Thinking about buying an RV? Whether you’re dreaming of weekend getaways or full-time travel, financing your RV is often the first step. In this guide, we’ll walk you through how RV loans work, what to expect, and how to get the best deal.
What Is an RV Loan?
An RV loan is a type of financing used to purchase a new or used recreational vehicle. Like an auto loan, it allows you to pay for the RV in monthly installments over time—typically anywhere from 5 to 20 years.
What Do Lenders Look At?
To qualify, lenders usually evaluate:
- Your credit score
- Debt-to-income ratio
- Employment history
- The value and age of the RV
Don’t worry if your credit isn’t perfect—many lenders, including us, offer RV loan options for all credit types.
How Much Can I Borrow?
RV loan amounts can range from $10,000 to over $300,000, depending on the type of RV and your financial situation.
Tips for Getting the Best RV Loan
- Get Pre-Approved: Know your budget before you shop.
- Compare Interest Rates: Even a small difference in rates can save you thousands.
- Know the Total Cost: Factor in insurance, maintenance, and storage.
Final Thoughts:
Buying an RV is an exciting journey. Let us help you finance it with a loan that fits your needs and gets you on the road fast.
