1115 S. Battlefield Blvd
Chesapeake Virginia 23322

Sales: 7575469207

1259 East Main Street
Salem Virginia 24153

Sales: 5404044160

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Benefits of Financing Your RV With a Dealer

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A recreational vehicle (RV) is a unique hybrid between a home and a vehicle. People of all ages love to pack up their RV and embark on an adventure to see the country without the hassles of flying or finding accommodations. But, RVs can easily cost over $50,000, which leaves most people looking for ways to finance their purchase. Luckily, there are various options for RV financing to explore, including funding your RV with your dealer. 

What’s an RV Loan?

An RV loan lets you finance the purchase of a new or used RV, motorhome, or camping trailer. However, RV loans are usually different from car loans. Because recreational vehicles are more complex than cars, an RV loan can be quickly repaid over a few years, but some luxury RV vehicles can cost as much as $300,000, taking over 20 years to repay. 

Benefits of a Dealer RV Loan

From a dealership’s point of view, RVs loans can be pretty unique. They finance more like a second home. Financing over $50k with an approved credit score can be spread out over 240 months. 

“We understand how important credit scores are, and if you are shopping around for loans in multiple different areas, your credit score will suffer from being checked over and over. When we see the score and talk to the customer, we know which banks will give the best terms and rates. When you finance with a dealership, it is a one-stop-shop.”

  • Shannon Lindsey, American Family RV

Dealerships immediately get pertinent information from the customer for the bank. Then when clients come to pick up the camper, everything is done at once, making it easy for everyone.

1. More Benefits

Often the easiest way to apply for an RV loan is at the dealership. Most dealers will be able to offer you different financing options through partnerships or in-house lender options. Most of the time, when they handle the loans, it gives the buyer more opportunity to add extended service agreements, exterior protectant and products for tires, something outside lenders might not provide. 

2. Faster & Easier Approval Process

While you can obtain an RV through a bank or credit union, you need to get pre-approved before walking to the dealership. An extra step can get in the way of you finding your dream vehicle at the dealership or not. Instead, you can complete the entire process in-house when you choose to get your RV loan from the dealer. 

3. Negotiate Better Terms

An RV isn’t a small purchase, even if you choose a used one. Because you cut down middle-men and other lending companies, you can negotiate better with the dealer. When you buy an RV from a dealership, their goal is to get you out of there with a vehicle.

When it comes to financing your RV, choosing a dealer can help you protect your credit rating and keep the process streamlined and easier for everyone. 

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Geraldine Orentas is a writer for Happy Writers, Co. in partnership with Checkworks, retailer for business and personal checks.

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chesapeake virginia rv dealer american family rv

American Family Chesapeake

Rv Sales
1115 S. Battlefield Blvd
Chesapeake Virginia 23322

Sales : 7575469207

Hours:
Mon - Fri : 09.00 AM - 05.30 PM
Sat : 09.00 AM - 05.00 PM

Rv Service
102 Centerville Turnpike N
Chesapeake Virginia 23320

Service : (757) 546-9207

Hours:
Mon - Fri : 08.30 AM - 05.00 PM

chesapeake virginia rv dealer american family rv

American Family RV Salem

Rv Sales
1259 East Main Street
Salem Virginia 24153

Sales : 5404044160

Hours:
Mon - Fri : 09.00 AM - 05.30 PM
Sat : 09.00 AM - 05.00 PM

Rv Service

Hours:
Mon - Fri : 08.30 AM - 05.00 PM