Not too many years ago I don't think it was that difficult to puchase a horse trailer on credit with a 10 year term and I know some would sell with terms longer than that.  You could see ads for a $50,000 horse trailer and $9.00 a month payments...obviously not that low but your could buy a lot of trailer for a small monthly payment.

Some posts I have read over the last year have lead me to believe getting a loan for a trailer is much more difficult than in the past, has this had an effect on trailer values?  I wonder if it has improved the used market?  If the people that were buying the $50,000 on credit can no longer do this are they competing for the $25,000 used trailers and helping them to maintain their value?

For most of us, Horse trailers come under the term recreation or liesure vs money makng or business needs.

Toys are much easier for folks to walk away from. And I think the banks recognize this, and reflect this in their lending practices and rates. My personal opinion is that toys like horse trailers should be paid for at purchase . There was another post about Are people Over buying their horse trailer. The answer is yes since they finance it, they get the next size bigger, and more options. More of us would do with less if we paid cash for what we bought.

Just like the housing market, when the market heats up and over spends There comes a correction, which usually means a price drop.  When there is an over supply of products, more than there are consumers to purchase them, sellers usually lower prices to stimulate demand.  Manufatures are limited in how much they can drop the price and stay in business.  Raw materials still cost as much if not more than a few years ago.  So those that build new trailers can only drop so much.

Trailer owners in the market are usually ruled more by emotions than a cost of goods spreadsheet.   They need to sell for a reason, divorce, downsizing, upsizing, moving, lost jobs etc. So they are much more willing to take a loss than a manufacture is.  So my thoughts are with ths bad ecconomy, we are seeing used prices drop until the eccnomy improves and we have more buyers than sellers.

I use a local credit union for my loan needs. Right now, I was told that they would only finance me a LQ. It could be new or used but they would not finance me a GN with just a shell even if it was brand new. Now, my friend went into the same credit union and they told her that they would finance her an empty GN as long as it was brand new. LQ could be either new or used. WTH!??

I have great credit, never been late on a payment in my life! I don't owe a whole lot in other loans. But... I am not a "homeowner". I guess this makes all the difference?( My friend is paying on her home by the way.)

Painted horse, I disagree on the idea that every one should have to pay full price upfont or have nopthing at all. Ridiculous

I come from the banking side and have been in banking for 28 years and have not worked on the loan side.  I can say you can thank your government.  Regs have come down so hard in the last years that it's harder for banks to give loans and keep within what our auditors will allow.

It use to be years ago a hand shake, you'd look at your customer more knowing them and their history but now days it's "do the numbers work".  I was reading an article one day and thought the person said it well, he said "it use to be years ago you'd look at your customer and try to do anything you could to help them but now you look at can I do this and stay within the guidelines."

I work in a small town bank and we still care and try to do whatever we can as long as it's within our guidelines we're allowed to.  Banking is a lot tougher for us now days.

I don't feel women get a bad wrap, it comes down to credit history, down payment, value, income, etc. there's a lot of different factors that are looked at.  It's illegal for a bank not give a loan or give higher rates based on age, race, sex, etc.