Journey with Confidence RV GPS App RV Trip Planner RV LIFE Campground Reviews RV Maintenance Take a Speed Test Free 7 Day Trial ×
 


Reply
 
Thread Tools Search this Thread Display Modes
 
Old 05-27-2016, 02:43 PM   #1
New Member
 
1979 31' Sovereign
Currently Looking...
monroe , Washington
Join Date: May 2016
Posts: 1
Getting a loan for older Airstream, Is it possible?

I found a 34ft 1979 Avion trailer that is renovated that I am trying to get a loan for and it's tricky!

Are there any recommendations on where to get a loan for an older year trailer?
Or maybe links to RV dealers that buy and sell older Airstream type trailers... Someone I could get a higher quote from then on the NADA guides...

Thank you for your help.
Jennica777 is offline   Reply With Quote
Old 05-27-2016, 03:11 PM   #2
Rivet Master
 
1976 31' Sovereign
Oswego , Illinois
Join Date: Jan 2007
Posts: 1,996
Blog Entries: 1
If you belong to a credit union they will some times work with you.
featherbedder is offline   Reply With Quote
Old 05-30-2016, 09:06 AM   #3
Rivet Master
 
Dan and Liz's Avatar
 
1987 25' Sovereign
Fort Collins , Colorado
Join Date: Jan 2010
Posts: 560
Home equity loan?
__________________
Alumacoot

“We are confronted with insurmountable opportunities.”
Dan and Liz is offline   Reply With Quote
Old 09-26-2016, 07:11 PM   #4
Rivet Master
 
carl2591's Avatar
 
2005 31' Classic
Garner, , North Carolina
Join Date: Oct 2012
Posts: 1,008
what we found when we were buying a 2005 unit was most banks will only finance up to 7 yrs old and most will not finance RV or mobile homes.

The best way is to get a home equity loan if possible and use that to buy the unit. something old as what you are looking for it will be tough at best to impossible.

good luck
__________________
Carl, Raleigh NC
2-24-16 got a 2005 Classic 31D 460 watts solar, lithium 230 AH, 16" LT's, pulled by:
2003 F-250 SD, CC, 7.3L PowerStroke
WBCCI#1691, Piedmont Airstream Club, Unit #161, Region #3
carl2591 is offline   Reply With Quote
Old 09-27-2016, 06:34 AM   #5
Rivet Master
 
AWCHIEF's Avatar
 
2006 23' Safari SE
Biloxi , Mississippi
Join Date: Nov 2011
Posts: 8,278
Images: 33
My credit union assisted me in my time of need.
__________________
MICHAEL

Do you know what a learning experience is? A learning experience is one of those things that says "You know that thing that you just did? Don't do that."
AWCHIEF is offline   Reply With Quote
Old 09-27-2016, 06:50 AM   #6
Rivet Master
 
tjdonahoe's Avatar
 
2013 31' Classic
billings , Montana
Join Date: Feb 2010
Posts: 3,352
If you need to borrow money on an rv , you don't need it, my opinion....
tjdonahoe is offline   Reply With Quote
Old 09-27-2016, 07:51 AM   #7
4 Rivet Member
 
2021 16' Bambi
2021 22' Bambi
Currently Looking...
North Port , Florida
Join Date: Mar 2007
Posts: 331
Lightstream has worked for me multiple times.
cliffcharb is offline   Reply With Quote
Old 09-28-2016, 06:34 AM   #8
Rivet Master
 
carl2591's Avatar
 
2005 31' Classic
Garner, , North Carolina
Join Date: Oct 2012
Posts: 1,008
true, but for most folks not a real option especially with a 60K (+-) used TT. I guess that was not an issue for you which must be nice.

In our case we got a home equity loan to get the RV because the deal came up before we sold the investment property we have, which when sold this month, will pay off the RV loan.

different ways to do stuff. The interest on HE loans at 8.5% is deductible as well. WIN WIN..

Quote:
Originally Posted by tjdonahoe View Post
If you need to borrow money on an rv , you don't need it, my opinion....
__________________
Carl, Raleigh NC
2-24-16 got a 2005 Classic 31D 460 watts solar, lithium 230 AH, 16" LT's, pulled by:
2003 F-250 SD, CC, 7.3L PowerStroke
WBCCI#1691, Piedmont Airstream Club, Unit #161, Region #3
carl2591 is offline   Reply With Quote
Old 09-28-2016, 07:32 AM   #9
Rivet Master
 
r carl's Avatar
 
Vintage Kin Owner
Lin , Ne
Join Date: Dec 2009
Posts: 2,430
Quote:
Originally Posted by tjdonahoe View Post
If you need to borrow money on an rv , you don't need it, my opinion....
I think you mean, you cant afford it. I think that way about a personal car too.
__________________
The higher your expectations the fewer your options.
r carl is offline   Reply With Quote
Old 09-28-2016, 07:40 AM   #10
Rivet Master
 
1976 31' Sovereign
Oswego , Illinois
Join Date: Jan 2007
Posts: 1,996
Blog Entries: 1
One of reasons I'm keeping my 1976 AS. Pd cash when pur. new, now value much more than sticker price in 1976 other reason to old for new, also only pur. new auto or pu if 0% for life of loan, then keep till worn out or to exp. to fix
featherbedder is offline   Reply With Quote
Old 09-28-2016, 08:11 AM   #11
4 Rivet Member
 
Alluminati's Avatar
 
Vintage Kin Owner
St. Louis , Missouri
Join Date: Jul 2016
Posts: 414
Images: 3
Yes we can afford it, but the trailer showed up while our cash was busy working elsewhere.

Our credit union gave us a signature loan at 9%.

We expected to pay it off in <6 months, but within weeks we got a 0% credit card offer with 2% transfer fee. Done.
__________________
The Morgans
1989 Avion 34VB
Alluminati is offline   Reply With Quote
Old 09-28-2016, 08:12 AM   #12
Full Time Adventurer
 
BoldAdventure's Avatar
 
2007 27' International CCD FB
Nomadic , USA
Join Date: Jul 2013
Posts: 2,748
Quote:
Originally Posted by r carl View Post
I think you mean, you cant afford it. I think that way about a personal car too.
I always love the wanna be financial advice of poor people who do everything in cash and always think they're superior to others. These degrading comments are not necessary.

Congratulations you paid for things in cash. Now try coming up to the next level of financial independence and stop giving others your regurgitated Dave Ramsey advice.

A lot of us who are more successful in life like to use leverage rather than tie our own money up in depreciating assets. Leverage is a powerful wealth creating tool. And liquidity is an asset.

We all understand you don't agree, but try not putting others down when they are seeking advice because you disagree.

---

Re: Credit Unions are a good place to look. But as others stated, you might not be able to get a collateral loan for something older than 7 years. In which case you could try for a personal loan. Which will depend heavily on your credit.

For average people that tops out between 10-12k. If you have excellent credit, you should see upwards of 20k or more personal. Bigger amounts will depend on savings or income.

This has been my experience.
__________________
Family of 5 exploring the USA with a Ram Power Wagon & Airstream in tow.
OUR BLOG | INSTAGRAM
BoldAdventure is offline   Reply With Quote
Old 09-28-2016, 08:57 AM   #13
4 Rivet Member
 
NWGetaways's Avatar
 
2012 22' FB Sport
2003 19' Bambi
Port Townsend , Washington
Join Date: Aug 2015
Posts: 278
The cost of interest on your Airstream (or car!) pales in comparison to the depreciation costs.

Thanks to you all who buy new, you're saving those of us who buy used a fortune.
NWGetaways is offline   Reply With Quote
Old 09-28-2016, 09:20 AM   #14
Rivet Master
 
rideair's Avatar
 
Join Date: Sep 2004
Posts: 1,645
It use to be:

"It's not the man who dies, but the man that dies with the most toys, is who wins"

In todays world:

"It's not the man who dies with the most toys, but the man who dies with the most toys "that are not paid for" is who truly wins!"

"Old Money Folks" have a rule of paying cash for all of their toys, "New Money Folks" I find like to leverage to purchase toys. The difference becomes when the bottom falls out of the economy, "Old Money Folks" are still playing with their toys, the "New Money Folks" their toys are sitting in the bank parking lot for sale.

Enjoy,
__________________
Paul Waddell
rideair is offline   Reply With Quote
Old 09-30-2016, 08:03 AM   #15
Rivet Master
 
tjdonahoe's Avatar
 
2013 31' Classic
billings , Montana
Join Date: Feb 2010
Posts: 3,352
Quote:
Originally Posted by rideair View Post
It use to be:

"It's not the man who dies, but the man that dies with the most toys, is who wins"

In todays world:

"It's not the man who dies with the most toys, but the man who dies with the most toys "that are not paid for" is who truly wins!"

"Old Money Folks" have a rule of paying cash for all of their toys, "New Money Folks" I find like to leverage to purchase toys. The difference becomes when the bottom falls out of the economy, "Old Money Folks" are still playing with their toys, the "New Money Folks" their toys are sitting in the bank parking lot for sale.

Enjoy,
Yes we seen what happened the last time the stock market dropped, and and when the oil boom went bust, been there and done that, just my 2 cents worth, enjoy....
tjdonahoe is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
VA Home Loan Airstream? Philip34 Member Introductions 8 09-12-2021 01:57 PM
Rivet Shaver loan/rent? Boondocker Ribs, Skins & Rivets 6 07-16-2009 01:15 AM
Airstream On Loan kjohnsonmi Member Introductions 4 09-23-2007 08:22 PM


Featured Campgrounds

Reviews provided by

Disclaimer:

This website is not affiliated with or endorsed by the Airstream, Inc. or any of its affiliates. Airstream is a registered trademark of Airstream Inc. All rights reserved. Airstream trademark used under license to Social Knowledge LLC.



All times are GMT -6. The time now is 03:48 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.