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  1. #1
    Rolling Along
    Join Date
    Apr 2019
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    In the Blue Ridge Mtns of VA
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    USAA Bank Capping RV Loans

    While getting an insurance quote on our on-order Solitude, out of curiosity I asked to speak to an USAA banking rep to check RV loan terms and rates. I was told that, due to the pandemic and the incredible upsurge in RV purchases, they have had to cap loan amounts at $35,000. Advertised interest rates are a minimum of 5.24% which seems high. I didn't ask anything further. According to the bank rep, this is the first time in USAA's history they have had to put a loan cap on any loan product. Crazy times.
    2022 Solitude 378MBS-R
    2021 Ford F450 CC Lariat Ultimate FX4
    1966 Shasta Astroflyte (1 year restoration project that is going on year 6)

  2. #2
    Site Team Second Chance's Avatar
    Join Date
    Jul 2014
    Location
    Wherever...
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    USAA has never written RV loads for full-timers, either. We've gone through Bank of the West (via Essex Credit) both times.

    Rob
    U.S. Army Retired
    Full-timed for 9 years in a Reflection 337RLS and Solitude 310GK-R

  3. #3
    Rolling Along AZMike's Avatar
    Join Date
    Oct 2020
    Location
    Southern Arizona
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    The best deal I found was from US Bank, 4.99% for 180 months.
    Mike & (RIP Karen)
    2021 Imagine 2600RB
    2011 Toyota Tundra 5.7 RW, Tow Package
    Husky Centerline WDH
    Champion 2500DF, Prodigy P2

  4. #4
    Site Sponsor
    Join Date
    Jul 2017
    Location
    SW Indiana
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    Probably a good precaution. The potential exists for people to be out of work and upside down on an RV loan. Nobody wins if that happens.
    John & Kathy
    2014 F250 Lariat FX4 6.2L SBCC
    2014 Reflection 303RLS
    SW Indiana

  5. #5
    Seasoned Camper Tgunter5's Avatar
    Join Date
    Feb 2020
    Location
    Corpus Christi, Texas
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    For comparison, we are financed thru bank of the west at a rate of 5.99. Not happy about that rate but it is what it is :-(
    2020 GMC Sierra 2500 AT4 6.6L Gasser
    2020 Imagine 2400BH

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