How does an RV Loan work?
We will loan you the money for a new or used RV, and you will pay it back with interest over a specified period of time. It doesn’t matter if you buy your RV from a dealer, a manufacturer, or an individual.
It’s good to plan ahead by getting preapproved for your RV Loan. That way you can have a better idea of what price range you should be shopping for. Being preapproved also gives you good negotiating power with the seller.
Elements can finance up to 90% of your RV's value, including tax and license. It’s a good idea, though, to put down at least 20% of the purchase price. Of course, the more you pay up front, the lower your monthly payment will be.
Whether you're interested in purchasing an RV or motorhome for road trips or would like to change your lifestyle, Elements can help you start your adventure.