RV Loan Calculator
Calculate your monthly RV loan payment, total interest, and full cost of ownership. Compare new vs used RV financing and trade-in scenarios. Includes sales tax, extended warranty, insurance, storage, and depreciation.
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Extended More scenarios, charts & detailed breakdown ▾
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Professional Full parameters & maximum detail ▾
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Loan Summary
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How to Use This Calculator
- Enter the RV price, down payment, interest rate, and loan term for an instant monthly payment estimate.
- Use the New RV tab to model financing a new motorhome, fifth wheel, or travel trailer.
- Use the Used RV tab for pre-owned vehicles (typically higher rates, shorter terms).
- Use the With Trade-In tab to see how trading your current RV reduces the loan amount needed.
- Use the Professional tab for a complete ownership cost analysis including sales tax, extended warranty, insurance, storage, fuel/maintenance, and annual depreciation.
Formula
Monthly Payment = P × r × (1+r)^n / ((1+r)^n − 1)
where P = principal (price − down), r = monthly rate, n = term months
Annual Depreciation = (RV Price − Residual Value) / Depreciation Years
where P = principal (price − down), r = monthly rate, n = term months
Annual Depreciation = (RV Price − Residual Value) / Depreciation Years
Example
Example: $60,000 RV, $12,000 down, 8.5% rate, 15 years. Principal = $48,000. Monthly payment ≈ $473. Total interest ≈ $37,100. Add $550/month ownership costs = $1,023/month total.
Frequently Asked Questions
- RV loan rates typically range from 7% to 12%+ depending on credit score, loan amount, term length, and whether the RV is new or used. New, higher-value RVs ($50,000+) from strong-credit borrowers may qualify for rates near 7–8%. Used RVs and smaller loans typically carry rates of 9–12%.
- RV loan terms range from 5 to 20 years. New, larger RVs (Class A motorhomes, $100,000+) can qualify for 15–20 year terms. Smaller or used RVs are typically limited to 5–12 year terms. Longer terms lower monthly payments but significantly increase total interest paid and the time you may be upside-down on the loan.
- Most RV lenders require 10–20% down payment. A 20% down payment lowers your monthly payment, reduces interest costs, and prevents being underwater (owing more than the RV is worth) as the RV depreciates. Some lenders offer 0% down but at higher rates.
- Beyond the loan payment, expect to pay: insurance ($1,000–$3,000/year), storage ($1,200–$5,000/year or campground fees), fuel (RVs average 8–12 MPG), maintenance ($1,500–$3,000/year), registration/titling, and potentially an extended warranty. Total annual ownership costs often add 20–35% on top of loan payments.
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Sources & References (5) ▾
- CFPB — Recreational Vehicle Financing — Consumer Financial Protection Bureau
- Federal Reserve — Consumer Credit (G.19) — Federal Reserve
- Truth in Lending Act (Regulation Z) — Consumer Financial Protection Bureau
- FTC — Vehicle Financing Tips — Federal Trade Commission
- IRS Publication 463 — Travel, Gift, and Car Expenses — Internal Revenue Service