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How Do You Finance a LQ?

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Last activity 2021-04-07 10:22 AM
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Canchsr5
Reg. Mar 2013
Posted 2021-04-06 9:43 PM
Subject: How Do You Finance a LQ?



Veteran


Posts: 242
10010025

Any tips or ideas for financing a LQ? I have good credit and would like to have the lowest payments possible to keep my monthly cost down. Who do you all use to finance used  horse trailers? 

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kwanatha
Reg. Dec 2003
Posted 2021-04-06 9:57 PM
Subject: RE: How Do You Finance a LQ?


Meanest Teacher!!!


Posts: 8530
50002000100050025
Location: sunny california

When I bought mine. My truck was paid off.  I went to the credit union and got a great loan with low rates.  Then I had cash in hand to shop and got a steal on a trailer that was just over10 yrs so did not qualify for loans.  The guy had a couple buyers but they could not get loans on it.  I made an offer and he took it!

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want2chase3
Reg. May 2009
Posted 2021-04-06 10:41 PM
Subject: RE: How Do You Finance a LQ?



Warrior Mom


Posts: 3958
200010005001001001001002525

Typically we just go thru our own bank. We've been banking there for close to 20 years... we have a very good relationship and pretty much do all our major purchases thru them, including several horses. They tale good care of us. Most dealerships will have a few finance companies they will work with. 

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fulltiltfilly
Reg. Dec 2008
Posted 2021-04-07 7:00 AM
Subject: RE: How Do You Finance a LQ?



I hate cooking and cleaning


Posts: 3150
200010001002525
Location: Jersey Girl

Mine was financed thru the dealer I bought the trailer from. They had a couple of banks they deal with. 

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Nateracer
Reg. Feb 2008
Posted 2021-04-07 8:50 AM
Subject: RE: How Do You Finance a LQ?



Miss Laundry Misshap


Posts: 5169
50001002525

Use it for 14 days and call it a vacation home and mortgage it for 15 or 30 years.  

Was told that by some people when asked how in the world people afford 150K Big rigs. 

NOT recommended. LOL  Since lots of trailiers don't last that long or even close! 

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willrodeo4food
Reg. Dec 2004
Posted 2021-04-07 10:13 AM
Subject: RE: How Do You Finance a LQ?



pressure dripper


Posts: 8645
50002000100050010025
Location: the end of the rainbow

Find a good credit union.  A friend just financed a used lq sold by a private party with America First Credit Union out of Utah for around 5%, which is pretty good given her credit.

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LMS
Reg. Feb 2008
Posted 2021-04-07 10:22 AM
Subject: RE: How Do You Finance a LQ?



Experienced Mouse Trapper


Posts: 3106
20001000100
Location: North Dakota

We used my hubbies 401k.  NO we didn't cash it in but we borrowed against it.  Was able to get a 5 yr loan and we paid ourselves back on the interest. We also looked into a home equity loan. But, it was a better use of our money to borrow from the 401K.

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