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In The News

An RV Loan Helps You Hit the Road

Category: RV Loan
Source: Wall Street Journal
Publish Date: Wednesday, July 29, 2015
Summary: If you dream of “roughing it” in a $2 million motor home, some banks have a loan product especially for you. Recreational-vehicle loans are designed to finance everything from towable trailers, which start as low as $10,000, to custom luxury motor coaches that can top $2 million. While an RV may be as big as a house, the loans themselves are more similar to car loans, in that approval is quick, often in hours—though higher loan amounts may take a few days. And with an RV loan, there are no mandated appraisals, inspections or closing costs, says Paul Wible, senior executive vice president and head of the finance group at San Francisco-based Bank of the West.

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