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Recreational Vehicle Financing

RV Financing Options

Financing for recreational vehicles (RVs) is a type of financing that is specific to recreational vehicles. It can be used for a variety of reasons, including purchasing an RV, upgrading an RV, or repairing an RV. There are different types of recreational vehicles, each with their own unique uses. Some people might need financing for an RV because the purchase price is too high for them to pay in cash. Others might need it to cover the costs of repairs or upgrades. No matter what your reason is, recreational vehicle financing can help you get the vehicle you want and keep you on the road.

What is a recreational vehicle?

There are different types of recreational vehicles, including:

  • Motorhomes
  • Travel trailers
  • Fifth wheels
  • Toy haulers

Each type of RV has its own set of features and uses. Motorhomes, for example, are typically used for long road trips or vacations. They come in a variety of sizes, from small Class B motorhomes to large Class A motorhomes. Travel trailers, on the other hand, are typically towed behind a car or truck and can be used for everything from weekend getaways to extended camping trips. Fifth wheels are similar to travel trailers but are designed to be towed by a pickup truck with a special fifth wheel hitch. Toy haulers are another type of RV that is designed for hauling recreational vehicles, such as ATVs or motorcycles.

What is the typical cost of a RV?

The cost of an RV will vary depending on the type of vehicle you purchase, as well as the geographical location and business you buy from. However, there are some general prices you can expect to pay for different types of RVs. For example, a small Class B motorhome can cost anywhere from $50,000 to $100,000. A large Class A motorhome can cost upwards of $500,000. Travel trailers can range in price from $15,000 to $100,000, and fifth wheels can cost anywhere from $30,000 to $150,000. Toy haulers can also vary greatly in price, depending on the size and features of the vehicle.

Industry Best Program

up to 120-month terms, rates from 8.99%, and max loan of $100,000

Streamlined Process

instant approvals, electronic docs, quick and easy loan process

No Prepayment Penalties

pay off part or all of your loan at any time with NO penalty fees

Our Most Popular RV Loans

ATV Loans

ATV loans for Can-Am, Honda, Kawasaki, Polaris, Suzuki, Yamaha, and Arctic Cat

Golf Cart Loans

Finance any golf cart from Club Car, E-Z-Go, Yamaha, Star EV, American Custom Golf Carts, Polaris GEM, Garia, Tomberlin, and more

Jet Ski Loans

Loans for Jet skis from Kawasaki (Jetski), Bombardier (Sea-Doo), Yamaha (WaveRunner), Honda (AquaTrax), Polaris (Sealion) and Arctic Cat (Tigershark)

Mobile Home Loans

Loans for Cappaert, Cavco, Champion, Clayton Homes, Commodore Corp, Deer Valley Homes, Destiny Industries, Eagle River Homes, and more

Motorcylce Loans

Motorcycle loans for BMW, Ducati, Harley-Davidson, Honda, Indian, Kawasaki, KTM, Suzuki, and more

Side by Side Vehicle Loans

Side by side vehicles from Arctic Cat, Polaris, Honda, Yamaha, Kawasaki, Can-Am, CF Moto, Kymco and more

Snowmobile Loans

Snowmobile loans for any Arctic Cat, Polaris, Honda, Yamaha, Kawasaki, Can-Am, CF Moto, Kymco and more

Scooter Loans

Scooter loans for Honda, Vespa, Yamaha, BMW, Genuine, Evolve, Boxx, California, Piaggo, Kawasaki, Aprilla, CF Moto

Personal Watercraft Loans

Loans for Sea-Doo, Gibbs, Yamaha, Kawasaki, Honda, Artic Cat and more

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Term (In Months)

Annual Percentage Rate

What are the benefits of financing a RV?

RV financing with PowerPay can help make your dream of owning a recreational vehicle a reality. With consumer benefits like soft credit pulls, no prepayment penalties, and low APR, PowerPay makes it easy and affordable to get the RV of your dreams. Applying is simple: just fill out an application, upload a treatment plan and driver’s license, and sign the loan docs. Once you’re approved, you’ll be on your way to hitting the open road.

How does RV financing with PowerPay work?

PowerPay offers rv financing with many consumer benefits including: soft credit pulls, no prepayment penalties, no deferred interest, low APR and a customer service team available for help, question and concerns. Here’s how it works:

  • Apply in the office or on our website. Your doctor may also email or text you a link to their customized application
  • Complete a form and fill out basic information about yourself
  • From there you will upload your Treatment Plan
  • Sign loan docs via e-signature

Once you are approved for your loan, the business you are purchasing from is funded for the cost of the RV and you will have 30 days to begin making monthly payments. Monthly payments are calculated depending on the loan term selected. There are no prepayment penalties and you have the option of paying off part or all of the loan early at no extra cost.

Save Time.

2-minute application, instant decisions, electronic docs

Save Money.

With low rates and longer terms, you get the lowest monthly payment.

Be Happy!

Stop waiting to improve your life – buy it now and pay over time.

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RV Financing FAQs

How to finance an RV purchase?

There are a number of different ways to finance an RV purchase. Some people take out a loan from the bank, some use their credit cards, and others take out a personal loan. There are also financing companies that specialize in RV loans. No matter which option you choose, it’s important to do your research and compare interest rates and terms before settling on a lender. Also be sure to read the fine print so you know exactly what you’re agreeing to.

What kind of RV vehicles can be financed?

Many RV vehicles can be financed. Some examples include Class A, Class B, and Class C motorhomes, as well as fifth-wheel trailers, travel trailers and folding camping trailers. If you’re not sure which RV is right for you, consult with a trusted dealer who can help you find the perfect vehicle for your needs.

How to get an RV loan?

You’ll need to fill out an application form, providing your banking information. You have the option of how much money you want to borrow for this purchase, set typically at any dollar amount between $5,000 and the maximum loan amount that has been determined by your lender. Applicants are expected to meet all eligibility requirements prior to filling out any loan applications which vary from one lender or mortgage broker to another but usually include things like credit score, income level and debt levels.

How does RV financing work?

When you finance an RV, the lender will pay the dealer for the RV and you will make monthly payments to the lender. The terms of your loan will depend on a number of factors, including the price of the RV, your credit score, and how long you want to take to pay off the loan. Most lenders allow borrowers to finance up to 100% of an RV’s purchase price. This means that you don’t need to have a large down payment saved up in order to buy one. And many lenders offer low interest rates and flexible repayment terms on RV purchases making the decision to use a loan even more appealing.

How long can you finance an RV?

You can finance an RV for up to 20 years, but the terms and repayment options available will depend on the lender you work with. Some lenders may offer a fixed interest rate, while others may offer a variable interest rate. It’s important to compare rates and terms from different lenders in order to find the best option for your needs. When considering financing an RV, it’s important to remember that the purchase price is not the only cost associated with owning one. There are also ongoing costs such as insurance, registration, and repairs/maintenance that need to be factored in. So be sure you have a realistic idea of what your total costs will be before committing to financing an RV.

PowerPay Consumer RV Financing & Loan Options FAQ

To learn more about PowerPay financing and loan options available, read our borrower FAQ.