Summer in South Dakota is a great time to travel. Whether you’re heading to the Black Hills or a State Park, a camper is a popular place to rest after a day full of fun. There are many different types of campers and RVs. You can own anything from a 5th wheel, to a 2-wheeled cruiser to a luxury motorhome. When you’re ready to finance an RV, camper, or boat American Bank & Trust will help you get a personal loan that is right for you. Here are a few tips.
Do your research
Buying an RV or boat is a lot like buying a home. Be sure to research all of your personal loan options beforehand. Will you be using it for the occasional weekend or every weekend? Will you be pulling it or driving it? If you’re pulling it, does your current vehicle have the correct tow capacity? Where will you store it in the off-season and what costs are associated with that?
It’s important to know that most recreational vehicles are marked up. That means dealers will expect you to negotiate and often times, you can save a lot off the list price. There are many sources out there to compare pricing, such as GoRVing.com*
When you’re ready to finance
Make sure the camper you’re purchasing fits comfortably into your finances. Next thing to do before talking to a banker is to be aware of your credit history. This is the first step in correcting any information you feel is not accurate. Lastly, call your local American Bank & Trust and talk with a Personal Banker about personal loan options. The banker can assist you with flexible terms on campers, RVs, boats or other items like motorcycles and snowmobiles. We offer competitive rates and custom options for your unique situation. For example, you may even qualify for refinancing of your current vehicle to lower your new loan rate.
No matter where your summer takes you, American Bank & Trust is here to help. Our experts will provide detailed and attentive service from start to finish. Our decisions are made quickly and made here. So you can get out on the open road sooner.
* (GoRVing.com is an available research tool for RV pricing and model descriptions. GoRVing.com is not associated with American Bank & Trust.)