Ex-Finance Manager Reveals RV Dealer Secrets You NEED TO KNOW!

[@EndlessRVing]

For more information about RV financing go to: www.intorv.com/endless

[@sherriweber7105]

Thank you Izzy and MJ for bringing this information. It’s very much needed for Rvers. Especially first buyers like me if I was to go and get an Rv. I’m glad to see that there’s someone out there that’s willing to be loyal to customers and someone that cares for the consumer. Thank you so much Izzy and MJ!

[@EndlessRVing]

Our pleasure!

[@IntoRV_Recreational_Financing]

We’re so glad you enjoyed the video!

[@freedomontheloose]

Thanks for sharing this information! You two are awesome by providing so much information from different angles concerning the whole RV world. Thank you!

[@EndlessRVing]

Our pleasure! Glad you liked it. 👍

[@IntoRV_Recreational_Financing]

Happy you enjoyed it!

[@danwilliams465]

What a great service. Definitely at the mercy of the dealership because most local banks don't offer RV loans. I wish I had known this last year.

[@EndlessRVing]

We wish we knew also!!

[@davidhannan2023]

Thank you! Thank you! Timing on this video is perfect. I’ll be contacting him next week. You guys are a blessing!

[@EndlessRVing]

Awesome, good luck!

[@teresaworthley2368]

We were just saying the same thing!! Timing is great!

[@Ohthereshegoes]

Perfect timing for sure!

[@IntoRV_Recreational_Financing]

@@teresaworthley2368 Talk soon!

[@shirleybrinker4503]

Really enjoyed his presentation and respect him. As a retired mortgage loan originator I appreciate what he is doing for the buyers of RV’s especially the first time buyers…..I hope this video makes a lot of buyers aware of this opportunity to deal with someone that is not only knowledgeable but actually CARES…..Thanks MJ and Izzy

[@EndlessRVing]

Thanks so much Shirley!

[@IntoRV_Recreational_Financing]

THANK YOU! It’s a blessing to take this private and be on the same side of the desk as consumers and I’m so glad you get it!

[@King-hl9vp]

Thank you for sharing with us. Good financing options

[@EndlessRVing]

Our pleasure!

[@IntoRV_Recreational_Financing]

Thank you!

[@travismull944]

Wow! Saving this video so I can reach out when we’re ready to purchase.

[@EndlessRVing]

Great!

[@IntoRV_Recreational_Financing]

Save it, share it, we are here for ya!

[@Tom.and.Missy.Northam]

Awesome information for anyone looking to finance. Great job on the interview, really good questions and answers. Thanks for sharing !!

[@EndlessRVing]

Our pleasure Tom!

[@annamaral5196]

Definitely going to call him. We want the Super C which is not cheap. BUT we want to sell our house first so we can put a chunk down. Listening to him mention the full time loan makes us want to talk with him and see our options. Thank you for sharing this and his info. Much appreciated. 😊

[@EndlessRVing]

Would definitely talk to him before selling your home.

[@IntoRV_Recreational_Financing]

Thanks for the comment (on behalf of Izzy and MJ...) I'm going through all of the inquiries of the last few days and yours may be in there if sent over already! I'd love to chat with you about your questions ASAP before you pull any triggers! Talk soon - Chris

[@Banagal]

Thanks for sharing this financial information. Well done.

[@IntoRV_Recreational_Financing]

I appreciate it!

[@LonestarBiehl]

Super informative vid. You guys are great and this was awesome. Thank you as always.

[@EndlessRVing]

Thanks! Glad you enjoyed the video. 👍

[@IntoRV_Recreational_Financing]

We're glad you liked it!

[@bodriver9719]

Great info. We are just starting our search for a coach. This is really helpful info. Thanks!

[@IntoRV_Recreational_Financing]

Happy to help when you're ready!

[@xe9ys]

Very informative video!

[@IntoRV_Recreational_Financing]

Glad you enjoyed it!

[@barbaragrazerrobinson1207]

Fabulous video. Excellent company. God Bless his mission to help is greatly appreciated

[@EndlessRVing]

We agree he’s doing a great thing!

[@IntoRV_Recreational_Financing]

Thank you so much!

[@Ohthereshegoes]

Amazing info! So glad I have this option now! Excited to reach out to him for help!

[@EndlessRVing]

Glad it was helpful!

[@borabora4480]

Financing a RV is not different from financing a vehicle or home. Do your research ahead of going to a dealer, determine your best financing deal and compare to dealer option. Of course, first determine what you can afford. No different with buying a car. A financing broker is more convenient, but the $ value depends on the BUY rate versus the rate you would be paying. The interest rates may be higher but the process is the same. Buyers better understand depreciation. Some manufacturers may offer their captive lender arm. Lenders always are lookng to manage risk exposure.

[@terryreaves679]

Thanks for sharing. Very informative.

[@IntoRV_Recreational_Financing]

Thank you!

[@EndlessRVing]

Glad it was helpful!

[@heilwoodworkingandmore1892]

Great information. Saving Chris's contact info for future use on our next purchase.

[@EndlessRVing]

Sounds good. Good luck!

[@IntoRV_Recreational_Financing]

Thank you!

[@captjim97]

Great info !!!!

[@IntoRV_Recreational_Financing]

Thank you!

[@EndlessRVing]

Thanks Jim!

[@moepassley6780]

Great info. Thank you.

[@EndlessRVing]

Our pleasure!

[@IntoRV_Recreational_Financing]

@@moepassley6780 glad you enjoyed it!

[@betterwithrum]

Really helpful, didn’t know about this. We had the same experience at the dealership where they didn’t really help us find the best deal. I asked if putting more money down would help, they said no. Hmmm. The rate was fine so we didn’t fight it. I’ll be using Chris for sure when we replace our RV.

[@IntoRV_Recreational_Financing]

Glad you enjoyed it! Thank you!

[@Amie9176]

I have a 778 FICO, decent SS income, will put $5k down, will have no debts. I’m looking at the Cruise America 24’ which will cost between 33-38k.

[@marytroche984]

Thanks for the information! We have been looking to purchase what would be our first RV together so we will be checking his service out!

[@IntoRV_Recreational_Financing]

I’m here! Glad you enjoyed the video!

[@brianmorrill7298]

Great video. I will use Chris's service this year when I purchase my new Riverstone.

[@EndlessRVing]

That's great. You won't be disappointed! Good luck with your Riverstone.

[@IntoRV_Recreational_Financing]

Please just don't tell my wife because she's obsessed with the Riverstone. I'm happy to help!

[@ADONAIsays-so]

Great info and this could be really helpful service. We may just try it out. Thanks

[@EndlessRVing]

Keep us posted!

[@IntoRV_Recreational_Financing]

We’re here for ya!

[@davesandler3743]

great presentation. wife and i are finally empty nesters, looking to buy our first RV at the Hershey show next month. We're interested in the Coachmen Prism 24MBE. Two dogs, love the idea of a washer/dryer, and in that form factor, looks like you get decent value.

[@IntoRV_Recreational_Financing]

@@davesandler3743 I would love to chat with you!

[@EndlessRVing]

Good luck!

[@jtoepke9763]

Great video & great information. I think some financiers are not interested in getting the buyer the best Tate and some maybe don’t even know to look for the best rate. I also think many buyers don’t know what questions to ask and assume the seller will do good. One month ago I went with my brother to get financing for a private sale TT. While there I learned that when a lender does a “hard credit check” it lowers your credit score. They did not say how much points. This INTORV service could be very valuable just learning what questions to ask. I have not heard of this service unti this video. Thank you ERV you did good.

[@EndlessRVing]

Thanks and glad we could pass on the info. 😊

[@michealtanner4280]

No I did not know I love this service

[@IntoRV_Recreational_Financing]

Glad to be here for you!

[@EndlessRVing]

Glad to hear that. 👍

[@robertbilger5794]

I was hoping to purchase a new/used travel trailer but I'm kinda gun shy due to the lack of quality in the building of them. I don't want to sign my life away to buy one & then have it broken down and in the shop more than on the road!!! I want one with the ability to boondock, lots of solar with a large inverter from the factory. Looked at the Go Play series campers, just don't know if they are built good enough or not!😢

[@IntoRV_Recreational_Financing]

@@robertbilger5794 I would love the opportunity to discuss what you’re looking for

[@Jesusfreakmama74]

We bought an new 2024 Entegra Xl in December and took one small trip and been in shop 4 1/2 months!!!! Have heard RVs are what they used to be since covid!!! So horrrible making payments…. Carrying insurance for something we can’t use!!!!’

[@EndlessRVing]

So sorry to hear that. :(

[@IntoRV_Recreational_Financing]

Gosh I’m so sorry! Do you have good contacts for this? I may at least be able to help you with getting these issues into the right hands.

[@EarlBalentine]

Great video guys. I once had a dealer said to finance my new motorhome that the interest rate would be 7% but if I was to buy into their extended warranty I could get a interest rate of 6% so it was like getting the extended warranty for free that I would be stupid if I didn't do the deal. (2019). I have one question for the finance guy. Is the interest rate different for different classes of RV's, example Motorhome would;d be a higher interest rate than a travel trailer?

[@IntoRV_Recreational_Financing]

I hate hearing this! It’s actually illegal to tie product to a rate, and reality is they just decreased their rate markup to get the product profit instead. Interest rates don’t necessarily tie to the RV class, but the dollar amount does influence the rate which of course certain classes land in higher or lower brackets.

[@missouritravelers]

You get upside down fairly quickly the way RV s depreciat

[@IntoRV_Recreational_Financing]

Unfortunately, this is more common than it should be especially after the pricing inflation the industry went through over the last handful of years! Because we consult along the way we express heavily different options and angles for consumers to consider, where a traditional dealer only cares to write the loan as quickly as they get an approval.

[@davesandler3743]

@@IntoRV_Recreational_Financing Just submitted my info to you. Look forward to a consultation before the Hershey show next month.

[@IntoRV_Recreational_Financing]

@@davesandler3743 Received. As soon as I get to it I’ll give you a shout.

[@kradwonders]

Looking to buy an older high quality motorhome such as a Prevost, Country Coach or similar.

[@kathyhathaway8823]

A question that would have been helpful would have been. For a person looking for say a older camper what is the oldest year would they be able to get a loan on a camper or is there restrictions on age . Just a thought. Good information video. Thanks

[@EndlessRVing]

Chris would be happy to answer that question

[@lucylleras8645]

I had the same thought. Is the rate also contingent on age of the RV

[@IntoRV_Recreational_Financing]

For diesel motorhomes, top tier buyers can receive financing as far back as 20 years with some of my lenders. For gas motorhomes and towables however, lenders tend to stay within 8-10 years old on average. As far as rates, there are some lenders who charge an increase in interest rate based on age and others who don’t. Those up charges vary which is why knowing each bank’s playbook while consulting is more important than ever for the best interest of our clients!

[@trumpetlaura9754]

What if you want to buy a Leisure Van and they have a 2 year wait list?

[@roydavis2242]

Do someone financing on a RV that is over a certain age have a higher interest rate? I heard a salesman tell an older couple that it's harder to get them approved.

[@EndlessRVing]

not sure but that is a great question for Chris

[@IntoRV_Recreational_Financing]

It’s true there may be certain lenders with a rate adjustment when it comes to age; however, not all have those adjustments. Some are minimal and some may be more of an increase. Knowing the lender policies and guidelines is key. If you overheard a salesman saying it; it’s likely they only were sharing the part most beneficial to their pitch rather than actual lender policies or guidelines.

[@brentfulton5209]

I say yes to doing more vids like this, but please don't stack questions.. MJ you asked a question then immediately getting izzy with it asked a question about selling your house, how will affect/effect your chances of getting a loan... I plan to sell my house and go FT in a 5th wheel but should I get the 5th wheel first then sell? I don't think the guy fully answered that question... or am I missing something?

[@just.bob.j]

What are the fees for his services? Is it a flat fee or does he get a % of the loan?

[@IntoRV_Recreational_Financing]

Loan origination fees vary between $499-899 which can be financed in or paid in cash at closing. If it’s a private party transaction most lenders require a collateral inspection that costs $249 but it’s bank dependent. All consultation and pre closing is done at no cost regardless of what happens!

[@just.bob.j]

@@IntoRV_Recreational_Financing ok, thank you. Sounds reasonable.

[@RickandDarcirvadventures]

With high interest rates is there places out there that you can refinance a loan for a motorhome when the rates drop?

[@EndlessRVing]

Yes with Chris

[@RickandDarcirvadventures]

@@EndlessRVing Thank you. I found his website and sent him a message

[@barbaragrazerrobinson1207]

I find an rv do I tell the dealer I have my own finance. Then negotiate the price then contact Chris or contact Chris then go find an rv What is his fee Thank again

[@EndlessRVing]

Contact him first.

[@brad_neal]

Always get pre approved from another lending source, and know going in their interest rate prior to sitting down with one of these loan sharks.

[@IntoRV_Recreational_Financing]

We absolutely encourage everyone to make sure they get the best out there. Of course I can only guarantee my own process and one on one ability to help folks, offering the lowest rates however comes with time, relationships, experience, and the list goes on. Appreciate your input of course!

[@joycewilson8513]

You will get to use Chris to finance that coach that Izzy said he might have to start making payments again 😂😂 sorry but I just like messing with you on that. We're good. Jersey Strong!

[@EndlessRVing]

🤭

[@CarrieLaCubana]

Why is it taboo to buy with cash?

[@EndlessRVing]

Depends on interest rates. For example if you are paying 3.25% like we did on our loan it makes more financial sense to pay the lower interest rate and invest the cash into markets that will yield avg 10-18% returns on investment. When interested rates are low it makes sense to use debt.

[@steveearly2272]

Where can I get 10-18%

[@EndlessRVing]

@@steveearly2272 stock market

[@brucelester6918]

We were thinking about buying an RV from a dealer and planned to pay cash. They offered us a discount if we financed it and said we could just pay it off after 6 months. Is this common?

[@IntoRV_Recreational_Financing]

It is extremely common. Dealers do get a good kick back from the lenders which varies between each one. With them offering a discount it’s typically always a minimal amount compared to what the lender will pay them. You’ll want to consider the cost of financing over the 6 months versus the discount. An amortization schedule will tell you how much interest versus principal is being paid with each payment and you can then weigh that into your decision of what to do next. Of course, this is also your loan and not the dealers; they can recommend and ask that you don’t pay it off for 6 months, however the decision of when to pay off is yours entirely.

[@jerrysmith2069]

What does he charge for his service. That is a question I would have asked

[@EndlessRVing]

Depends what service you are looking for.

[@IntoRV_Recreational_Financing]

Ask away! Loan origination fees are between $499-899 depending on transaction type and dollar amount transacted - Nothing charged unless we go to the closing table however, completely obligation-free!

[@PatriciaCentralFlorida]

I would like to contact Chris on refinance our Tiffin Motorhome. If Chris is reading this comment

[@EndlessRVing]

Sure! His contact info is right in the video so feel free to give him a call. Good luck!

[@IntoRV_Recreational_Financing]

Absolutely! Shoot me an email!

[@Studiovette]

It's only a good time to buy if you have cash on hand. 😆

[@EndlessRVing]

Yes people with cash can do well right now, but this is a great option!

[@IntoRV_Recreational_Financing]

For those that choose or need financing, we can help leverage your deal with plenty of industry experience.

[@stephenmarechek2753]

Wow. 6.5 to 9% is why RVs and boats are not moving very fast.

[@IntoRV_Recreational_Financing]

It certainly plays a role in the ups and downs of the market. I’m grateful to be able to offer financing and refinancing to help adjusting loan terms that may have not been favorable upon initial contract.

[@ronhooker5820]

Outstandig

[@jimjessup3979]

Very informative. Thank you.

[@EndlessRVing]

Glad it was helpful!

[@stephennowicki7158]

Really good information. Thank you.

[@EndlessRVing]

Thanks for watching!

[@IntoRV_Recreational_Financing]

We're glad you enjoyed it!

[@caniacstevehenderson7115]

Great information 😮...thanks !!!

[@EndlessRVing]

Thanks for checking out the video. 😊

[@IntoRV_Recreational_Financing]

@@caniacstevehenderson7115 thank you for watching!