Don’t Finance an RV Without Reading This First!

Hitting the Road Without Breaking the Bank: A Guide to RV Financing

The open road, the smell of pine trees, and campfire stories – the allure of RV travel is undeniable. But before you dive headfirst into camping life or full-time RVing, there’s the not-so-glamorous part of RV financing.

Fear not, fellow RVers! This RV financing guide will equip you with the knowledge to navigate the world of RV loans and get you on your way to cruising comfortably.

Understanding RV Loans

Similar to car loans, RV loans allow you to finance the purchase of your recreational vehicle. You’ll borrow a certain amount from a lender, typically a bank or credit union, and repay it with interest over a set term.

Interest rates and loan terms will vary depending on your credit score and history, the loan amount, and the lender. Generally, you can expect APRs (annual percentage rates) to range from around 6.99% to 19.95%, with loan terms lasting between 60 and 240 months.


Don’t forget, some items can be added into the financing deal to help you pay for them over time. Examples include:

  • Washers & Dryers
  • Slide toppers
  • An additional RV Air Conditioner, if available
  • Generators
  • Other RV Parts & Accessories
  • Extended Service Plans
  • And more!

Tips for getting the best RV loan

  • Check your credit score: A good credit score will qualify you for better loan rates. Aim to improve your score if it’s on the lower side.
  • Consider a down payment: A larger down payment reduces the loan amount you need to borrow and can sometimes lead to a lower interest rate.
  • Calculate your budget: Factor in not only the monthly loan payment but also insurance, maintenance, and campground fees.

Financing Options to Explore

  • Traditional RV loans: These are your standard loans from banks and credit unions.
  • Home equity loan/line of credit: Leverage your home equity for potentially lower interest rates, but be cautious about using your home as collateral.

The Final Checklist

Before finalizing your loan, ensure you understand:

  • The interest rate and APR.
  • The loan term and monthly payment.
  • Down payment requirements.

The Takeaway

With the sales and finance teams at Country Roads RV Center, rest assured we can help you find the perfect RV for sale and offer the financing options that fit you best! Come by, give us a call or check out our selection online at www.CRRVC.com/inventory!

Country Roads RV Center - NC RV Dealer
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