Your Ultimate Adventure Guide to RV Shopping and Scoring Top Recreational Vehicle Loan Rates

Are you planning to embark on an RV adventure this summer? Whether cruising along coastal highways or exploring scenic national parks, it's important to shop for the right RV and secure the best recreational vehicle loan. Below are tips on how to get started.

RV Shopping: Aligning Needs with Budget

Several RV types fit a wide range of needs and budgets. When shopping for the right RV, consider the various classes available:

• Class A RVs: Luxurious and spacious, ideal for large families or those who crave comfort on the road. Class A RVs are the largest and the most comfortable. They feature full-sized couches and TVs, full bathrooms, kitchens, and expandable bedrooms that can sleep up to 10 people. The price tags range from $60,000 to over a million for custom-built motorhomes.
• Class B Motorhomes: Compact yet versatile, perfect for solo travelers or couples seeking flexibility. Class B motorhomes, also called campervans, are a lot more modest. Built on full-size van platforms, they include scaled-down versions of the same amenities as Class A motorhomes in a more maneuverable, cheaper package. You’ll still have the kitchen and bathroom, but think postage-stamp size as opposed to full-sized rooms. At most, you can sleep three people in a Class B RV. The price tags range between $50,000 and $100,000.
• Class C RVs: Strikes a balance between luxury and practicality, offering enhanced amenities without the hefty price tag. Class C RVs aim for that sweet spot between the luxurious Class A and the no-frills Class B motorhomes. These start with cargo-van platforms and extend the wheelbase until it’s roughly equal to the length of a small bus. The price tags range between $60,000 and $200,000.
• Fifth Wheelers: For those who want the convenience of a home away from home! Towed by a pickup truck, they offer spacious living areas, separate bedrooms, and often luxurious amenities. Ideal for extended stays and priced anywhere from $20,000 to $150,000 or higher.

RV Financing: Secure Low Recreational Vehicle Loan Rates

Whether you opt for a new or used RV, Dow Credit Union provides favorable interest rates, straightforward eligibility requirements, and exceptional service.

• Lower Interest Rates and Cost Savings: Dow Credit Union offers competitive interest rates on RV loans, often lower than those offered by traditional banks and lenders. As a non-profit institution, we prioritize passing on savings to our members. This translates to lower monthly payments and reduced interest expenses over the life of your loan, leaving you with more funds to enjoy your travels.
• Members First Approach: For 87 years, Dow Credit Union has put members first. Our team takes the time to understand your financial needs and goals, ensuring a smooth and satisfying loan application process. Whether you’re a first-time RV buyer or looking to upgrade, we're here to guide you every step of the way.
• Flexible Terms: Flexibility is key when it comes to financing your RV. Dow Credit Union offers flexible loan terms, including longer repayment options, and tailored repayment plans to fit your budget. What’s more, our loans come with minimal fees, which further reduce overall borrowing costs.

Whether you're drawn to the luxurious expansiveness of a Class A motorhome, the compact versatility of a Class B campervan, or the balanced practicality of a Class C RV, choose one that aligns with your needs and budget. To help with your budget, choose a recreational vehicle loan that offers competitive rates and flexible terms. So, as you plan your travels, take the time to shop wisely for your perfect RV and trust in a reliable financial partner to help you hit the road with confidence and ease.

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Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. Membership eligibility required.