How RV Financing Works: A Plain-English Guide

## Don't Let Financing Confuse You Buying an RV is one of the most exciting purchases you'll make. Don't let financing jargon get in the way. Here's everything you need to know. ## How RV Loans Work RV loans are installment loans — similar to auto loans but typically with longer terms (10–20 years) because of the higher purchase prices. Your monthly payment depends on: - **Loan amount** (purchase price minus down payment) - **Interest rate** (APR based on credit score and lender) - **Loan term** (longer = lower payment, more total interest) ## Current Rates (2025 Estimate) | Credit Score | Typical APR | |-------------|-------------| | 760+ | 6.49% – 7.99% | | 720–759 | 7.50% – 9.49% | | 680–719 | 9.50% – 12.99% | | Below 680 | 13%+ or denial | ## Down Payment Most lenders require 10%–20% down. A larger down payment: - Lowers your monthly payment - Reduces total interest paid - Helps you avoid being 'upside down' (owing more than the RV is worth) ## What to Bring - Government-issued ID - Proof of income (2 recent pay stubs or 2 years of tax returns if self-employed) - Proof of insurance ## Our Finance Department We work with 12 preferred lenders to find you the best rate available. Getting pre-approved takes about 15 minutes and doesn't impact your credit score for the initial soft pull. Come in today or apply online — we make it simple.