Financing
Questions
Chief's RV Center offers financing
for our customers. We have a multitude of local and national
lenders that specialize in recreational vehicle financing.
Below are some questions and answers you may consider
regarding your purchase.
- Is no money down financing available?
Yes! No money down financing is available. However banks
will consider your credit rating and the unit being purchased
in their decision making process.
- Can I delay or defer the first payment due date?
Yes! In most cases you may defer your first payment up
to ninety days without incurring an interest rate increase.
In some instances, longer deferment periods are possible.
- Is it possible to "Right Off" the interest pay on an
RV loan?
Yes! The government requires that the RV be self-contained
and you are not currently deducting interest on a second
home. Please consult with your tax specialist for verification
and how you may benefit.
- What will my interest rate be?
Interest rates usually depend on the following factors:
Credit Rating - Excellent credit may
lower the rate.
Down Payment - Lenders usually require
10% down.
Balance of Loan - A higher balance
may lower the rate.
Term of Loan - Longer terms may lower
the rate.
- How long may I finance my purchase?
RV lenders have a wide range of term possibilities. Terms
may range from as little as thirty-six months to, in some
instances 240 month terms. Terms may be dependent on your
credit history and the amount be requested..
- Are there any added fees associated with
utilizing one of Chief's RV preferred RV lenders?
No! We provide financing options for our customers as
a matter of service and convience.
- I have less than perfect credit. Can I still get financing
for an RV purchase?
Yes! We have lenders that specialize in those that may
have credit challenges. You may be
subject to larger down payment requirements, term restrictions
and higher interest rates.
If you have further questions regarding financing, please
contact our Finance Manager at 1-800-345-1819. Or you may
email the Finance Department here.
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