Buying an RV is an important if not daunting financial decision. It’s a significant purchase in price alone. And then you have to consider the lifestyle costs, including everything from fuel to RV-specific insurance to maintenance to off-season storage. The key to a financially successful RV lifestyle is an in-depth knowledge of what things cost, what you can afford, and what steps you can take to budget. And that’s especially true when it comes to financing the purchase of an RV — the most significant cost of the lifestyle.
The experience of buying an RV falls somewhere between buying an automobile and buying a house (appropriately). It’s a significant investment because of the sheer dollar amount and because of its long-term value. What you pay now will be relevant in ten or twenty years when you are either still paying off a loan, selling the RV, or trading it in. But pay the wrong price or get the wrong financing term and it could affect you later.
You can secure good financing terms now that will be of considerable benefit further down the road. There are things you can control to impact your terms. Here, we’ll cover factors like down payment amount, credit score, loan type, and financing options — all of which play an important role in determining what you will pay overall for the RV portion of the RV lifestyle.
Daunting? Nah. Empowering. The more you know, the better equipped you’ll be at the dealership to find the RV that makes the most sense with your budget and to secure terms you understand and are capable of maintaining.

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