RV Refinancing (August 2025)

An RV can be a pretty useful vehicle to have around. It can be used for seasonal cross-country travel or as a mobile home to take wherever you go! However, it's always best to ensure that you aren't overpaying on your RV loan. If you think you're bleeding money on it, RV refinancing can help you save money!

Refinancing the APR on your RV loan or increasing the loan term can be stressful if you don't have the right guide. However, with Way.com, you can shop around for the best RV/travel trailer refinance deals and choose one that fits your budget! Whatever the type, make, and model of the RV, refinancing can help you lower your APR, lengthen the loan term, add benefits, and more!

Can I refinance an RV loan?

Yes, refinancing an RV camper loan is a sure-shot way to save on your monthly payment. RV refinancing involves taking on a new loan (preferably from a new lender) with better terms and conditions . The new lender will pay off the existing loan, leaving you free to pay new monthly payments with a lower APR.

If done correctly, RV refinancing can reduce your monthly auto loan payments by at least $100 and save you thousands throughout the year. While you can refinance with banks, credit unions, and other financial institutions, you can get better deals by shopping around with online refinance platforms like Way.com.

Does refinancing my RV/travel trailer make financial sense?

If you're stuck paying high auto loan payments and think you deserve a lower APR for your credit score, then refinancing your RV loan makes complete sense.

You might have been overcharged with a high APR if you used bank financing or dealership lending to finance your existing RV loan. Other factors like your credit score and payment history may also have contributed to high APRs.

However, after a while, your financial standing may have improved due to consistency in payments and you credit score may also have improved. At the same time, you may want to reduce the high monthly payment to take stress off your wallet. It's only reasonable that you refinancing your RV loan to a lower rate and monthly payment

When Should I Consider RV Refinancing?

Here's when refinancing an RV makes sound financial sense:

• If your credit score has improved since you took the current loan
• When your monthly expenses have increased and you want to cut corners
• When you want to add a co-signer or co-borrower to reduce your monthly payment
• If your car has become old and is not worth the high monthly payments

Way.com can help you shop around for the best RV refinancing offers from multiple lenders. Since refinancing involves another credit inquiry, it's best to choose a deal that you are truly comfortable with.

RV Refinancing Rates (June 2023)

Refinancing your RV is the best option for owning it feasibly. The auto refinance rates for RVs offered by different lenders will help you compare and understand which one suits you the best according to your budget. With this, RV refinancing becomes better and helps you make a financially viable choice.

What are the eligibility criteria to refinance my RV/camper loan?

Your RV will have to meet certain vehicle criteria to be eligible for refinancing.

• Vehicle Age : Most lenders will only refinance RVs that are between 10-15 years old.
• Mileage: The RV should have less than 150,000 miles on it to qualify for refinancing.

Documents and information required to refinance an RV

Keep the following loan details ready before applying for refinancing:

• Credit score : A score above 660 is best if you want lower APRs than the existing one. Make use of the one free credit report per year from credit bureaus.
• 14-day payoff amount: Contact your current lender and get the total amount you owe on the RV loan.
• Car Loan-to-value ratio : Ideally, you should not be 'underwater' on your car loan (owing more than what the car is worth)
• Loan term remaining : Ideally, the current RV loan should have more than a year remaining.
• Prepayment penalty : There should not be penalties for paying off the current loan.

Also keep your personal documents ready, like:

• Personal information : Driver's license and Social Security Number
• Car information: VIN, title, registration, number, and mileage
• Income information: Salary slips, pay stubs, and tax returns

How do I refinance my RV?

Step 1: Calculate your refinanced payments

Use an auto loan refinance calculator to find out how much your monthly payments will reduce with your desired APR and new loan term. If the calculator shows that you can save a significant amount of money by RV refinancing, it's best to go ahead.

Step 2: Apply to multiple lenders with Way.com

Rather than checking with banks, dealerships, and credit unions, it's best to shop around using an online refinance platform like Way.com. This way, you can compare rates, apply for pre-approval and also get more add-ons like GAP insurance and ESC.

Step 3: Choose an offer and save

Once you find an offer that fits your budget, all you need to do is complete the application and submit the required documents. Be prepared for a hard credit inquiry, which will only temporarily impact your credit score. If you're consistent with future payments, you can easily increase your score again.

What other benefits does RV refinancing have?

Another advantage of refinancing your RV is that you can add any loan components you missed earlier to the new loan.

• Guaranteed Asset Protection (GAP) is an added insurance that protects you if your car is completely totaled in an accident. You may be left to pay off a loan more than the value of the car at the time of the accident. GAP covers the difference between the vehicle's worth after the accident and the actual amount you owe on it.
• Extended Service Contract (ESC) - also called extended warranty - will pay for any mechanical or electrical issues faced after the manufacturer's warranty expires. This protects you from any unexpected financial expenses on your RV.

Can I refinance an RV without hurting my credit?

Yes, most banks and credit unions allow for rate shopping within a specific period (usually 14-45 days) . This means that multiple credit inquiries during this period will all be considered as one inquiry.

If you're wary of hurting your credit too much, some refinance lenders will allow you to go through a pre-qualification process through a soft credit inquiry . You only need to go through a hard credit if you pre-qualify and choose to accept the offer.

Why choose Way.com to refinance your RV?

An RV can be a very expensive vehicle to maintain and finance. At Way.com, we understand this and want to save you as much money as possible. No matter your credit score or the type of RV you own, we can help you find multiple lenders willing to refinance your RV trailer loan.

Use Way.com to easily compare the best rates and lenders for your RV - all in just a few minutes. In addition, we'll also help you find refinancers that provide additional insurance, 100% online application process, and excellent customer support.

Way.com has a 4.5 rating on Trustpilot, with more than 3 million satisfied customers. The Way app also has a 4.7 rating on Google Play and 4.9 on the iOS app store.