Classic GMC Financing

scott_milton

New member
Aug 9, 1999
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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
 
>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)
 
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
 
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
 
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
>
>
 
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