I am looking at purchasing a new or slightly used gn horse trailer w/ 8' lq. I have excelent credit and credit score. What type of interest rates should I expect? And looking for recommendation for loan company. Also companies to stay awy from.
Posted 2007-08-17 1:15 PM (#65999 - in reply to #65993) Subject: RE: Loan rates ?
Member
Posts: 43 Location: Cheyenne,Wy
We are getting people aproved for 40,000 to 45,000 @ 180 month for around 6.5 to 7.5 % using local banks. Using some of the other financing Companies we are getting any where from 7 to 11 % for the same people. Try to stay with local bank or credit unions if possible if not we try to use companys like ETAC
Posted 2007-08-17 2:03 PM (#66000 - in reply to #65993) Subject: RE: Loan rates ?
Veteran
Posts: 209 Location: pensacola, fl
I just had a used trailer financed through Southeast Financial. I found their website through this website(HTW). I went to the local banks and they won't do trailer loans of any sort (RV,Horse,ect.) The lady said that they don't even do Vehicle loans unless you buy through a dealership. The only type of loans they do now are home equity and unsecured. So I had to do an online loan through Southeast. I have gone through them before and have been well pleased. I have excellent credit My Score is 700+ range. and my interest rate is 9.40%.
Posted 2007-08-17 6:23 PM (#66012 - in reply to #65993) Subject: RE: Loan rates ?
Member
Posts: 44 Location: Odessa, MO
Just purchased a used trailer.. My rate was 9.25% through GE.. I checked local banks and they said they would only finance for 36 months at like 12%.. Didn't want that big of payment.. Next bank was 10.5% for 4 years.. If you get a home equity line of credit you could use that and plus the interest rate is deductible... Just a thought.. I was going to do that but I found the trailer I wanted and didn't have time for the paper work to go thru.. Takes about 2 weeks for a home equity line to go thru..
Posted 2007-08-17 8:00 PM (#66018 - in reply to #65993) Subject: RE: Loan rates ?
New User
Posts: 4
Well I heard back from the bank. Got preaproved @ 5.85 25k-40k and up to 12 years for a new trailer. 51 Now the hard part, finding a new 3 horse w/ 8 foot lq under 40k. any suggestions? I live on the west coast.
Posted 2007-08-17 8:55 PM (#66025 - in reply to #65993) Subject: RE: Loan rates ?
Regular
Posts: 92 Location: oregon
we purchased a new American Spirit w/10' LQ, GN Beautiful trailer Fully insulated and finished horse area, drop windows, full shower, micro, cooktop, full-size refrigerator, dinette,ac,fau, lots of cupboards, full stainless steel rear doors, ribbed stainless along sides with white on top, rear tack, bathroom door accesses horse area, front of trailer is sprayed with armor coating, queen bed, etc. All this for 38K. We live in Oregon and this price included delivery from their plant in Indiana. Click on trailer companies on
Loan rates ?
