vehicle (RV),|right now there are numerous RV Financing possibilities to chose from. regardless of whether you are fascinated , RV loans or some other type of motorhome financing, being mindful of all of your options is crucial in order to get the several from your money.

 

 Know Your Motorhome Financing Options!

Why shell out money on hotels that you will never get back, when you can spend in a recreational vehicle that you can own and use for years. possessing your own RV lets you get out on the open road guaranteed that you always have a good, clean place to stay -- no matter where you go!

 

When it comes to RV financing, don't come to feel that you are committed to your local bank, local RV dealer, local savings & loan when you are looking for easy RV loans. The internet permits you to find the best RV loans at the greatest RV financing rates. 

 

Among the types of motor home loans available are: new RV loans, used RV financing, guaranteed RV loans, and long term RV loans. And no matter what your RV financing specifications are, you can visit the RV Financing Now web site will be working to help you find the best lenders for RV loans.

 

 

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Fifth wheel financing

Fifth Wheels What Are They?

A fifth wheel is designed to be attached and towed by a pickup truck with a special hitch in the truck bed. These units, with two levels, provide the best experience of most towable RVs. The fifth wheel provides all the comforts of home and is perfect for the weekend getaway, a family vacation or even full time RV living.

A fifth wheel can range in length from 21 to 40 feet. An average cost (without the tow vehicle) is $23,800, with models ranging from $12,800 to $97,000. Depending on the floor plan that you select, you can sleep up to 8 people in a fifth wheel.

Features:

• All towables, including the fifth wheel, can be detached from the tow vehicle at the destination. The tow vehicle is then available for traditional uses like errands, and short excursions.
• The unique two levels of the fifth wheel put the spacious master bedroom suite over the truck bed. This allows more room for family activity in the living space of the unit. Many units include large pictures at the rear offering a panoramic view.
• The majority of fifth wheels today offer at least one slideout. With the touch of a button, the slideout moves a portion of the RVs exterior wall out to enlarge the living, dining, sleeping or kitchen area. The slide is like an addition on your home.
• Towing a fifth wheel requires a properly equipped and compatible full size pick up truck (or custom tow vehicle). You must match the weight of your trailer with a vehicle which has the correct towing capacity. (Please consult with your dealer for specifications.) GOOD LINK TO THE TOW GUIDE
• New, lightweight fifth wheels are designed to be towed by smaller trucks. Call Southeast financial today for rate and terms on your fifth wheel financing 866-900-8949

RV and Motorhome Loans

More Americans are touring the country in an RV. And why not? The modern RV allows retirees and young families alike to travel without giving up the comforts of home—and typically for far less money than a family of four would spend on airfare and hotels.

If you’re ready to hit the road in an RV, Southeast Financial can help get you rolling with a range of flexible RV and motorhome loans.

Whether you’re making a new purchase or used RV, Southeast Financial can provide options and terms that fit your budget. We offer a variety of great rates and terms for RV and motorhome loans nationwide.

Apply for a RV loan online or by calling a Southeast Financial RV loan specialist at 866-900-8949.

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Rates and Terms have not been this great in years

There's no better time to buy an RV,horse trailer, boat, or motorcycle! You've searched and researched and you've found the RV,horse trailer, boat, or motorcycle of your dreams! Whether it's new or used, the question now is how can you afford to make that dream a reality? The answer: by financing your purchase with terms that make it affordable for most every budget.

One-Stop Finance Shopping

We have available financing through one or more major lenders and would be happy to help your purchase dream come true. Our in-depth knowledge will make the process go that much smoother. Call us today 866-900-8949 www.southefinancial.com

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