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 an 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.

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 your driver’s license, choose your loan terms, and sign the 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 and a customer service team available to help you through every step of the process. 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
• 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.