[Slava]

Originally Posted by pylon

Not exactly. Dealers get way different programs than branches.

In most cases, I get rates from the bank, better than what they offer at the branch level. Dealers will commit to millions and get big rate discounts. In many cases, I have branch employees, finance through their own employer, with me doing the loan/paperwork here, because their branch can't touch it, even at staff rate. It's goofy, but it's just the way it is.

Secondly, RV loans can be done through dealers on 20 yr amorts. Most branches will only do 10. As asinine as a 20 yr amort is, a lot of people take them as it's the only way they can afford it.

I'm not sure who is making a worse decision here. The person for buying so much trailer/RV that they need 20 year amort. or the lender for lending money for 20 years on a depreciating asset. Mind Boggling.