RV Loan Calculator
An RV loan is a specialized financing option for purchasing recreational vehicles, including motorhomes, travel trailers, fifth wheels, and campers. RV loans typically offer longer terms and competitive rates for qualified buyers looking to finance their dream RV.
- RV Loan Calculator: Calculate monthly payments for your recreational vehicle
- RV Types: Different financing options for various RV types
- RV Financing Tips: How to get the best RV loan rates
RV Loan Calculator: Calculate Your Monthly Payment
Use this RV loan calculator to determine your monthly payment for financing a motorhome, travel trailer, fifth wheel, or other recreational vehicle. RV loans typically range from 10-20 years with competitive interest rates.
Results:
| Loan Amount | $60,000.00 |
| Monthly Payment | $557.74 |
| Total of 180 Payments | $100,393.20 |
| Total Interest | $40,393.20 |
| Sales Tax | $6,375.00 |
| Total Cost (with tax) | $106,768.20 |
Types of RV Financing
Different types of recreational vehicles may qualify for different financing options:
Motorhomes (Class A, B, C)
Motorhomes typically qualify for the best RV loan rates due to their higher value and self-contained nature. Terms can extend up to 20 years for newer models.
Travel Trailers and Fifth Wheels
Towable RVs often have slightly higher interest rates than motorhomes but still offer competitive financing options with terms up to 15-20 years.
Pop-up Campers and Truck Campers
Smaller RVs may have shorter loan terms (10-15 years) and may require higher down payments due to their lower values.
RV Financing Tips
Improve Your Credit Score
A higher credit score can significantly reduce your RV loan interest rate. Scores above 700 typically qualify for the best rates.
Consider the Total Cost
Factor in insurance, maintenance, storage, and fuel costs when determining how much RV you can afford.
Shop Around for Rates
Compare rates from banks, credit unions, and RV dealers. Credit unions often offer competitive RV loan rates to members.
Consider Seasonal Timing
RV dealers may offer better financing incentives during off-season months (fall and winter).
RV Loan vs. Personal Loan
RV loans typically offer better terms than personal loans because the RV serves as collateral. This results in lower interest rates and longer repayment terms, making monthly payments more affordable.