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Old 09-08-2019, 09:41 AM   #1
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Whatís the best way to finance an SMB?

Does anyone have insight on the best financing options for a used Sportsmobile van? Iíve found several worthy vehicles in the 80-100K range, but Iím not sure how the financing works. Any help is much appreciated.
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Old 09-08-2019, 09:59 AM   #2
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I dont have personal experience with the burden of acquiring financing for one of these, But I do have a friend that had a similar problem with a Class C that excited him - initially could not locate financing because of the year (and it was a Private seller). They ended out taking advantage of some of their Home Equity by refinancing - pretty smart move since his interest rates ended out being 3.5%...might check into that strategy.
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Old 09-08-2019, 11:45 AM   #3
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best financing

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Originally Posted by sward View Post
Does anyone have insight on the best financing options for a used Sportsmobile van? Iíve found several worthy vehicles in the 80-100K range, but Iím not sure how the financing works. Any help is much appreciated.
I suggest you talk to your bank or any other bank BEFORE you get your heart
set on any SMB. Bank will not loan on older than 08. Voice of experience when
I was selling mine. Good Luck.
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Old 09-08-2019, 01:24 PM   #4
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My buyer got a personal loan, not a vehicle loan. Really hard to get financing.
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Old 09-15-2019, 10:28 AM   #5
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I just finish dealing with financing for my 19 transit SMB. All leanders I dealt with want you to have a comparable purchase with history(home Mortgage does count) credit score was not a major factor. BAnk of the West I thought was the premier lender was no help . I was 2 years and many thousands into the process. I basically pleaded with my credit union and they fully financed my SMBW purchase. There's no preapproval for a build process that takes two years and the lending market is as volatile as our current president.
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Old 09-15-2019, 12:17 PM   #6
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Thank you everyone for the insight. The hunt continues!!
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