Travel Trailer Loans (RV's)??

firemartinez1980 · ‎08-03-2021

I am sorry if this is not in the right spot, but has anyone recently taken out a loan for an RV?

What are the Rates? Length of Loans? Credit scores needed?

My Wife and I are looking into purchasing one in the near future, but want all details first as far as money and credit is concerned.

Any and all information is appreciated.

Sandman771 · ‎08-03-2021

DCU has some ridiculous rates especially with good credit.

Starting Score: EQ497/TU496/EX 499
Currently: EQ 620 TU 654 EX 627
in the garden since 6/16/2021

CCrew · ‎08-08-2021

RV's are considered a luxury purchase, along with things like boats, UTV's, etc. Tend to get lumped together by banks and insurance companies. As such rates are all over the place and not the same as getting a car loan.

Age of vehicle

Amount financed

Term of loan

Are all going to be factors. Good credit should get you in the 5-6% range. Newer RV's will get longer terms and better interest, older vehicles will start to hit caps on all categories. After 10 years old hard to get an RV loan unless you just pull an unsecured personal.