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.