Financing Your RV

Factors that can affect your financing:

Trade-in Value

If you’re trading in an existing RV, you can use that value as part of your new/used RV purchase, thus making your loan amount smaller.


Many RVers use their home or other substantial assets as collateral for their RV loan. How much collateral you’ll need depends on how much you need to borrow.

Time Spent in RV

Part-time RVers have a permanent address and typically use their homes as collateral for their RV. But full-time RVers live a little differently, so their loans have to be structured differently too.

What to look for in your RV loan:

  • Low, fixed interest rates
  • Flexible terms
  • No application or hidden fees

Other tips:

  • Not having luck finding what you want with your existing bank? Try a local or smaller credit union. They often have more flexible terms and can grant loan approval when others might not.
  • Pay as much of your principal balance as you can, as soon as you can. This can mean making a larger down payment on your loan, or making bi-monthly payments to get beyond the loan’s interest.

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