Your credit plays a large part in your eligibility and interest rate, as does the size of the loan and your down payment. How RV Loans WorkĪs with any other loan, prospective borrowers submit an RV loan application that the lender reviews and evaluates based on several factors. For example, Bank of the West requests that customers use personal loans for RV purchases under $10,000 rather than RV loans.
Depending on the lender, you can find RV loans for around $25,000 that are repaid over a few years, but you also can find loans as hefty as $300,000 that are repaid over 20 years.įor very small RV purchases, you have the option of using a personal loan instead. RV loans also are separate from auto loans because they’re typically larger, more complicated purchases. Because RVs range from small and affordable to large and luxurious, RV loans also run the gamut with size and terms. What Is an RV Loan?Īn RV loan helps you finance a purchase of a new or used RV, motorhome or camping trailer that you can’t afford to purchase outright. Since an RV doesn’t fall in the typical car category and is often a much more expensive purchase, RV loans exist to help consumers finance these large, unique purchases. They’re a wonderful way to see the country without the hassle of flying, and you have built-in accommodations wherever you go. We strive for excellent service and we will look forward to speaking with you regarding your next trailer purchase.A recreational vehicle, also known as an RV, serves as a unique hybrid between a vehicle and a home. Our tenacious underwriting staff will work with you to get a great approval while always respecting your credit against unnecessary credit inquires. Our broad based lending portfolio and decades of recreational financing experience will make sure that you are getting the best rates and terms available.
If you’re purchasing a trailer out of state that you have not seen in person we will delay the funding until you are able to physically inspect the Trailer first. This includes sometimes tricky out of state titling and registration. Once approved, we will contact the seller and coordinate the details including funding and ownership transfer. In order to get started the only thing you will need is to do is fill out an application. Our expertise in private party financing will help guide you through the process to make sure that your transaction is safe and efficient. Many of our customers are finding the trailer they want to purchase out of town or even out of state.
You’re also not limited to a certain area. This option will help ensure that you are getting the best trailer for the best price available. We are a direct to consumer finance company that will give you the flexibility to buy from a private individual. Programs for Challenged Credit AvailableĪt Great RV Loan you’re not limited to buying from a dealer.Multiple Finance Programs available to ensure the best loan for your credit profile.Private Party and Dealership Financing available.These include, but are not limited to, travel trailers, 5 th wheels, horse trailers and utility trailers. In addition, we also have programs to cover almost every type of trailer available. Whether you have perfect credit, challenged credit or something in between our staff will custom tailor a finance program to meet your needs.
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