RV Financing in West Tawakoni, TX
How will my interest rate be determined?
-The main factor in determining your interest rate is your credit score. The lower your score, the higher the rate. Some lenders will give a better rate with more money down, if the trailer is newer, if you finance more, or change terms. A finance specialist can go over what options are available to you.
What is required for a down payment?
-Most lenders require 10% down. This can be cash, card, or trade value. In some cases, the lender may require more than 10% down. A couple of lenders offer $0 down programs. If you plan to finance with $0 down we recommend getting a pre-approval to know if you will qualify.
What documentation is needed?
-All lenders require you to have a current photo ID and to obtain full coverage insurance on the trailer. Depending on your credit situation a lender may require proof of income, proof of residency, or other identifying documents like a birth certificate or social security card.
