I am still a member of the two bird club. I have had several offers on
the coach but all involved me taking some owner financing. I am not
really interested in doing this.
Does anyone know of a lender that will readily loan monies on a 1984
coach?
I would love to have an answer for the potential buyers.
Thanks in advance
Wayne Chappuis
Roswell Ga
1984 and 1994 Birds
Hi Wayne,
I'd imagine many credit unions would. I was considering a '92 that was
out of my cash range. My local credit union said they could finance
any year coach up to 80%, but for a rig older than 10 years, they
needed a full and independent appraisal and some head honcho guy in
some office somewhere had to approve it. I was told this should not be
all that difficult to do given a sizable down payment and a solid
appraisal. I'm sure dealing on a local level with a credit union I've
done business with since I was 14 didn't hurt, either.
I wound up buying less Bird so I could pay cash. Just seemed smarter.
I want to have money around to fix it when it breaks, not be making
payments to the bank on a broken coach I can no longer afford to fix.
I'm thinking most buyers will have trouble finding financing. Someone
with a long history at a local credit union, no debt, and a sizable
down payment could probably swing it, but your average Joe with a
mortgage, two car payments and ten grand in credit card bills is going
to be out of luck.
By the way, you're smart for not accepting owner financing. I'm sure
you didn't need me to tell you that, but I think it's a recipe for
disaster. I'd be willing to wager you'd get screwed more often than
not. You know, six months down the road they break something expensive
and it's, "Hey, sorry. Here's the bus back, we don't want it anymore."
Not my cup of tea. Stick to the 100% down plan.
-Ryan
On 4/19/07, Wayne wrote:
>
> I am still a member of the two bird club. I have had several offers on
> the coach but all involved me taking some owner financing. I am not
> really interested in doing this.
>
> Does anyone know of a lender that will readily loan monies on a 1984
> coach?
>
> I would love to have an answer for the potential buyers.
>
> Thanks in advance
>
> Wayne Chappuis
> Roswell Ga
> 1984 and 1994 Birds
>
>
We bought an 83' less than a year ago and financed it through USAA.
They only needed the VIN and didn't require any diligence. Minimum
down payment required is 10% and I think they would finance to 10
years at competitive rates.
Pretty amazing but then USAA is always amazing me with their cust
service.
Thomas Eastham
Houston, TX
83' FC35 (owned by USAA)
84' FC33
[Non-text portions of this message have been removed]
Finance companies that lend past the value help moronic buyers
inflate the market. With the web as a marking tool, if you are
having trouble selling a coach, the buyer is not the problem.
Expectation is.
GregoryO'Connor
94ptRomolandCa
--- In
WanderlodgeForum@yahoogroups.com, "Wayne"
wrote:
>
> I am still a member of the two bird club. I have had several
offers on
> the coach but all involved me taking some owner financing. I am
not
> really interested in doing this.
>
> Does anyone know of a lender that will readily loan monies on a
1984
> coach?
>
> I would love to have an answer for the potential buyers.
>
> Thanks in advance
>
> Wayne Chappuis
> Roswell Ga
> 1984 and 1994 Birds
>
I will second that. If your potential buyer is military, ex-
military, or mom or pop were, USAA does loans for the vintage birds.
http://www.usaa.com or
USAA elegibility:
https://www.usaa.com/inet/ent_utils/McStaticPages?
key=become_member_eligibility
Dan
retired USAF, NM
--- In
WanderlodgeForum@yahoogroups.com, M Thomas Eastham
wrote:
>
> We bought an 83' less than a year ago and financed it through
USAA.
> They only needed the VIN and didn't require any diligence.
Minimum
> down payment required is 10% and I think they would finance to 10
> years at competitive rates.
>
> Pretty amazing but then USAA is always amazing me with their cust
> service.
>
>
> Thomas Eastham
> Houston, TX
> 83' FC35 (owned by USAA)
> 84' FC33
>
>
>
>
>
> [Non-text portions of this message have been removed]
>
I'll "third" USAA recommendation - with one caveat. They will take
anyone with good credit through USAA Savings Bank. No need to be
military related on the Savings Bank side of the USAA house, just the
insurance side. Call them at 1-800-531-8832 for loans.
I had my 83 and my 91 with them. Good people to deal with. They base
the loan on the world's largest RV blue book that you have ever seen.
As long as it's in the book, they loan on it.
Mike Bulriss
1991 WB40 "Texas Minivan"
San Antonio, TX
--- In
WanderlodgeForum@yahoogroups.com, "ac7880"
wrote:
>
> I will second that. If your potential buyer is military, ex-
> military, or mom or pop were, USAA does loans for the vintage birds.
> http://www.usaa.com or
> USAA elegibility:
> https://www.usaa.com/inet/ent_utils/McStaticPages?
> key=become_member_eligibility
>
> Dan
> retired USAF, NM
>
>
>
> --- In WanderlodgeForum@yahoogroups.com, M Thomas Eastham
> wrote:
> >
> > We bought an 83' less than a year ago and financed it through
> USAA.
> > They only needed the VIN and didn't require any diligence.
> Minimum
> > down payment required is 10% and I think they would finance to 10
> > years at competitive rates.
> >
> > Pretty amazing but then USAA is always amazing me with their cust
> > service.
> >
> >
> > Thomas Eastham
> > Houston, TX
> > 83' FC35 (owned by USAA)
> > 84' FC33
> >
> >
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
>
Ike,
Just got of the phone with USAA.
Need to be eligible for ALL USAA services to use the bank. They changed the
rules last year...
Dave Erickson
Enid, OK
-----Original Message-----
From:
WanderlodgeForum@yahoogroups.com
[mailto:WanderlodgeForum@yahoogroups.com] On Behalf Of mbulriss
Sent: Friday, April 20, 2007 4:27 PM
To:
WanderlodgeForum@yahoogroups.com
Subject: [WanderlodgeForum] Re: Lenders for 1984 PT 40???
I'll "third" USAA recommendation - with one caveat. They will take
anyone with good credit through USAA Savings Bank. No need to be
military related on the Savings Bank side of the USAA house, just the
insurance side. Call them at 1-800-531-8832 for loans.
I had my 83 and my 91 with them. Good people to deal with. They base
the loan on the world's largest RV blue book that you have ever seen.
As long as it's in the book, they loan on it.
Mike Bulriss
1991 WB40 "Texas Minivan"
San Antonio, TX
--- In
WanderlodgeForum@yahoogroups.com, "ac7880"
wrote:
>
> I will second that. If your potential buyer is military, ex-
> military, or mom or pop were, USAA does loans for the vintage birds.
> http://www.usaa.com or
> USAA elegibility:
> https://www.usaa.com/inet/ent_utils/McStaticPages?
> key=become_member_eligibility
>
> Dan
> retired USAF, NM
>
>
>
> --- In WanderlodgeForum@yahoogroups.com, M Thomas Eastham
> wrote:
> >
> > We bought an 83' less than a year ago and financed it through
> USAA.
> > They only needed the VIN and didn't require any diligence.
> Minimum
> > down payment required is 10% and I think they would finance to 10
> > years at competitive rates.
> >
> > Pretty amazing but then USAA is always amazing me with their cust
> > service.
> >
> >
> > Thomas Eastham
> > Houston, TX
> > 83' FC35 (owned by USAA)
> > 84' FC33