Finance An RV

Why Finance Your RV

When you finance an RV instead of liquidating assets or paying cash, you're able to maintain personal financial flexibility while potentially taking advantage of some tax benefits. Of course, you should check those options with your tax advisor, but the interest on the loan can typically be deducted under certain circumstances. Remember that an RV is considered a qualified second residence if you designate it on your taxes each year.

You also have financial flexibility for investments or other properties depending upon your income to debt ratio. With the stock market in chaos this year, having cash on hand provides many more options and benefits than simply paying cash for an RV. 

It Can Be Challenging to Qualify for an RV Loan

Securing financing for an RV may be more difficult than getting financing on a car or SUV loan depending upon if there's a down payment, the loan amount, and the term-length of the loan. Because RV's can range from as low as $25,000 similar to a car to upwards of $150,000 which is closer to a mortgage. This brings us to credit and debt-to-income ratios that are going to come into play.

What credit score do you need for RV financing?

While some customers have been able to get RV financing with a credit score as low as the mid 600's, 670 and up begins opening up better options. The better your credit score, the better interest rates you can expect to receive.

What are typical RV loan terms?

Most RV loans range from 10-15 years, but some banks, credit unions, and other finance companies will provide loans of up to 20 years in length if the loan exceeds $50,000 or more. Many of the loans through our financing partners are for around 12 years.

What Can I Afford?

Understanding your budget prior to shopping for a new or used RV can save you a lot of hassle. Contact our RV sales team to determine what loan you qualify for in your financial situation.

Easy RV Financing

Our RV sales team has built great relationships with multiple brokerage firms that provide RV specific loans. Because of their specialty, we can help you secure the best possible loan and help you understand your options before you finish deciding on the right RV for you. No more hassle of having to wonder if you're approved for an RV or not. 

Your RV Broker - The Best RV Financing Team

At Your RV Broker we make financing your next RV simple and easy. Here are several reasons why our customers choose Your RV Broker for their financing needs:

• Your RV Broker has a group of RV specific lenders that can provide loan options before you choose your RV.
• Your RV Broker has more than a decade helping RV Buyers get a great deal on their RV. We offer some of the most agreeable RV financing solutions.
• Lower down payments. Avoid large down payments by working with our lenders and pay as little as 10-20% down.
• Low monthly payments. With loans typically 12 years long and sometimes longer, you can fit an RV into nearly any budget.