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Conference noted::equitation

Title:Equine Notes Conference
Notice:Topics List=4, Horses 4Sale/Wanted=150, Equip 4Sale/Wanted=151
Moderator:MTADMS::COBURNIO
Created:Tue Feb 11 1986
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:2080
Total number of notes:22383

2070.0. "Advice on bank loan for new trailer?" by FOUNDR::CRAIG () Fri Feb 07 1997 17:22

    Hello,
    
    I am in the market for a loan for a new 2h trailer and would like to
    hear any and all advice regarding rates, banks, and so on.  The DCU
    doesn't do trailer loans.
    
    Thanks in advance,
    Craig Pahigian
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2070.1trailer loansCSCMA::SMITHFri Feb 07 1997 19:5110
    If your buying a new Trailer, the seller usually has a bank they 
    make arrangements through that will work with them.  
    My loan is through Bank One this way. 
    
    If you were buying a used trailer, you're usually on your own (personal
    loan, whatever).  Rates vary each year, but through the trailer
    companys bank, the rate was a couple points lower than a personal loan
    through DCU.
    
    Sharon
2070.2MTCLAY::COBURNPlan B FarmMon Feb 10 1997 10:5818
I bought my new trailer this past June. When I
was shopping around, several dealers offered
financing on their own. I don't really remember
what rates they offered as I wasnt' looking
for financing, but I think they were pretty
comparable with a DCU personal loan. 

One thing that surprised me when I was 
searching was that while most dealers would
accept trade ins, none would even look at
my old trailer because it was *too* old.  It
was a 1975 - in very, very good condition,
but they were afraid they'd never move something
that age.  I had originally planned to simply
trade it in, but ended up having to sell it
private sale.  Just something you might want
to keep in mind if you have an older trade in -
it certainly came to me as a surprise.