RV Loan Calculator
Calculate monthly payments, total interest and true cost of financing a recreational vehicle.
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Frequently Asked Questions
What credit score do I need for an RV loan?
Most RV lenders require 660+ for standard approval, 700+ for the best rates. RV loans under $10,000 may be treated as personal loans with higher rates. Lenders like Good Sam Finance, Bank of the West, and local credit unions specialize in RV lending. Rates range from 6-15% depending on credit, down payment, RV age, and loan term.
New vs used RV financing: what is different?
New RVs: easier to finance, longer terms available (up to 20 years), better rates. Used RVs: higher rates, shorter max terms (typically 10-15 years for units under 10 years old, 5-10 years for older units), and some lenders will not finance RVs over 10-15 years old. Private party purchases may require personal loans instead of RV-specific financing.
What are true annual costs of RV ownership?
Beyond the loan: insurance $800-$2,500/year, storage $1,200-$4,800/year (if not stored at home), fuel $0.12-0.25/mile depending on RV size and MPG, maintenance and repairs $1,500-$5,000/year (budget 1-2% of purchase price), campsite fees $20-$150/night, and depreciation (Class A motorhomes lose 30% in first year, towable RVs 15-20%). Total annual cost typically $5,000-$15,000+ beyond the loan.