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RV Industry Making a Comeback?
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esanchez
Administrator
| Posts: 14
| Joined: 04/09
Posted: 04/30/09
09:50 AM
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In president Obama's speech today about the Chrysler bankruptcy, he made a comment about vehicle financing, and referenced the RV industry. Do you think increased availability of credit and financing for the industry will help to revive it?
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kyrvman
New User
| Posts: 1
| Joined: 02/10
Posted: 02/06/10
08:50 PM
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Well the president talks a good stick but if you check with any bank the finaces MH's, (and only a few do) you would find that lending practice's have been tightened to much that only a few qualify for a loan. They are now doing much more homework on your personal spending habits and credit scores have to be in the 700's along with a heafty downpayment of 25% to 39%. The president also offered new low interest loans on home refinacing but fewer than 6% of people have taken advantage of it. Why? Goes back to tougher loan practices with bank taking only the perfect ones. Really a loaded topic, just another lip service look at all the failures in the RV industry just keep failing. 
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