Much like buying a car, most people who buy an RV must first obtain financing. Many RVs are a major life purchase, and financing makes RVing afforadable, similar to how a person affords a home by getting a mortgage.
With that being said, you do want to be smart with how you handle your finances. Unlike houses, RVs depreciate the moment you drive them off the lot. By being careful when financing your RV, you are more likely to be happy with your purchase, plus you’ll be able to save the most money.
Here are my tips for financing an RV:
Improve your credit score.
Before you set out to buy an RV with a loan, you should make sure your credit score is as high as you can get it.