Classic GMC Financing

[scott_milton]

Does any one know of a bank that will loan on the GMC's ? My bank will not
loan on anything over 7 years old. I found a speciality bank when I got my
plane that loaned on older aircraft, but no luck on RV's.
Thanks, Scott

 

[dave1]

>Does any one know of a bank that will loan on the GMC's ? My bank will not
>loan on anything over 7 years old.

You may want to call around. I didn't have a problem when I bought mine (it
was 15 years old). What counts is how much of a down payment you have, your
credit history and what the thing is worth. They may want to send an
appraiser (probably at your expense) to look at it. I would try smaller
local banks or, if you have one, your credit union. They tend to be more
customer oriented than the big mega-merger banks.

Dave
Ann Arbor, MI.
73 Sequoia (26'/455/EFI/HEI)

 

[wayne newland]

A very good friend of FMCA and motorhomes is GANIS CREDIT CORP 1-800-234-6550

Wayne Newland F9300 75 Palm Beach

> In a message dated 8/25/99 12:46:37 PM Eastern Daylight Time,

>
> > Does any one know of a bank that will loan on the GMC's ?
>
> Hi Scott!
> Most GMC owners are so loaded they pay cash. If you own a home, you might
> try using a home equity loan. Probably much cheaper interest rate. Then
> you could deduct interest if you itemize on Sch A..
>
> Scott NEHODA'S
> BACK YARD

 

[bartz paul]

Scott:

No need to worry about interest deduction from a home loan. A motorhome
qualifies under IRS rules as a second home with loan interest fully
deductible.

Paul Bartz

From: Adohen [mailto:Adohen]
Sent: Wednesday, August 25, 1999 12:55 PM
To: gmcmotorhome
Subject: Re: GMC: Classic GMC Financing

In a message dated 8/25/99 12:46:37 PM Eastern Daylight Time,

> Does any one know of a bank that will loan on the GMC's ?

Hi Scott!
Most GMC owners are so loaded they pay cash. If you own a home, you might

try using a home equity loan. Probably much cheaper interest rate. Then
you could deduct interest if you itemize on Sch A..

Scott NEHODA'S
BACK YARD

 

[kara m kosier]

Sometimes insurance companies have financing programs. State Farm
does, but I'm not sure who else.

- ----- Original Message -----
From:
To:
Sent: Wednesday, August 25, 1999 12:26 PM
Subject: GMC: Classic GMC Financing

> Does any one know of a bank that will loan on the GMC's ? My bank will not
> loan on anything over 7 years old. I found a speciality bank when I got my
> plane that loaned on older aircraft, but no luck on RV's.
> Thanks, Scott
>
>

 

[john wright]

Scott,
You shouldn't have any problems. I just had mine appraised and my
credit union financed the whole amount.

J.R. Wright

>
> Does any one know of a bank that will loan on the GMC's ? My bank will not
> loan on anything over 7 years old. I found a speciality bank when I got my
> plane that loaned on older aircraft, but no luck on RV's.
> Thanks, Scott