The lending resolutions for the fifth wheel rv industry
Lending institutions across America are providing part of the lending resolutions for the fifth wheel rv industry. There are more than 8,000 credit unions spread across America, representing a huge prospective as a source of funds for purchasing a travel trailer.My friends just bought a new car at 4.5% and it just took a couple minutes to qualify for the loan. Another source for lending is smaller credit unions, which appear to have staved off many of the financial problems that huge corporate banks found themselves in.The rv industry and many groups are working with credit unions to offer both retail & wholesale financing, Class C Motorhomes which is desperately essential. I have many sources within the RV industry and know that RV manufacturers are seeing a twenty percent growth in gross revenues compared to 2008. But one of the main problems for RV dealers is procuring a acceptable flooring source to buy more stock.
Mostly it looks like the credit freeze is starting to thaw and banking companies are beginning to lend once again, this is great news for those that have been patiently waiting to buy a new motor home. The timing could not be better – RV manufacturers are having sales which haven’t been seen in more than 20 years. If you are in the marketplace to buy a fifth wheel then now is the time to do it.
