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paramr
1 Posts |
 Posted - 01/10/2012 : 11:26:41
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Adam,
The following lenders do RVs on a national basis:
Bank of the West
Bank of America
US Bank
MarineOne Acceptance
Medallion Bank
Merrick Bank
MB Financial Bank
I also recommend you check out AppOne (www.appone.net). This is a slick online system that connects you with RV lenders. Let these lenders know that you are referred by AppOne.
Best,
Param |
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miles
USA
9226 Posts |
Posted - 01/10/2012 : 15:04:34
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quote:
Originally posted by SD2103
My only concern is they ask for a $250.00 Dealer Fee to be sent in with your dealer reg packet anyone else come across this before? I have never had to send a application or dealer registration fee in before, but again im from automotive side just seems a little bit odd to me.
Thanks everyone!
Sadly, dealer fees in powersports / RV's are normal Adam.
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dux hunt
USA
229 Posts |
Posted - 01/11/2012 : 08:26:16
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Adam, sorry I've been off the forum for a little bit and just saw your post.
We've been charging the one-time $250 signup fee for over 3 years now. We initially did it because every P/S dealer wanted to sign up, but then never sent us a credit application to decision. I got tired of going through the motions and we make $$ booking deals, not signing up new dealers. So, we thought if someone was willing to commit $250 (put some skin in the game)they would at least give us a shot. 3 years later I'm shocked at the number of dealerships that still send us the $250 and never send us 1 credit application.
We have competative rates, allow backend products, allow rate participation, have extended terms, and even have a 0-down program. Still, dealers send me $250 and then never send us 1 credit application to decision. I don't get it??? We'll even show them how they can make up the $250 fee on their first deal and.... still no credit app.
Trust me, I'm not going to retire on the $250 and it does not pay the light bill around here. It's just enough to cover the time of the 5 or 6 people that must touch a new dealer sign up package.
As far as contacting us.... yes, our web site is very vague as far as Indirect goes. We don't want just anyone doing a Google search for "indirect lenders" contacting us. You probably got our general number and someone who does not know we exist in this 11 floor building.
Feel free to call me direct at 847-653-2369 or ghorn@mbfinancial.com
George
And yes, we do business in all 50 States. |
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miles
USA
9226 Posts |
Posted - 01/11/2012 : 10:35:10
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Ahhhhhhhh... Light dawns on marble skull.
Anyway... Adam- in my opinion, both personal and professional, MB's $250 fee is fair, and worth every penny. I do business with them as often as my customer base allows me too and they are fair, fast, and consistent.
They are a prime bank, so don't waste your time or theirs with the 519's, but their rates are extremely competitive, and God Bless, them they allow up to 4K in B/E products and up to 3 points in rate.
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SD2103
USA
143 Posts |
Posted - 01/11/2012 : 11:22:58
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| Yeah $250 is not a big deal to pay. We have no problem shelling out money to make money. George, Do you sign up independents, we have no new manufacturer line and that is becoming my biggest headache right now ughh!!!! |
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dux hunt
USA
229 Posts |
Posted - 01/11/2012 : 12:18:15
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| We do, just different requirements..... give me a call and we can discuss things. |
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spot_moskowitz
USA
222 Posts |
Posted - 01/11/2012 : 14:41:28
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George,
Do you do RV's as well as powersports? I am always looking for new lenders.
Spot
When there's nothing left to burn, you have to set yourself on fire. |
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dux hunt
USA
229 Posts |
Posted - 01/12/2012 : 08:07:29
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Hey Spot,
We've been doing P/S for 10yrs (added ATV/UTV and PWC in 2011) and as of Jan 1st we are moving into Boats and RV's. |
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gadna50
Ireland
14903 Posts |
Posted - 01/12/2012 : 10:26:55
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quote:
Originally posted by dux hunt
Hey Spot,
We've been doing P/S for 10yrs (added ATV/UTV and PWC in 2011) and as of Jan 1st we are moving into Boats and RV's.
Do you service Texas customers?
GADNA |
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dux hunt
USA
229 Posts |
Posted - 01/12/2012 : 12:57:03
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| Yes...all 50 States |
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miles
USA
9226 Posts |
Posted - 01/13/2012 : 11:32:09
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George, Do y'all do American Iron Horse MC's?
05 Legend...
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dux hunt
USA
229 Posts |
Posted - 01/14/2012 : 11:08:51
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| Sorry Miles, we stopped doing "custom" bikes like Iron Horse and Big Dog a few years ago. There is no auction value to them and we are lucky to get 30 cents on the dollar for repo's. |
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miles
USA
9226 Posts |
Posted - 01/14/2012 : 11:34:57
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That's what I thought, but wanted to double check. Thanks George.
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Topic |
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HELP!! Need RV Lenders
