RV Loan Calculator

RV loans are specialized financing designed for purchasing recreational vehicles including motorhomes, travel trailers, fifth wheels, and campers. Our RV loan calculator helps you understand the true cost of RV ownership including monthly payments, interest, taxes, and fees to make an informed purchase decision.

Down Payment

Lenders typically require 10-20% down for RV loans. Larger down payments qualify for better rates and lower monthly payments. Some lenders offer 100% financing for buyers with excellent credit, but this typically comes with higher interest rates. Down payment requirements vary by RV type, age, and value. Class A motorhomes and luxury RVs may require larger down payments than travel trailers.

Loan Terms

RV loans typically range from 5-20 years depending on RV value and type:

• Class A motorhomes and luxury RVs often qualify for 15-20 year terms
• Travel trailers and older RVs typically max out at 10-15 years
• Shorter terms mean higher payments but significantly less interest paid
• Longer terms reduce monthly payments but increase total interest substantially

Interest Rates

RV loan interest rates vary based on several factors:

• Credit score: Excellent credit (740+) qualifies for the best rates
• RV age: New RVs typically get better rates (5-8%) than used RVs (7-11%)
• Loan amount: Larger loans may qualify for better rates
• Lender type: Credit unions often offer lower rates than banks or dealer financing
• Seasonal timing: Rates often improve during RV show season or end-of-model-year clearances

Trade-Ins

Trading in your old RV reduces the taxable amount and loan principal. Get multiple trade-in quotes from dealers, online buyers, and private sellers. Consider private sale for potentially 10-20% higher value, though it requires more effort. Clean and service your RV before getting trade-in quotes to maximize value. Use our RV loan calculator to see how trade-in value affects your monthly payments and total costs.

Additional Costs to Consider

Beyond the loan payment, budget for these ongoing RV ownership costs:

• Insurance: $1,000-$4,000+ annually depending on RV value and coverage
• Storage fees: $500-$3,000+ annually if not storing at home
• Maintenance and repairs: Budget 3-5% of RV value annually
• Fuel costs: $500-$3,000+ per year depending on usage and RV type
• Winterization/dewinterization: $200-$800 per season in cold climates
• Registration and licensing: $100-$800 annually depending on state and RV weight
• Campground fees: $20-$100+ per night when traveling
• Depreciation: RVs typically lose 20-30% value in first 3 years

Using This RV Loan Calculator

Enter your RV price, down payment, and trade-in value to see accurate monthly payments. Adjust the loan term to balance monthly affordability with total interest costs. Include your state's sales tax rate and estimated fees for complete cost projection. Compare different scenarios using this RV loan calculator to find the financing structure that fits your budget. Remember that longer loan terms mean lower monthly payments but significantly higher total interest paid over the life of the loan.