RV loan example
An $85,000 motorhome with $17,000 down leaves $68,000 to finance. At 7.9% APR:
| Term | Monthly payment | Total interest |
|---|
| 10 years | $821 | $30,573 |
| 15 years | $646 | $48,266 |
| 20 years | $565 | $67,493 |
The extra 10 years save about $257 a month but add almost $37,000 in interest.
Budget for the whole trip, not just the loan
- Insurance and registration: often several hundred to a few thousand dollars a year.
- Fuel: large motorhomes may get under 10 miles per gallon.
- Campground fees and storage when the RV is not in use.
- Maintenance: tires, roof sealing, generator service and appliance repairs.
Ways to lower the cost
Shop rates at credit unions and specialty lenders, consider a lightly used RV (the steepest depreciation has already happened), and add even a small extra payment each month. The extra payment box above shows the interest you save.
Looking at boats too? See the boat loan calculator.
Last reviewed October 2026.
Frequently asked questions
What is a typical RV loan term?
RV loans often run 10 to 15 years, and some lenders offer up to 20 years for large, new motorhomes. Smaller travel trailers and older RVs usually get shorter terms.
How much should I put down on an RV?
Lenders commonly ask for 10% to 20% down. Putting more down lowers your payment and reduces the risk of owing more than the RV is worth, since RVs depreciate quickly.
Can an RV loan interest be tax deductible?
In some cases. If the RV has sleeping, cooking and toilet facilities, the IRS may let it count as a second home, so interest could be deductible if you itemize. Tax rules are complex, so check with a tax professional.
Is it better to choose a longer RV loan?
A longer term gives a smaller payment, but you pay far more interest. In the default example, stretching from 10 to 20 years cuts the payment by about $257 a month but more than doubles the interest.
What credit score do I need for an RV loan?
Many lenders look for scores in the high 600s or above for the best rates. Lower scores may still qualify but usually with a higher rate or larger down payment.