Posted 2009-10-24 4:14 PM (#112335 - in reply to #112331) Subject: RE: Financing on LQ trailer
Extreme Veteran
Posts: 447 Location: cedar rapids iowa
Depends greatly on your credit. Some people say it is hard to get a loan on a trailer.
I went to my regular bank and am paying 7.25% on a trailer I just bought this summer.
My last trailer I financed through the trailer dealer just to make it easy and I paid around 10%. Will always go to my bank from now on.
Posted 2009-10-26 10:25 AM (#112413 - in reply to #112331) Subject: RE: Financing on LQ trailer
Member
Posts: 11
its harder to get a trailer loan... must have good credit..
we're selling a second trl we have an 07 elite 12'LQ and have a friend at hart dealership that said he can get it finianced to us for someone..
rate will depend on your credit,etc..
r
Posted 2009-10-26 10:34 AM (#112416 - in reply to #112331) Subject: RE: Financing on LQ trailer
Veteran
Posts: 197 Location: MT
I work at a bank and depending on your credit depends on your rate. Also depends where you go. You going to just your normal bank or going to a credit union. Anywhere you go be prepared to put 10-15 percent down and your rate will probably be 5-10 percent interest.
Posted 2009-10-30 6:17 AM (#112595 - in reply to #112331) Subject: RE: Financing on LQ trailer
Elite Veteran
Posts: 690 Location: missouri
In this economy, it might be a good idea to pay cash for any luxury items...but if you need to use credit, be certain that there are no demand clauses in the note, and that everything is crystal clear before signing. Sometimes the terms are pretty ambiguous and you can get a nasty surprise if anything goes "sideways". I also remember how hard it was to wait for some things I couldn't really afford. Get your best deal, don't salivate when you are at the bargaining table. Good Luck to you!
Financing on LQ trailer
