RV Loans for 2026: What to Know Before You Buy
If owning a camper or RV is part of your plans for 2026, understanding your financing options early can make the process easier. RV loans are different from traditional auto loans, and knowing how they work can help you choose terms that fit your budget and travel goals.
RV Loan Rates and Terms in 2026
Interest rates and loan terms for RVs depend on several factors, including your credit profile, the type of RV you are purchasing, and the length of the loan.
- Loan terms commonly range from 10 to 20 years depending on the RV type and loan amount
- Rates may fluctuate with economic conditions, making it important to check current offers
- Motorhomes, travel trailers, and fifth wheels may all qualify for different terms
Checking current rates with MMCCU can help you understand what options are available before you start shopping.
New vs. Used RV Financing
Your financing experience may differ depending on whether you choose a new or used RV.
New RVs
- Often qualify for lower interest rates
- Higher purchase prices
- May allow longer loan terms
Used RVs
- Lower upfront cost
- Rates and terms may depend on age and condition
- Some lenders place limits on older models
Comparing total cost instead of just monthly payment can help you make a more informed decision.
Types of RV Loans Available
There are several ways to finance a camper or RV:
- Secured RV loans that use the RV as collateral and often offer lower rates
- Unsecured personal loans that do not require collateral but typically have higher rates
- RV-specific loans designed for recreational vehicles with flexible terms
MMCCU can help you review these options and choose the one that fits your needs.
Budget for the Full Cost of RV Ownership
Beyond the loan payment, RV ownership comes with ongoing expenses that should be included in your budget.
- Insurance and registration
- Maintenance and repairs
- Storage fees if parking space is limited
- Fuel and campground costs
- Accessories such as towing equipment or upgrades
Planning ahead helps reduce financial stress once you hit the road.
Down Payments and Monthly Payments
Most RV loans require a down payment of 10 to 20 percent. A larger down payment can lower your monthly payment and reduce interest over the life of the loan.
Why Get Pre-Approved for an RV Loan?
Pre-approval helps you shop with confidence by giving you a clear budget range and strengthening your position with sellers. It also speeds up the buying process once you find the right RV.
MMCCU offers RV loan pre-approval to help you move forward with confidence.
Why Choose MMCCU for Your RV Loan?
MMCCU offers competitive rates, flexible terms, and personalized service to support your RV purchase. Whether you are planning weekend camping trips or extended travel, the right loan can help make your plans a reality.
RV Loan FAQs
What credit score is needed for an RV loan?
Credit score requirements vary based on loan type and RV value. Higher scores generally qualify for better rates, but MMCCU offers options for a range of credit profiles.
Can I finance an older used RV?
Yes, though age and condition can affect eligibility, rates, and loan terms. Some lenders place limits on older models.
How long can I finance an RV?
RV loan terms typically range from 10 to 20 years, depending on the loan amount and type of RV.
Is RV insurance required?
Yes, insurance is usually required for financed RVs and helps protect both you and the lender.
Can I get pre-approved before choosing an RV?
Yes. Pre-approval allows you to shop with a clear budget and simplifies the purchase process.