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An RV loan helps you hit the road

from The Wall Street Journal

Whether you dream of roughing it in a $2 million motorhome or a $10,000 towable, there are banks with just the right loan product. Last year, RV retail loan volume topped $5.1 billion, according to an annual survey of the sector’s largest lenders, and delinquency rates were just 1.14 percent. Lenders view RV loans as low risk and high performance, says Ernie Schumacher of Bank of America. “Over the past 40 years, RV loans have been the best consumer loan product as far as delinquency and loss. These are very attractive customers.” more

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