Kind Reader, if you’re in search of financing options for your recreational vehicle or boat, you may have stumbled upon Vantage Recreational Finance Reviews. This company provides loan solutions for those looking to purchase or refinance their RV or boat, and has gained attention for its competitive rates and customer service. In this article, we will dive deeper into Vantage Recreational Finance and explore what sets it apart from other lenders in the market.
What is Vantage Recreational Finance?
Vantage Recreational Finance provides financing for recreational vehicles such as RVs, fifth wheels, travel trailers, motor homes, and other types of boats, motorsports vehicles, and personal watercraft. They offer loans for both new and used recreational vehicles that can be refinanced or bought outright. Their loan terms are flexible, and they cater to customers with all types of credit scores.
How does Vantage Recreational Finance work?
The process of getting financing from Vantage Recreational Finance is simple and can be done online. Borrowers fill out an application providing information that includes their credit scores, income, and amount they wish to borrow. Once their application is approved, Vantage Recreational Finance provides the borrower with loan options with flexible terms. The borrowers can select the loan with the best terms and conditions that suits their needs. After the borrower accepts the loan terms offered by Vantage Recreational Finance, the funds are disbursed to the borrowers account quickly.
Benefits of choosing Vantage Recreational Finance
Choosing Vantage Recreational Finance for your recreational financing needs comes with numerous advantages. Below are some of the benefits that borrowers enjoy:
- Flexible terms: Vantage Recreational Finance offers loan terms ranging from 36 to 240 months, making it easy for borrowers to choose the repayment plan that suits their needs.
- No prepayment penalties: If a borrower wishes to repay their loan early, they don’t have to pay any fees for doing so with Vantage Recreational Finance.
- Quick loan processing: The application process is simple and straightforward, and funds are quickly disbursed once the loan is approved and accepted.
- Good customer service: Vantage Recreational Finance has good customer service that responds quickly to customer inquiries and concerns.
- Financing for all credit types: Vantage Recreational Finance offers loans to customers with all types of credit scores, including those with less-than-perfect credit scores.
- Multiple loan options: Vantage Recreational Finance provides borrowers with multiple loan options to choose from, giving them flexibility to pick a loan that has terms and conditions that meets their individual needs
How Vantage Recreational Finance Works
Vantage Recreational Finance offers a few different types of loans for RV and marine purchases. The first is the standard loan, which is available for loans starting at $10,000 and above. This loan is typical of most other loans you would get from a bank. You have a set interest rate, term length, and monthly payment. You can choose from a few different repayment periods, ranging from 2 to 20 years.
Loan Types
Vantage Recreational Finance offers 2 distinct loan types:
- Standard Loans – This is your typical loan product. You have a set term and interest rate and make regular monthly payments until the loan is paid off.
- Flex Loans – This loan product allows you to finance any portion of your loan, while leaving the remainder of the purchase price as an open line of credit. You’ll have a monthly payment for the financed portion of your loan, and you’re free to access the remaining amount as you need it, much like a revolving credit account.
Eligibility Requirements
To be eligible for a loan provided by Vantage Recreational Finance, you must meet the following criteria:
| No | Eligibility Criteria |
|---|---|
| 1 | Age: You must be at least 18 years old to apply |
| 2 | Residency: You must be a resident of the United States or Canada |
| 3 | Credit Score: You must have a credit score of at least 550 |
| 4 | Loan Amount: Loan amounts start at $10,000 |
| No | Key Information |
|---|---|
| 1. | Vantage Recreational Finance is a consumer finance company that provides loans for RVs, boats, and motorcycles. |
| 2. | The company has an A+ rating from the Better Business Bureau. |
| 3. | Vantage Recreational Finance operates in all 50 states of the United States. |
| 4. | The company offers flexible loan terms and competitive interest rates. |
| 5. | Borrowers can apply for loans online or by phone. |
| 6. | The company has received positive reviews from customers for its easy application process and excellent customer service. |
| 7. | Vantage Recreational Finance is a subsidiary of Forest River, Inc., a leading manufacturer of recreational vehicles. |
Vantage Recreational Finance Reviews: Interest Rates
Vantage Recreational Finance offers competitive interest rates to its customers. The interest rates vary from customer to customer depending on factors such as credit score, income, and loan amount. As a result, it’s important for potential borrowers to contact Vantage Recreational Finance for specific interest rates. Customers with good credit can expect to receive lower interest rates, while those with poor credit may face higher rates.
How Do Vantage Recreational Finance’s Interest Rates Compare to Other Lenders?
In comparison to other recreational finance lenders, Vantage Recreational Finance offers competitive interest rates. However, it’s important for potential borrowers to compare the interest rates of different lenders to find the best deal for their situation. Doing so can save a significant amount of money in interest payments over the life of the loan.
Vantage Recreational Finance Reviews: Application Process
Applying for a loan with Vantage Recreational Finance is a simple and straightforward process. The first step is to fill out an online application. The application requires basic personal and financial information, as well as details about the loan amount and type. After submitting the application, customers can expect a response within a few business days.
How Long Does It Take to Receive Funding from Vantage Recreational Finance?
Once a loan is approved, Vantage Recreational Finance typically disburses funds within 1-2 business days. However, the timeline can vary depending on the customer’s bank and how quickly they can process the funds.
How to Apply for Vantage Recreational Finance?
Applying for Vantage Recreational Finance is a straightforward process for those who aim to finance their leisure items. The company has provided an online form to adjust the financing needs according to diverse requirements. However, some paperwork may be necessary to finalize the application.
Steps to apply for Vantage Recreational Finance
Perhaps the most significant benefit of Vantage Recreational Finance is that the company makes it easy for customers to get loans. By following these steps, applicants could apply for the loan:
- Visit the Vantage Recreational Finance website and fill in the online application form.
- The loan team will review the application and the submitted documents in detail.
- Once the loan application is approved, the customer will need to provide a few signed documents.
- The loan amount will be transferred to the customer bank account within 48 hours.
Documents Required for Vantage Recreational Finance
Please ensure that the necessary documents are present for timely loan processing:
| No | Documents Required |
|---|---|
| 1 | Identity Verification. |
| 2 | Income Verification. |
| 3 | Recreation vehicle information and the purchase price. |
| 4 | Credit Score. |
“Before applying for Vantage recreational finance, plan your finances and adjust the loan amount according to your budget.â€
Benefits of Applying for Vantage Recreational Finance
Vantage Recreational Finance provides numerous benefits to its customers, such as:
- Quick loan processing and approval.
- No collateral required.
- Vantage recreational finance loan rates are reasonable, with customers getting loan approval with a low credit score.
- The loan term span between 24 to 84 months.
- The company also helps customers find the right vehicle according to their budget and leisure requirements.
Customer Service Review
One of the crucial aspects of choosing a financial institution is its customer service quality. In assessing the Vantage Recreational Finance reviews on its customer service, we looked at what customers have to say about the service they received. Several reviews on page one of Google revealed that the customer service team is responsive, efficient, and knowledgeable.
Responsive Customer Service
Quick and responsive customer service is what every customer desires, and Vantage Recreational Finance delivers in this aspect. A customer wrote a review on the Better Business Bureau website and said, “Absolutely excellent customer service, from beginning to end. Quick to answer, excellent knowledge, and follow-through.”
The promptness of the customer service team in solving issues is also notable. One customer wrote, “When we needed assistance with an issue on a weekend, they came through promptly, and we were able to close on a Monday morning without any issues.â€
Efficient communication and knowledgeable staff
The Vantage Recreational Finance customer service team is made up of professionals who understand the demands of the industry. They are also knowledgeable in different financial services and can provide answers to customers’ questions about a range of financial-related issues. A satisfied customer wrote, “The team at Vantage Recreational Finance communicates with customers promptly and efficiently every time we have reached out. Their knowledge of the recreational lending is top-notch.”
A satisfied customer’s experience is the foundation of any good financial institution, and Vantage Recreational Finance has done well in this regard, as evident in customer reviews on different review platforms.
Customer Service Review
Vantage Recreational Finance is known in the market for its excellent customer service. Customers have frequently praised the company for its promptness, courteous behaviour, and transparency in communication. The company has a knowledgeable and helpful support team that assists customers throughout the financing process. They are easy to reach via phone or email, and customers have reported quick responses without needing to wait on hold
Responsive Customer Service
The customer service team is well trained in answering queries and resolving customers’ issues. Complaints, if any, are taken seriously and are resolved promptly. Unlike many other financial firms, Vantage Recreational Finance values customer satisfaction and strives to provide a pleasant financing experience.
Customer Feedback
Several online reviews reveal how Vantage Recreational Finance’s customer service team was responsive, proactive, and supportive in their approach. One borrower was happy with the follow-up phone calls from the company’s support team throughout the approval process, which helped in addressing their doubts and queries regarding document requirements and loan terms. Another customer thanked the company’s team for guiding them through the entire application process smoothly and efficiently.
Customer Service Reviews on Vantage Recreational Finance
When it comes to financing, customer service is crucial in providing smooth transactional experiences for both parties. Based on our research on page 1 of Google, many customers have praised Vantage Recreational Finance’s great customer service. Some have stated that their representatives were friendly and helpful in answering their inquiries. However, others have complained about their poor communication skills and lack of initiative.
Positive Reviews
One satisfied customer of Vantage Recreational Finance posted on Yelp, “I’m happy with my recent financing experience with Vantage. Right from the beginning, their customer service was friendly and prompt, making the whole process seamless.” Another customer on Better Business Bureau (BBB) wrote, “The staff at Vantage Recreational Finance always answered my phone calls and emails promptly and professionally, which I appreciate.”
Negative Reviews
However, on BBB, one customer said, “I’ve had nothing but problems with Vantage. Very unresponsive to phone calls, emails with no follow-ups, and poor communication skills.” Meanwhile, another customer posted on Yelp, “The only issue I had was the communication as to when my loan would be processed. They should be more proactive in keeping me informed instead of me having to reach out with inquiries.”
Aside from the conflicting reviews, Vantage Recreational Finance’s customer service hotline’s hours of operation are quite limited, as it only operates from Monday to Friday, 8 AM to 6 PM Central Time. Customers who encounter issues outside of business hours may struggle to get in touch with Vantage Recreational Finance’s customer service representatives, causing delays in their financing process.
| No | LSI Keywords |
|---|---|
| 1 | financing, customer service, transactional experiences |
| 2 | Vantage Recreational Finance, representatives, inquiries, communication skills |
| 3 | BBB, responsive, proactive, keeping informed |
| 4 | limited customer service hotline, operation hours, business hours delays, financing process |
Vantage Recreational Finance Reviews FAQ
Get answers to the most frequently asked questions about Vantage Recreational Finance Reviews.
1. What is Vantage Recreational Finance?
Vantage Recreational Finance is a finance company that provides loans for recreational vehicles such as boats, RVs, and motorcycles.
2. How can I apply for a loan with Vantage Recreational Finance?
You can apply for a loan online through their website or by calling their customer service number.
3. What are the interest rates for Vantage Recreational Finance?
The interest rates for Vantage Recreational Finance vary depending on the loan and the individual’s credit score.
4. What is the maximum loan amount offered by Vantage Recreational Finance?
The maximum loan amount offered by Vantage Recreational Finance is $150,000.
5. How long is the loan term for Vantage Recreational Finance?
The loan term for Vantage Recreational Finance ranges from 36 to 240 months.
6. Is there a prepayment penalty for Vantage Recreational Finance loans?
No, there is no prepayment penalty for Vantage Recreational Finance loans.
7. How long does it take for Vantage Recreational Finance to approve a loan?
Vantage Recreational Finance generally approves loans within 48 hours of receiving a completed application.
8. What credit score do I need to qualify for a loan with Vantage Recreational Finance?
The minimum credit score required to qualify for a loan with Vantage Recreational Finance varies but generally a score of 600 or above is recommended.
9. Can I use a Vantage Recreational Finance loan to buy a used recreational vehicle?
Yes, Vantage Recreational Finance offers loans for both new and used recreational vehicles.
10. Does Vantage Recreational Finance offer refinancing?
Yes, Vantage Recreational Finance offers refinancing options for existing loans.
11. Can I make extra payments towards my Vantage Recreational Finance loan?
Yes, customers are encouraged to make extra payments towards their loan to reduce the interest paid over time.
12. What happens if I miss a payment on my Vantage Recreational Finance loan?
If a payment is missed, Vantage Recreational Finance will contact the customer to arrange for payment. Late fees may also be assessed.
13. Is customer service available on weekends?
No, customer service is only available Monday through Friday during business hours.
14. Can I choose my own insurance provider for my recreational vehicle?
Yes, customers are allowed to choose their own insurance provider as long as the provider meets Vantage Recreational Finance’s requirements.
15. How can I make a payment on my Vantage Recreational Finance loan?
Payments can be made online, over the phone, or by mail.
16. What happens if my recreational vehicle is involved in an accident?
If the recreational vehicle is insured, the insurance company will typically handle the claim. Vantage Recreational Finance may also be notified of the incident.
17. What is the maximum age of a recreational vehicle that Vantage Recreational Finance will finance?
The maximum age of a recreational vehicle that Vantage Recreational Finance will finance is generally 10 years old.
18. What types of recreational vehicles does Vantage Recreational Finance finance?
Vantage Recreational Finance finances boats, RVs, motorcycles, and other recreational vehicles.
19. Is there an application fee for Vantage Recreational Finance?
No, there is no application fee for Vantage Recreational Finance.
20. Can I have a co-signer on my Vantage Recreational Finance loan?
Yes, customers are allowed to have a co-signer on their loan.
21. Can I check the status of my Vantage Recreational Finance loan online?
Yes, customers can check the status of their loan online through the Vantage Recreational Finance website.
22. What happens if I decide to sell my recreational vehicle before the loan is paid off?
The loan will need to be paid off before the recreational vehicle can be sold. Customers can contact Vantage Recreational Finance for assistance with the loan payoff process.
23. How does Vantage Recreational Finance handle loan defaults?
If a loan goes into default, Vantage Recreational Finance may take legal action to recover the funds owed.
24. What is the reputation of Vantage Recreational Finance?
Vantage Recreational Finance has received good reviews from customers for their competitive interest rates and customer service.
25. How can I contact customer service for Vantage Recreational Finance?
Customers can contact Vantage Recreational Finance’s customer service department by phone at 1-800-294-8737 or by email at customerservice@vantagefinance.com.
If you’re interested in learning about recreational finance, check out these Vantage Recreational Finance reviews to see what other people have to say about the company.
Thank You for Joining, Kind Reader!
We hope you enjoyed reading our honest review of Vantage Recreational Finance. As a finance company that provides a wide range of loans to finance your recreational properties, we recommend Vantage for their competitive rates and loan offerings. If you have any further questions or want to learn more, please visit Vantage’s website or give them a call. Remember to come back and read more articles on our website for financial tips and advice. Until then, happy financing!
