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How Do You Finance a LQ?

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Last activity 2021-04-07 10:22 AM
6 replies, 315 views

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   General Discussion -> Barrel Talk
Reg. Mar 2013
Posted 2021-04-06 9:43 PM
Subject: How Do You Finance a LQ?


Posts: 242

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

Meanest Teacher!!!

Posts: 8530
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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Reg. May 2009
Posted 2021-04-06 10:41 PM
Subject: RE: How Do You Finance a LQ?

Warrior Mom

Posts: 3958

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

Miss Laundry Misshap

Posts: 5169

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

pressure dripper

Posts: 8645
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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Reg. Feb 2008
Posted 2021-04-07 10:22 AM
Subject: RE: How Do You Finance a LQ?

Experienced Mouse Trapper

Posts: 3106
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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