Your Guide to RV Loan Terms
At Delmarva RV Center, we know that financing and understanding RV loans are crucial parts of buying an RV. Understanding loan terms can help you make the best decision for your budget. Here’s everything you need to know about RV loan options, including terms for new and used RVs and financing for RV trailers.

What is an RV Loan?
An RV loan lets you spread the purchase cost of an RV over time, similar to an auto loan. Alternatively to an RV loan, a personal loan can also be used to finance the purchase of an RV, though terms and interest rates may vary. Offered by banks, credit unions, and specialized lenders, these loans vary based on your credit, income, down payment, and the RV’s price.
How Long Can You Finance an RV?
Loan terms for RVs range from 2 to 20 years, depending on the lender, your credit, and the vehicle’s age and price. Newer, higher-value RVs may qualify for longer terms, up to 20 years, while used RVs and RV trailers often have shorter terms. Longer loan terms can decrease your monthly payments, but they may also increase the total interest paid over the life of the loan. It’s crucial to evaluate your choices and think about how interest rates will influence your overall costs.
Used RV Financing Options
For those asking, “How long can you finance a used RV?” — terms generally fall between 5 and 10 years, depending on the RV’s condition, age, and mileage. Your credit score greatly impacts the financing terms and interest rates when acquiring a used RV. Older RVs may require higher down payments and shorter terms, so be sure to factor this into your budget planning.
Loans for RV Trailers
RV trailers can be financed similarly to motorized RVs, with some lenders offering trailer-specific loans. The loan amount you qualify for will depend on the trailer’s value and your financial profile. The duration of loans can range from 5 to 15 years, and borrowers may be eligible for reduced rates if the trailer is relatively new or has a strong resale value.
Choosing the Right RV Loan Term
Balancing loan terms with your monthly payment is critical. Longer terms reduce monthly costs but increase interest over time, while shorter terms may have higher monthly payments but less interest overall. Delmarva RV Center recommends assessing your budget and planning monthly payments based on a comfortable range.

RV Financing Tips
- Shop Lenders – Compare lenders to find competitive rates and terms.
- Know Your Credit – Good credit often leads to better financing terms.
- Consider a Down Payment – A larger down payment can lower monthly payments and total interest.
- Consider Online Lenders – Online lenders can offer competitive rates and faster approval times than traditional banks.
Navigating RV Financing
Delmarva RV Center is here to help make your RV purchase simple and affordable. Whether you’re financing a new RV, used model, or RV trailer, our knowledgeable team is ready to guide you through your options. Visit us today to discuss financing and start planning your RV adventures! Check out our website to access our RV loan calculator, where you can estimate your monthly payment amounts and total interest costs.