How hard is it to finance your motor home?

37 galley facing frwd.jpgx   Actually it’s a lot easier than you might think. One important factor is that lenders typically consider RV buyers to be reliable and financially sound. A little under 1.5 percent of all RV loans are delinquent, which leads lenders to extend favorable loan terms that make owning an RV more affordable, according to a survey of RV lenders conducted by the Recreational Vehicle Industry Association (RVIA).

Large luxury diesels like the ones we sell typically have a loan life from 10 to 15 years. Whether your new RV is financed through a bank, savings and loan, finance company, credit union, or RV dealer, eight out of 10 lenders usually require less than 20 percent down payment. About 30 percent of all lenders require a down payment under 10 percent.

How do you know when it’s time to sell your motor home?

How do you know when it’s time to sell your RV? That can be a difficult question to answer. However, there are some universal telltale signs that can help you determine if it may be time for you to let go of your motor home.

Loss of Excitement

Buying an RV is usually an event that’s filled with excitement and joy about the good times and travels that lie ahead. Being out on the open road and doing whatever you’d like is something that a lot of people look forward to when they first purchase their motor home. However, the RVing lifestyle isn’t always the best fit for everyone. You may find that you don’t like being away from family or maybe you don’t enjoy all the driving involved in RV living. Suddenly, you find yourself not really excited about the motor home journey ahead and that’s okay! Life gives us many options for hobbies, retirement and travel.

Financial Burden

RVs are a great way to live and travel for a lot of people. They can be affordable but there are still costs associated with owning an RV. Gas, insurance, maintenance, campsite fees, etc. They can add up. Good planning can help keep you on budget but there are some things that you just can’t plan for despite your efforts. Gas prices can rise quickly and since this is a necessity for RV travel it can affect your ability to use your motor home at all. This can lead to your motor home becoming a financial burden for you.

Unable to Travel

Other unforeseen events can also keep you from traveling. An unexpected illness or injury can make RVing difficult or impossible. Family obligations can come up that would make traveling inconvenient or untimely. There are many reasons that travel may have to be put on the backburner. Whatever the reason, paying for a motor home that you do not use is money that could be better invested elsewhere.

All of these situations would indicate that it may be the right time for you to consider selling your RV. Having cash in your hand to spend on necessary expenses is much better than having an unused motor home sitting in storage or your driveway. Sell RV Now can take that RV off of your hands quickly and simply. All from the convenience of your home because we come to you! Contact Sell RV Now and let us get the process started!