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Old 09-03-2014, 01:25 AM   #1
Junior Member
 
Brand: Thor Motor Coach
State: California
Posts: 11
THOR #1054
Costco Essex Review

Costco Essex-Review

I submitted my Costco-Essex app online and received a letter that my app was under review. About 4 hours later I received an approval letter. However I had to wait till the loan officer Kathy came back from vacation ---It was Thursday and she would not be back until Monday.

Monday Morning Kathy Nordendahl emailed me all specifics about my loan including the 4.15% interest rate.

I had to submit a copy of my DL, Proof of Insurance, MSO, & copy of signed bill of sale. No previous years tax return, w-2, or paystubs Essex will send you the loan docs, that must be notarized....4 different signatures. My cost was $10.00 a signature. They sent the docs with a prepaid overnight Fed Ex envelope. Filling out the Costco Essex online app through Funding took 12 days, 9 of which where business days.

My Experian Consumer credit score was 755 (From Essex). Funny the dealership stated my credit score was 712 they could only get me funded at 5.9%. HHHHHMMMMMM
4.15 vs 5.9 on $127,000 financed. Well you do the math. I would have been approved immediately at the dealer but look at the amount you save over 20 years.

The Costco Essex process was defined and everything that Kathy stated happened like clock work. I have not seen any other Bank that will finance for 20 years at 4.15% You do have to put at least 10% down and that is on the after tax, license, warranties, fees amount. The process is a bit longer but in the long run you will save a ton of money. I pick up my 2015 Challenger 35 HT this Saturday.

I read terrible reviews before applying and was seriously skeptical. Well looking back, all I can say is Costco Essex is awesome. 5 stars out of 5. Ask for Kathy ...Tell her Wes says she is Awesome.
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Old 07-26-2016, 12:48 AM   #2
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Brand: Still Looking
State: California
Posts: 11
THOR #4779
good information. Is there a minimum credit score they require for financing?
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Old 07-26-2016, 04:29 PM   #3
Junior Member
 
Brand: Thor Motor Coach
State: California
Posts: 11
THOR #1054
Costco RV Loans

Just checked and it looks like Costco no longer offers the loan I got but, Essex still offers low interest RV loans ...20 years at 4.49 got to https://www.essexcredit.com/home/rv/

Minimun credit score is 690 to take advantage of the rates shown. If you have 690 or above you will get the advertised rate.

Wes
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US Navy (Ret)
Perris, CA
2015 Thor Challenger 35 HT
Over The Hill Gang Vet Motocross Club
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