If you’re considering financing a used RV, such as a toy hauler, you may be wondering, “How long can you finance an RV?” Generally, RV loan terms span from 10 to 15 years. However, credit unions, banks, and other lenders have been known to extend loan terms up to 20 years. Extensions are typically given on loans of over $50,000 or with more collateral. Read on to learn more about loan terms and the role they play in loan repayment.
When you apply for a loan, lenders will look at the following to determine whether you qualify for a short-term or long-term loan:
If possible, it’s best to take out a loan with a shorter term. Longer loan terms have lower monthly payments, but short-term loans cost less overall and offer the following advantages:
Now that you know the answer to the question, “How long can you finance an RV trailer,” you’re ready to move forward with the next steps! The finance team at ClickIt RV Liquidation Center is here to guide you from start to finish, whether you’re financing an RV for the first time or buying from out of state. Contact us to learn how to apply for financing or visit us near Spokane Valley and Coeur d'Alene, ID to browse our RV specials and under-$15k inventory.
Home of the Best Used Trucks in Spokane The Professional Auto Buyers at ClickIt Auto and RV in Wandermere have done it again. It is hard to find a used Ford truck that hasn’t been heat to heck. Their reputation for being Built Ford Tough is tested daily as the most popular commercial truck on…
Are you shopping for a light-duty truck for sale near Spokane? You may be wondering, “How much can the GMC Sierra tow?” Since its 1999 launch, the GMC Sierra has offered impressive towing capacities that have only climbed throughout the years. The newest GMC Sierra 1500 can tow up to 12,200 pounds when properly equipped….
If you’re shopping for a full-size truck, you may be wondering, “How much can a Ram 1500 tow?” The Ram 1500 has a long and rich history of getting the job done for Spokane drivers. New models have a maximum towing capacity of 12,750 pounds, earning the truck a Best-in-Class V8 Engine Towing distinction. Whether…