A Smart Buyer’s Guide to RV Financing

RV Financing Doesn’t Have to Be Hard! Here’s What to Know

Whether you’re planning cross-country road trips, long weekends at the lake, or a new snowbird lifestyle, an RV can give you the freedom to travel on your own terms. But unless you’re paying cash, RV financing will be part of the journey—and it’s important to do it the smart way.

At Crossroads Trailer Sales, we help buyers of all experience levels get the best RV for their needs—and the right financing to go with it. This comprehensive guide covers everything you need to know about financing your RV, including budgeting, loan options, insurance, tax tips, and more.

 Set a Realistic Budget

Before you fall in love with a particular RV model, figure out how much you can comfortably afford. While the monthly loan payment is a key factor, it’s just one piece of the puzzle.

Here’s what you should include in your RV budget:

Many new owners are surprised by the cost of tires, roof resealing, battery replacements, and annual inspections. Build in room for those “hidden” costs and set aside a maintenance fund each year. If you find yourself in need of maintenance, call us for on-site RV service or mobile RV service in South Jersey!

Check Your Credit and Know Your Loan Options

Your credit score plays a big role in what interest rate and loan terms you’ll qualify for. In 2025:

• A credit score of 720+ generally qualifies for the lowest interest rates.
• Scores between 650–719 may still get good terms, though possibly with higher rates.
• Scores under 650 may require larger down payments or shorter loan terms, but financing may still be available.

RV Financing Options:

• Dealer Financing: Convenient and fast. At Crossroads, we work with multiple lenders to help you compare options and secure competitive rates.
• Credit Unions & Banks: Often offer lower rates, especially if you have an existing relationship.
• Online Lenders: Easy to apply and compare terms, but be sure to check their reputation.

Most RV loans are available in terms from 10 to 20 years, depending on the amount financed. Shorter loans save you money on interest, while longer terms lower your monthly payment.

Get Pre-Approved Before Shopping

Getting pre-approved for an RV loan is a smart move that helps you:

To get pre-approved, you’ll need documentation such as proof of income, employment history, a government-issued ID, and an idea of your down payment. Most lenders prefer 10%–20% down, but options are available for lower amounts depending on credit.

Plan for Maintenance and Unexpected Costs

Even the best RVs require regular upkeep. These are more than just a vehicle or a regular trailer. That means more systems, more moving parts, and more potential repairs over time.

Common Maintenance Needs:

• Roof resealing and inspections
• Tire replacements every 5–6 years
• Generator and battery maintenance
• Brake and suspension checks
• Slide-out and seal lubrication

Setting aside $1,000 to $2,500 per year for maintenance and repairs is a good rule of thumb. It’s also a smart idea to consider an extended warranty for additional peace of mind.

Understand Depreciation and Resale Value

Like cars, RVs lose value over time. In fact, many depreciate 30%–40% within the first five years. That’s why it’s important to buy a model that fits your lifestyle now, but also holds value if you want to trade or sell in the future.

Ask our team which brands and floor plans retain their value best, especially if you’re thinking of upgrading in a few years.

Don’t Forget Insurance and Protection Plans

Financed RVs must carry full coverage insurance, including:

• Extended Warranty: Helps cover major systems and repairs not included under manufacturer warranty.
• Roadside Assistance: Critical if you’re traveling far from home.
• Anti-Theft Devices: Some insurers offer discounts for GPS trackers, wheel locks, or hitch locks.

At Crossroads Trailer Sales, we can help connect you with trusted insurance providers and explain optional coverage add-ons.

Explore Tax Benefits and Incentives

Depending on how you use your RV, you might qualify for tax deductions or credits.

Potential tax benefits:

• Mortgage interest deduction if the RV qualifies as a second home (must include sleeping, cooking, and bathroom facilities).
• Federal tax credit for solar panel systems or clean energy upgrades.
• Depreciation and expense deductions if you rent out your RV part-time.

We recommend speaking to a CPA or tax advisor to understand what’s available in your specific situation.

Consider Refinancing Later

Just because you locked in a loan today doesn’t mean you’re stuck with it forever. Many RV owners choose to refinance after:

• Improving their credit score
• Market interest rates drop
• Wanting to reduce monthly payments

Even shaving off 1–2% from your interest rate can lead to thousands in savings over time.

Work With a Dealer Who Has Your Back

At Crossroads Trailer Sales, we’re more than just a dealership; we’re your long-term RV partner. From helping you find the right RV to securing smart financing, to ongoing RV service, we’re here to guide you every step of the way.

Our finance experts are friendly, experienced, and dedicated to getting you into your dream RV, without hidden fees or last-minute surprises.