Compare RV loans — How to get the best rates for motorhome finance

RV loans — Get competitive rates and terms when financing a motorhome

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money.

Have an RV in your sights but don’t have the cash on hand? You have lots of ways to finance your purchase.

Do you have dreams of traveling the country in the comfort of an RV? Traveling in a house on wheels can save you money — if you can get the money to buy one. There’s financing available to buy RVs of all sizes. Find out more about financing your RV and find lenders.

What are my RV financing options?

When it comes to financing your RV, you have a few options to choose from.

Dealer financing

Many RV dealerships offer financing to qualified borrowers when they choose to purchase an RV. Much like car dealerships, you should come prepared with another preapproved offer to negotiate interest. You may be able to get a low rate if you have excellent credit and a down payment on your new vehicle, and if you need low monthly payments, some dealerships offer financing terms of up to 20 years.

Car loans

Some banks, credit unions and online lenders have car loans available for RVs. Loan amount and terms will vary by lender. However, a car loan it may be more difficult to qualify for than dealer financing or a personal loan. This is because RVs depreciate quickly, and many owners end up owing more on the loan than the RV is worth. Examine your options carefully and don’t borrow more than you need when applying for a car loan to cover your RV purchase.

Personal loans

Personal loans can work for a variety of purposes. There’s likely a lender willing to work with you no matter your income or credit score. You can apply for a personal loan from a traditional lender, like a bank or credit union, or a nontraditional lender that operates online.

Some lenders offer loan amounts up to $100,000, while others focus on borrowers who may have less-than-perfect credit. If you’re looking to purchase an RV and want funding before you set foot at an RV dealership, then a personal loan may be a good way to secure financing to give you a better idea of how much you can afford.

Compare RV loans

Rates last updated August 22nd, 2018

Reveal your potential loan offers and rates

Answer two quick questions to filter the loan offers and get the best one for you.

Select your credit score range

I don't know my credit score

Finally, select where you live.

To get your credit score:

Experian logo

Experian is a leading provider of personal and business credit reporting. Find out your FICO score now for less than the cost of a cup of coffee.

Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
Name Product Product Description Minimum Credit Score Term of Loan Requirements
car.Loan.com Car Loans
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
300
Varies by lender
Must be at least 18 years old, a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Auto Credit Express Car Loans
Get connected with an auto lender near you, even if you have bad credit.
300
Typically 3 to 6 years
Must be at least 18 years old and a current resident of the US or Canada. Must be employed full-time or have guaranteed fixed income of at least $1,500/month.
LendingClub Auto Refinancing
Lower your monthly car payments and save on interest through a fast and easy online application process.
Fair or poor credit
Minimum of 2 years
Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
MotoRefi Car Loan Refinancing
A car loan connection service for borrowers looking to refinance.
525
1–6 years
Must have an income of at least $2,000/month and have a vehicle with less than 100,000 miles.
myAutoloan.com Car Loans
Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.
550
24 to 84 months
Must be at least 18+ years old; have a Social Security number; make $24,000+/year; have no open bankruptcies.
LendingTree Auto Loans
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
670
Typically 1 to 7 years
Must be a US citizen and 18+ years old. Must have good to excellent credit.
Capital One Auto Financing
You could qualify for a car loan of up to 40000, but not all dealers accept this bank's financing.
Good to excellent credit
36 to 72 months
At least 18 years old, have a valid street address, have existing Capital One accounts in good standing. Car must be a 2006 model or newer with less than 120,000 miles.
Wells Fargo Auto Loans
Auto loans with high loan amounts to cover your car purchase or refinancing needs.
Good to excellent credit
1 to 6 years
Your income and assets must support your existing debt obligations and the desired loan amount.

Compare up to 4 providers

Rates last updated August 22nd, 2018

Reveal your potential loan offers and rates

Answer two quick questions to filter the loan offers and get the best one for you.

Select your credit score range

I don't know my credit score

Finally, select where you live.

To get your credit score:

Experian logo

Experian is a leading provider of personal and business credit reporting. Find out your FICO score now for less than the cost of a cup of coffee.

Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
Name Product Product Description Min. Credit Score Max. Loan Amount APR
Credible Personal Loans
Get personalized rates in minutes and then choose a loan offer from several top online lenders.
Good to excellent credit
$50,000
4.99%–36% (fixed)
LendingClub Personal Loan
A peer-to-peer lender offering fair rates based on your credit score.
660
$40,000
6.16%–35.89% (fixed)
SoFi Personal Loan Fixed Rate (with Autopay)
No fees. Multiple member perks such as community events and career coaching.
680
$100,000
7.075%–15.365% (fixed)
Even Financial Personal Loans
Get connected to competitive loan offers instantly from top online consumer lenders.
580
$100,000
4.99%–35.99% (fixed)
NetCredit Personal Loan
Check eligibility in minutes and get a personalized quote without affecting your credit score.
550
$10,000
34%–155% (Varies by state) (fixed)
Best Egg Personal Loans
A prime lender with multiple repayment methods.
640 FICO®
$35,000
5.99%–29.99% (fixed)
Monevo Personal Loans
Quickly compare multiple online lenders with competitive rates depending on your credit score.
580
$100,000
3.09%–35.99% (fixed)
FreedomPlus Personal Loans
Consolidate debt and more with these low-interest loans. Cosigners welcome.
640
$35,000
4.99%–29.99% (fixed)
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
Bad credit accepted
$5,000
99%–199% (fixed)
OneMain Financial Personal and Auto Loans
An established online and in-store lender with quick turnaround times. Poor credit is OK.
Varies
$30,000
16.05%–35.99%* (fixed)

Compare up to 4 providers

What types of RVs can I purchase?

No matter which road you chose to travel, there’s an RV out there for you. Make memories in a towable RV or a full-sized motorhome, or anything in between.

caravan-on-lake

How should I compare your RV loan options?

  • Find out the interest rate. Interest rates for RV loans are competitive, but use interest rates to compare loans to save money. Decide whether a fixed or variable interest rate is right for you and go from there.
  • Will the loan be secured or unsecured? RV loans can either be secured or unsecured. Unsecured loans can have less risk but they often have higher fees to compensate for this risk. Compare fees and charges once you’ve made your decision.
  • Are there flexible payment options? Most RV loans have flexible loan payments, offering anywhere from weekly to monthly payments.
  • See what loan terms are offered. The amount of money you borrow will influence the term length. But have an idea of how long it’ll take you to repay the loan before agreeing to anything.

What to avoid with a RV loan

  • Committing to a high loan amount. Make sure you’re not borrowing more than you can afford. If you’re in a lot debt or if your credit is poor, it may be a better idea to pay other debt down before taking on more debt. Growing your debt can dangerous and you’ll get better rates on your loan when you have better credit.
  • Any hidden surprises in your contract. Be sure to read the loan contract in full before you sign anything. Look out for hidden fees and terms.

Checklist for buying a camper trailer

Different strokes for different folk holds true when it comes to camper trailer shopping. But keep an eye out for a few things that can affect your travels if they’re overlooked:

  • Chassis. This is the base frame a trailer and plays a crucial role in holding it together. For more durability, look for a chassis made of high-quality materials — especially if you’re planing to carry heavy loads of drive off-road.
  • Suspension. Suspension springs should be strong enough to take the weight of the trailer as well as the load that it carries. Make sure you pay attention to their condition and find out if they’re suitable for off-road driving.
  • Tailgate and doors. Remember to check all seals, not just on the doors and the tailgate but also on all compartments and even the tool box to avoid damage from water and rust.
  • Towing. The towing coupling should be strong enough to take the camper trailer’s weight as well as all that it carries. For off-road driving, getting a coupling that turns 360 degrees is ideal. In addition, consider getting snatch points at the trailer’s rear section.
  • Protection. Camper trailers tend to flick up stones from time to time — even on paved roads. Some trailers deflect these stones by using built-in stone guards or shade cloth attachments to bridge the gap between the trailer and the car.
  • Tires. If you can manage to get the same set of tires on your trailer as on your main vehicle you can look forward to a smoother drive.
  • Trim. The canvas on your camper trailer should be durable, given that it provides shelter. But remember that lightweight canvas is quicker and simpler to set up. Check for water proof and mildew proof materials with no holes.
  • Bedding. Make sure there’s enough bedding for all your travelers — even measure the beds if they look small.
  • Possible add-ons. While the list of add-ons can be very long, most camper trailers tend to include water tanks, jockey wheels and awnings.

Are there any other costs I should expect with my RV?

Owning an RV is more than just paying the purchase price and driving away. When you commit to an RV, you need to make room in your budget for a number of related expenses.

  • Maintenance. RVs need yearly maintenance. The cost will vary on the age of your RV and how often its in use. If you tow a trailer, you should also factor your primary vehicle’s maintenance into this cost as well.
  • Fuel costs. It doesn’t matter whether you’ve opted for a diesel or gas engine — you’re going to be paying quite a bit in fuel. Before you start on a trip, look up average gas or diesel prices at regular points along your route and start saving.
  • Park fees. Some parks and campgrounds charge per night. Depending on how long you want to stay, you might quickly find that just having your RV parked on a slip can be a pricey expenditure.
  • Hookup fees. In a similar vein, you’ll likely have to pay to hook your RV up to electricity and plumbing. While it might not be as expensive as a hotel, you should still factor basic amenities into your budget when planning to buy an RV.
  • Storage. Unless you plan on living in your RV year-round or you have a space to keep it, you’ll have to pay for storage in the off-season. This can range from a few hundred dollars to a few thousand depending on where you live and the storage unit’s facilities.

How to apply for an RV loan

If a RV loan sounds like it’s right for you, applying for one is very easy.

Typically, to be eligible for RV finance you must be at least 18 years of age and a US citizen. You must also have a good credit rating and be able to provide the lender with your financial details — bank statements, pay stubs and any other documents relating to your personal income.

What documents will I need for my RV loan?

Your application will run much smoother if you have all your documents ready and available when you apply for your RV finance. You’ll need:

  • Valid form of ID and Social Security number
  • Employment information and proof of income
  • Personal details

Frequently asked questions

Image source: Shutterstock

Kyle Morgan

Kyle Morgan is a producer for finder.com who has worked for the USA Today network and Relix magazine, among other publications. He can be found writing about everything from the latest car loan stats to tips on saving money when traveling overseas. He lives in Asbury Park, where he loves exploring new places and sipping on hoppy beer. Oh, and he doesn't discriminate against buffalo wings — grilled or fried are just fine.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy and Cookies Policy and Terms of Use.
Go to site