What main types of loans does FCFS offer?

FCFS offers loans on any boat, RV or powersport collateral that is listed in NADA, and we specialize in 3rd party transactions (customer to customer).

What does my credit score have to be in order to get a loan from FCFS?

Financing is available for borrowers with a credit score between 580- 850.

How do we apply for a loan through First Class Financial Services?

Dealers or borrowers can apply with First Class Financial Services directly online @ www.firstclassfs.com 

What types of loans does First Class Financial Services offer? 

We offer financing options for:

RVs - Class A, B & C Motor homes, 5th Wheels, Travel Trailers, Pop-ups, Truck campers, Destination Trailers
Boats - Powerboats, cruisers, bass boats, Center console, Pontoons
Trailers - Cargo, utility, Horse - enclosed or living quarters, car haulers
Powersports - UTV/ATV’s, wave runners, lawn mowers and repowers (outboard engines only)

Are there contracts to start your services?

No contracts or financials are needed! Since FCFS is a direct lender, you can work with us EVEN if you are already signed up with another service provider.

What interest rates and terms can I be approved for?

Your interest rate has many variables, credit score being one of them, so it is difficult to quote a standard rate. Rates can range anywhere from 6.49% to 17.95%. The terms, depending on credit history and loan amount, range from 48 months to 240 months. The best part is all of our loans are simple interest loans written at a fixed rate! 

Can I get a loan if I had past credit problems, a bankruptcy, charge-offs, repossession, collections or a judgment? 

Yes, FCFS specializes in these types of loans. The bankruptcy will have to be discharged. 

What needs to be submitted with the credit application?

Dealers should send in a buyers order, a copy of the applicant’s driver’s license(s) and the invoice/bookout of the collateral the customer is looking to purchase.

Will my information be secure if I apply online?

Yes, FCFS uses a special encryption to make sure your information is secure.

How much of a down payment is required?

Some banks do offer a zero down program (W.A.C.) but 10% – 15% down is generally a down payment required in the recreational finance industry.

How long does the loan approval process take?

Once you fill out the credit application online, we will receive the application electronically and pull the credit. From that point, we will review the application/credit and go over any outstanding stips needed for a bank approval. We understand the importance of getting an answer back to the dealer or customer quickly. Depending on the credit score, most applications can be approved and contracted the same day!

How long is the loan approval good for?

Loan approvals from FCFS are usually good for 30 days and 60 days for ordered units.

Can I buy from a private party?

Yes, we specialize in private party transactions.

Can FCFS help me title a boat or RV that is out of state?

Yes. We have 2 title companies that handle all out of state transactions on your behalf.  

What is the oldest year unit you will finance?

Most banks will consider units up to 12-15 years old; however, we do have some lenders that will consider older units on a “case by case” basis.” Keep in mind, when financing older units higher rates, larger down payments and shorter terms become a factor. 

Can I add an extended service contract to the financing?

Extended service contracts, GAP insurance, tire & wheel/road hazard and Lithium battery protection are available on both boats and RV’s and can be added to the financing.

What additional information might you need with credit my application?

Additional information that may be required is: Driver’s license, proof of income (via most recent pay stub and/or personal tax returns) and in some cases a Utility bill to show proof of residence.