An Outdoorsman’s Guide on How to Finance an RV

Your Friendly Guide to RV Financing with ANB RV

The call of the open road is strong, and the dream of owning your very own RV is an exciting one! At ANB RV, we understand that figuring out how to finance an RV can sometimes feel like uncharted territory. That’s why we’ve created this friendly guide to help you understand your options and make your RV adventure a reality. Let’s explore how easy it can be to finance your perfect home on wheels.

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What to Know About Financing an RV

Whether you’re picturing weekend getaways in a cozy travel trailer or extended explorations in a luxury motorhome, understanding the basics of how to finance an RV is key. While the fundamentals are similar to financing an auto, there are a few things to keep in mind as you consider your options.

Budget

Before falling in love with a specific model, take a realistic look at your budget. Consider not just the monthly loan payment, but also insurance, potential maintenance, and storage fees.

Credit Score

Your credit score plays a significant role in the interest rates and loan terms available to you. Generally, a higher score opens the door to more favorable options. There are more factors to your overall credit health than just the score itself, so you should consider your current debt-to-income, past payment history, and loan type history also.

Understanding Loan Terms

RV loans can range from 10 to potentially 20 years. Shorter terms mean higher monthly payments but less interest paid overall, while longer terms offer lower monthly payments but accrue more interest over time. Most personal loans are not offered for this length of term, so a specific RV loan is something to consider when purchasing.

Interest Rates

The interest rate is the cost you pay to borrow money. It’s influenced by your credit score, the loan amount, and the lender. Our goal at ANB RV is to help you find the most competitive rates possible. We can shop multiple banks at one time to find something that is sure to fit your needs.

Down Payment

A down payment can significantly impact your monthly payments and the overall cost of your loan. It also shows lenders your commitment to buy, so it is typical to see a 10% down requirement. There are options available that will vary by bank and the overall loan amount.

Financing Through First Class FS

First Class FS specializes in offering flexible financial solutions for high-quality recreational vehicles like ORC Campers. Their approach typically includes:

Streamlined Application Process

Submit your application with minimal hassle. A simple process helps you get pre-approved quickly so you can focus on planning your travels.

Tailored Financial Solutions

Whether you’re a first-time buyer or a seasoned traveler, First Class FS offers customized financing options that align with your financial situation and lifestyle goals.

Competitive Interest Rates:

By working with reputable lenders, they help secure competitive rates, ensuring that your monthly payments remain manageable over the term of your loan.

Expert Guidance:

Their team understands the camper market and is ready to help you navigate the financing process, ensuring that you have all the information needed to make an informed decision.

Credit Application

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Be a Happy Camper All Season Long

Financing your RV shouldn’t be a roadblock to adventure. At ANB RV, we’re dedicated to providing you with clear, straightforward financing options and expert guidance every step of the way. Take the first step towards your dream RV today! Have questions or prefer to speak with our financing team? Contact us today. We’re excited to help you embark on your RV journey!

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Need Assistance? We're Here To Help!

O) 817-241-1300

M) 817-751-2663

info@anbrv.com

ANB RV Showroom

7307 Business PI, Arlington, TX 76001, United States

10 mins from I-20 off S. Cooper St. & Harris Rd.

If you have any questions or need assistance with our campers or accessories, please feel free to contact us.

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