RV Loan Calculator
Calculate your RV loan payments, total interest, and compare financing options for motorhomes, travel trailers, and campers.
New RV: Better rates, longer terms, higher loan amounts
Used RV: Slightly higher rates, shorter terms
Additional Costs
Payment Summary
Monthly Payment:
$0.00
Total Loan Payments:
$0.00
Total Interest:
$0.00
Payoff Date:
N/A
Annual Ownership Costs
Insurance:
$0.00
Maintenance:
$0.00
Site Fees:
$0.00
Total Annual Cost:
$0.00
Loan Analysis
Loan Amount:
$0.00
Interest Rate:
0.00%
Loan Term:
0 years
Total Cost of Ownership:
$0.00
Understanding RV Loans
RV loans are specialized financing options for purchasing recreational vehicles including motorhomes, travel trailers, fifth-wheels, and campers. Understanding the different types of RV loans and their requirements can help you make informed decisions about financing your mobile lifestyle.
Types of RV Loans
New RV Loans
- Financing for brand new RVs
- Lower interest rates
- Up to 100% financing available
- Longer repayment terms
Used RV Loans
- Financing for pre-owned RVs
- Slightly higher interest rates
- Typically 80-90% financing
- Shorter loan terms
RV Refinancing
- Refinance existing RV loans
- Lower interest rates
- Cash out available
- Extend loan terms
Private Party RV Loans
- Loans from private sellers
- Higher interest rates
- Fewer qualification requirements
- Shorter approval times
RV Loan Interest Rates (2024)
| RV Type | Interest Rate Range | Typical Term | Down Payment |
|---|---|---|---|
| New Motorhomes | 5.9% - 9.9% | 10-20 years | 10-20% |
| New Travel Trailers | 6.5% - 10.5% | 10-15 years | 15-25% |
| Used Motorhomes | 7.5% - 12.5% | 7-15 years | 15-30% |
| Used Travel Trailers | 8.5% - 13.5% | 5-12 years | 20-35% |
RV Loan Requirements
Qualification Factors
Credit Requirements
- Credit score: 650+ preferred
- Good payment history
- Debt-to-income ratio under 45%
- Stable employment/income
RV Requirements
- Title in good standing
- Recent inspection for used RVs
- Proper registration
- Insurable condition
Documentation Needed
- Proof of income
- Driver's license (CDL if applicable)
- Insurance quote
- Residence verification
Loan Terms
- Loan amounts: $10K - $500K+
- Terms: 5-20 years
- Fixed interest rates
- RV as collateral
RV Ownership Costs
One-Time Costs
- Registration and title fees
- Sales tax (varies by state)
- Delivery and setup fees
- Accessories and modifications
Recurring Costs
- RV insurance (higher than auto)
- Maintenance and repairs
- Fuel costs (gas/diesel/propane)
- Campground/site fees
Seasonal Costs
- Winterization/storage
- Spring commissioning
- Tire replacement
- Appliance servicing
Licensing Requirements
- Vehicle registration
- Driver's license requirements
- Weight ratings compliance
- State-specific regulations
Key Takeaways for RV Loans
- Consider total ownership costs beyond loan payments
- Get a professional RV inspection for used purchases
- Factor in campground fees and travel costs
- Check towing vehicle compatibility
- Consider depreciation when financing
- Get comprehensive RV insurance
- Shop around with multiple lenders
- Understand all fees and financing costs