The majority of RV purchases involve financing. After all, most people don’t have the full sticker price of a camper sitting around in their savings!
Whether you know you’ll be taking out a loan or are contemplating one, it can help to understand the basic process. Read on for an overview and remember the friendly staff at Pete’s RV Center are here to answer questions or walk you through the process.
Evaluate Your Finances
Start by determining what your budget is – both regarding the monthly payment as well as the overall cost of the RV. This will guide your camper search.
Save Up the Down Payment
Most RV financing plans involve making a down payment up front, then recurring payments after that. The more you can pay upfront, the better! It’ll save you money in the long run with paying off interest fees.
Check Your Credit Score
Your credit score will influence the RV financing plan that you end up getting. Make sure to check your credit score and, if needed, work to improve it before you apply for the loan.
Consider the RV Financing Options
Some dealerships, like Pete’s RV Center, offer different RV financing options. At our dealership, for example, you can choose bi-weekly payment. Instead of one payment each month, you can make a half payment every two weeks. This can help make budgeting much easier!
For more information on RV financing or to get started finding your perfect camper, visit Pete’s RV Center. Our dealership is based in South Windsor, Connecticut, South Burlington, Vermont, and Plainville, Massachusetts. We also proudly serve those in Manchester, New Hampshire, Albany, New York, and all of New England.
