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Author Topic: Financing a Conversion  (Read 1089 times)
oldmansax
Tom & Phyllis
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'82 Bluebird Wanderlodge PT40




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« on: June 23, 2006, 06:54:47 PM »

OK I found a conversion that I have fallen in love with! Now for the hard part. How do you finance a bus? So far, everyone I have spoken to either said “nothing over 10 years old” with a straight face or doubled over laughing when I ask about financing a ‘73 MCI. I CAN do a second on the house but would rather not. Any ideas or connections?
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'82 BlueBird WanderLodge PT40 being rebuilt
Delaware

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skihor
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« Reply #1 on: June 23, 2006, 07:25:27 PM »

An equity loans makes more sense since you could get a rate in the 6% range. Much less than a convential vehicle loan. Plus you own the bus (title) and could carry liability only IF you so choose.
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niles500
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ROSIE




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« Reply #2 on: June 23, 2006, 07:41:56 PM »

Liability insurance is not an option in most states, although comprehensive and collision is - FWIW
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H3Jim
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1995 Prevost H3-41, series 60, B500 Allison




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« Reply #3 on: June 24, 2006, 09:48:08 AM »

I searched for months when buying my bus.  I could not find anyone that would finance it, or even come close.  Only a finished conversion (by a big name converter) or a seated bus.  Seated buses would be finanaced with a $3000 to $5000 a month payment, like it was in service.  Not really an option.  Crack open that home equity line, its your best bet.  Tax deductible too.
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Jim Stewart
El Cajon, Ca.  (San Diego area)

Travel is more than the seeing of sights, it is a change that goes on, deep  and permanent, in the ideas of living.
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