What’s the best way to finance an SMB?

[scott.ward]

Does anyone have insight on the best financing options for a used Sportsmobile van? I’ve found several worthy vehicles in the 80-100K range, but I’m not sure how the financing works. Any help is much appreciated.

 

[nomad661]

It's my (limited) understanding that it's extremely hard to do, especially when it's coming from a private seller. I've heard of a couple people having luck at smaller credit unions/local banks. I've also known a couple people who used their home equity credit line. If you're able to get that in the needed amount that's almost certainly the lowest interest rate you could find for doing that.

Hopefully someone more knowledgeable will chime in.

 

[jadmt]

I have found my local credit union gives the best rates on RV's altho auto loans are usually at a better rate by a 1%. SMB should have a NADA value so most any lending institution should loan you money on it.

 

[jadmt]

I just checked and nada does list them so should be easy to get a loan if priced accordingly.

 

[AbleGuy]

Try cross posting your inquiry on the Sportsmobile Forum as there they specialize in discussing all elements of owning these rigs

Member Classifieds - Sportsmobile Forum

Member Classifieds - Buy, Sell, Trade, Wanted - private listings only. Use the Dealer and Online section if the items for sale or wanted are not your own.

www.sportsmobileforum.com

 

[shellb]

Have a look at Light Stream.

LightStream | Loans for Practically Anything

LightStream online lending offers loans for auto, home improvement and practically anything else, at low rates for those with good credit.

www.lightstream.com