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.
Can I use my own lender?
-Yes. We prefer you use one of ours. Outside banks can take longer to finalize which could tie up you picking up your trailer. Since each outside lender is different and may require things outside of normal protocol it is easier for both you and us to "one-stop shop" with us. If you still decide you prefer your own lender please communicate that to your salesman so we can be proactive in getting what we need.