Best Ways to Finance a New RV

Are you interested in buying a new RV? If you don’t have the funds available right now, there are a variety of ways to finance it. Financing options are available for both new and used RVs for sale in NC. Consider these options to determine which one is best for you. 

Finance through the dealership

Most RV dealerships offer options for financing. You can usually apply in person or online. There may be one or more lenders the dealership prefers to work with, and your application may reach multiple lenders for approval. The best choice would be whichever lender offers you the lowest interest rate. If you have good credit, you will likely have many choices. If you have bad credit you may not have as many options and you may end up paying a higher rate. If you’re not happy with the rates you are offered through the dealership’s lenders, consider looking elsewhere. 

Finance through your preferred financial institution

If you have a trusted bank or credit union that you prefer to work with, inquire about whether or not they offer RV loans. Your preferred financial institution should value your business and may be more likely to offer you both approval and a decent rate. It’s easier to get approved with the bank where you receive your direct deposit and do the majority of your banking because they can look back over your account history and see evidence of your income and other loans you have with them, such as a mortgage, car loan, or credit card. If you’re in good standing with them, they may be willing to overlook bad credit history with other institutions. 

Finance online through an unknown lender

One of the riskier options is to finance your RV through an unknown lender you find online. When you don’t have any previous experience working with the lender, you may not know what to expect, such as the quality of customer service. Be sure to read the fine print about fees and the terms of the loan. Research the company to make sure they are a reputable lender that won’t go under or sell your loan to someone else who may have less desirable terms. Find out what options you have for making payments for your own convenience, such as automatic withdrawal. 

Find an Extensive Inventory of New and Used RVs for Sale at Out of Doors Mart

However you choose to finance it, you can find the right RV for you at Out of Doors Mart. With a wide inventory of new and used RVs for sale including Airstreams, Rockwoods, Salems, and other makes and models, you’ll find a size and style that suits your camping style. 

Call (336) 993-4518 to inquire about current inventory or visit the showroom and lot on 8510 Norcross Road in Colfax, NC. You can also check out what’s available here.