It’s (finally) that time of year where the weather starts warming up and those recreational vehicles can be put to use! If you’re looking for tips on getting a loan for a boat, UTV, ATV, lawn tractor, or other recreational vehicle, MMCCU is here to help.
When financing an RV, start with these steps:
- Set a budget
- Save a down payment
- Check your credit score
- Decide which type of loan you want
- Compare lenders
- Negotiate with your RV dealer
Tips for Getting a Loan (to make the process easier)
- Get pre-approved
- Talk to your MMCCU lender after you find what you want to purchase (we’ll need the serial number of your vehicle)
- Preordering? If you have to order your vehicle, we can start the loan process and lock your rate for up to 90 days as you wait for your ordered vehicle to arrive. This will lock you in at a lower rate if rates increase while you are waiting. Once your vehicle arrives or once you obtain the vehicle ID or serial numbers, we can finish the paper work and complete your loan.
Before you can get a loan, you have to know which vehicle you are buying. Once you do, we’re happy to help with the loan process!