RV Financing

RV Loan Calculator & RV Financing

If you’re considering purchasing an RV, Travel Trailer, or 5th Wheel camper, financing your new home on wheels may be a better option than paying in cash. At New World RV, we understand the importance of flexibility and affordability when it comes to RV financing. That’s why we work with the nation’s top lenders to provide our customers with the most competitive rates and flexible options. Our team of RV financing experts will work tirelessly to secure the best loan rates and motorhome financing options for you, so you can focus on planning your next adventure. Our Business Manager will even take the time to contact lenders on your behalf to ensure that you’re getting the best possible terms. Plus, if you use your RV as a second home, you may even be eligible for tax deductions on your interest payments. To help you learn more about your RV financing options, we also offer an online RV financing calculator that you can use to estimate your monthly payments and explore different lending options. Let us help you make your RV dreams a reality with our top-tier RV financing solutions.

Quick RV Loan Calculator
Cost of Vehicle ($):
Down Payment ($):
Annual Interest Rate (%):
Term of Loan in Years:
Frequency of Payments:
Calculate My Payment

This loan calculator is provided as estimated information only. Actual terms, down payment, rate & other factors will be provided by RV loan providers.

Fill out our quick and easy online RV Loan Application to get started!

The loan term and details for financing a new or used RV or camper are very similar. On average, RV loans range from 10-15 years, but many banks, credit unions and other finance companies will extend the term up to 20 years for loans of $50,000 or more on qualified collateral.

With flexible financing terms, buyers can also consider making extra payments or pay the loan off entirely before the term is up with no early payoff penalties.

RV Loan interest rates vary depending on criteria of the loan and creditworthiness.  All RV loan rates are typically fixed rates and are based on the current prime interest rate at the time of the loan, and Federal Reserve rate hikes may drive this number higher.  According to statistical data, The average RV loan rate on closed loans accessed through the various conditions & creditworthiness from January 2022 through June 2022 was 6.45% APR.

Because RVs are considered luxury items, a credit score of 600 or above is strongly preferred by RV lenders. It is possible to get an RV loan with bad credit, but you’ll pay higher interest rates, or be required to pay more down payment or add a co-application to the loan.

The best way to get an RV loan is to sfill out our online RV Loan application. If necessary, we will provide your credit information to several lenders to get the best offer. The credit bureaus allow a window of at least 14 days for consumers to rate shop. Multiple applications won’t reduce your credit score any more than one, as long as you do them within two weeks.

Yes, you can prequalify for an RV loan by calling us at  1-270-442-6477. In order to prequalify, certain lenders may require scanned (faxed/email) copies of income verification or other required documents.  You can also stop by our store and fill out a credit application on pen and paper.

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