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?
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.
Liability insurance is not an option in most states, although comprehensive and collision is - FWIW
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.