Many banks and credit unions offer motorhome loans.
Online lenders:
There are a number of online lenders that offer motorhome loans, such as Lightstream and LendingTree.
Dealerships:
Some dealerships offer financing for motorhomes. However, it's important to compare rates from multiple sources before choosing a lender.
Private lenders:
Private lenders, such as family or friends, may be willing to lend you money to purchase a motorhome.
Here are some tips for obtaining motorhome financing:
* Get pre-approved for a loan.
Before you start shopping for a motorhome, get pre-approved for a loan. This will give you a better idea of how much you can borrow and what your monthly payments will be.
* Compare rates from multiple lenders.
Don't just accept the first loan offer you're given. Compare rates from multiple lenders to find the best possible deal.
* Consider the loan term.
The loan term is the amount of time you have to repay the loan. A longer loan term will result in lower monthly payments, but you'll pay more interest over the life of the loan.
* Make a large down payment.
The larger the down payment you make, the smaller your monthly payments will be.
* Have good credit.
Lenders will be more likely to give you a loan and offer you a lower interest rate if you have good credit.
