Should I Get RV Financing from the Dealership?

by | May 25, 2020 | RV Owner's Guide | 0 comments

Should I Get RV Financing from the Dealership?

Purchasing an RV can add so much to your life, but it’s so small decision. RVs are an investment, and you want to be sure you find one you love but in your budget. That’s where RV financing comes into play. There are a few different options you have when it comes to financing. You can choose to use a lender, or you can choose a trusted RV dealer.

Here at, we trust our RV dealers to give their customers the best options they can. To find a dealer in your state click here! It can be difficult to find the right dealer for you, but with research and patience, you’ll be able to find one that you can be honest with.

Below, we cover a few reasons why we think you should finance through a dealer.

First things first…

Be educated and financially prepared before you finance an RV. Be sure you know the ins and outs of financing and that you have enough money in the bank to follow through. You might think you don’t need much money beforehand. (It’s a loan, right?) But there are fees you must consider, and saving for a down payment is never a bad idea. The higher your down payment is, the lower your interest rate will be, and you simply won’t have to finance as much.

Also, be sure the monthly payment you’ll be making is within your budget. You won’t want to drive off the lot in your new RV just to realize you can’t afford the payments.

The dealer does the work for you

When you decide to finance through the dealer, it ends up being a bit easier on your end because they’re doing the work on your behalf. Once you choose your RV, the dealer will then have you fill out a credit application. This gets sent to multiple lenders which allows you to choose the best rate to fit your needs. This way, you’re able to compare rates and decide at what rate you want to pay your RV off.

Sometimes, the dealer will negotiate a higher interest than what the lender is offering and pocket the difference as compensation. This is fine either way, but that decision is up to you to make. If you don’t mind a higher interest rate – go for it! Just be sure you have all the information before you decide.

Don’t forget – you can always pay more than the minimum payment amount!

Even if you do get a great deal on your RV loan, that doesn’t mean you can’t pay more than your monthly bill amount. Paying off your RV faster by paying more each month will open up a bit more money for you to spend on the road or in campgrounds. Try all you can to pay off your RV as quickly as possible!

If all else fails, you can always count on us here at to help you find the right lender! Click here to peruse our lender options. We also have a forums page that is full of helpful information.

At the end of the day, an RV is a massive investment and decision. Making sure the cost and financing line up with your budget will help you stick to your financial goals and will help you have fun memories of your RV instead of having a motorhome you simply can’t afford. As always, don’t hesitate to reach out about any questions or concerns you have!

As always, come back to the RVUSA blog for RV tips, exciting travel destinations, and so much more! Leave us a message below if you have any thoughts, memories or comments. We’d love to hear from you! If you’d like to receive our blog posts directly in your inbox, click here to join our free email list.

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