How long can you finance an RV?

Summary:RV loans can be financed for up to 20 years, depending on the cost of the RV and the borrower's creditworthiness. When financing an RV, consider the down payment, credit score, and loan amount.

How Long Can You Finance an RV?

Are you considering buying an RV, but wondering how long you can finance it? RV loans are similar to car loans, but the terms can vary depending on the lender and the borrower's credit history.

Typically, RV loans can be financed for up to 20 years, but the length of the loan will depend on the cost of the RV and the borrower's creditworthiness. Here are some factors to consider when financing an RV:

1. Cost of the RV: The more expensive the RV, the longer theloan termwill be. Lenders will want to ensure that the monthly payments are affordable for the borrower, so they may extend the loan term to lower the monthly payment.

2. Down payment: The larger thedown payment, the shorter the loan term can be. A larger down payment will reduce the amount that needs to be financed, which can lead to a shorter loan term.

3. Credit score: Borrowers with a highercredit scoremay qualify for a shorter loan term and a lower interest rate. Lenders are more likely to extend a shorter loan term to borrowers with a good credit history.

4. Loan amount: The amount of the loan will also affect the length of the loan term. A larger loan will usually require a longer loan term to make the monthly payments more manageable.

When considering an RV loan, it's important to shop around for the best interest rates and loan terms. Many lenders offer RV loans, including banks, credit unions, and online lenders. Be sure to compare the interest rates, fees, and loan terms to find the best loan for your needs.

Investment Strategies for RV Owners

For those who plan to use their RV for travel and leisure, there are some investment strategies that can help make the most of your purchase. One strategy is to rent out your RV when you're not using it. Many RV owners use platforms like RVshare and Outdoorsy to rent out their RVs to other travelers, earning extra income to cover the cost of the loan.

Another strategy is to use your RV as a second home. Some RV owners use their RV as a vacation home, parking it at their favorite campground or RV park for extended periods of time. This can be a cost-effective way to have a second home, while also enjoying the freedom and flexibility of RV travel.


When financing an RV, it's important to consider the cost of the RV, your down payment, credit score, and loan amount. The length of the loan term will depend on these factors, as well as the lender's policies. By shopping around for the best loan terms and considering investment strategies, RV owners can make the most of their purchase.

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