Used RV Loan Calculator

Buying a used RV can save you 30-50% compared to new, but financing works a little differently. Interest rates on used RV loans are typically 1-3 percentage points higher than new-RV rates, and the maximum loan term is usually shorter - especially if the unit is more than 10 years old.

Many lenders cap used RV loans at 10-15 years and require the loan to be paid off before the unit reaches a certain age (often 20-25 years). Some also set a minimum loan amount of $15,000-$25,000, which can limit financing options on lower-priced used units. Credit unions tend to be more flexible than large banks on these restrictions.

The defaults below reflect a typical used RV deal - $28,000 price, $5,000 down, 8.5% APR, and a 10-year term. Rates above 8% are common for used units, especially older ones. Adjust the values to fit your specific purchase.

Purchase
Loan Terms
Extra Principal Payment (optional)
Reset

Your Estimated Payment

$285/mo
Monthly Payment
8.5% APR • 120 mo • $23,000 financed
$23,000
Loan Amount
$11,220
Total Interest
$39,220
Total Cost
Line ItemAmount
RV Price $28,000
Down Payment −$5,000
Loan Amount $23,000

10 years at 8.5% APR

View Amortization Schedule (120 months)
# Payment Principal Interest Balance
1 $285 $122 $163 $22,878
2 $285 $123 $162 $22,755
3 $285 $124 $161 $22,631
4 $285 $125 $160 $22,506
5 $285 $126 $159 $22,380
6 $285 $127 $159 $22,253
7 $285 $128 $158 $22,126
8 $285 $128 $157 $21,997
9 $285 $129 $156 $21,868
10 $285 $130 $155 $21,738
11 $285 $131 $154 $21,607
12 $285 $132 $153 $21,474
13 $285 $133 $152 $21,341
14 $285 $134 $151 $21,207
15 $285 $135 $150 $21,072
16 $285 $136 $149 $20,937
17 $285 $137 $148 $20,800
18 $285 $138 $147 $20,662
19 $285 $139 $146 $20,523
20 $285 $140 $145 $20,383
21 $285 $141 $144 $20,242
22 $285 $142 $143 $20,101
23 $285 $143 $142 $19,958
24 $285 $144 $141 $19,814
25 $285 $145 $140 $19,669
26 $285 $146 $139 $19,523
27 $285 $147 $138 $19,377
28 $285 $148 $137 $19,229
29 $285 $149 $136 $19,080
30 $285 $150 $135 $18,930
31 $285 $151 $134 $18,779
32 $285 $152 $133 $18,626
33 $285 $153 $132 $18,473
34 $285 $154 $131 $18,319
35 $285 $155 $130 $18,163
36 $285 $157 $129 $18,007
37 $285 $158 $128 $17,849
38 $285 $159 $126 $17,691
39 $285 $160 $125 $17,531
40 $285 $161 $124 $17,370
41 $285 $162 $123 $17,208
42 $285 $163 $122 $17,044
43 $285 $164 $121 $16,880
44 $285 $166 $120 $16,714
45 $285 $167 $118 $16,548
46 $285 $168 $117 $16,380
47 $285 $169 $116 $16,210
48 $285 $170 $115 $16,040
49 $285 $172 $114 $15,869
50 $285 $173 $112 $15,696
51 $285 $174 $111 $15,522
52 $285 $175 $110 $15,347
53 $285 $176 $109 $15,170
54 $285 $178 $107 $14,992
55 $285 $179 $106 $14,813
56 $285 $180 $105 $14,633
57 $285 $182 $104 $14,452
58 $285 $183 $102 $14,269
59 $285 $184 $101 $14,085
60 $285 $185 $100 $13,899
61 $285 $187 $98 $13,713
62 $285 $188 $97 $13,525
63 $285 $189 $96 $13,335
64 $285 $191 $94 $13,145
65 $285 $192 $93 $12,952
66 $285 $193 $92 $12,759
67 $285 $195 $90 $12,564
68 $285 $196 $89 $12,368
69 $285 $198 $88 $12,171
70 $285 $199 $86 $11,972
71 $285 $200 $85 $11,771
72 $285 $202 $83 $11,569
73 $285 $203 $82 $11,366
74 $285 $205 $81 $11,162
75 $285 $206 $79 $10,955
76 $285 $208 $78 $10,748
77 $285 $209 $76 $10,539
78 $285 $211 $75 $10,328
79 $285 $212 $73 $10,116
80 $285 $214 $72 $9,903
81 $285 $215 $70 $9,688
82 $285 $217 $69 $9,471
83 $285 $218 $67 $9,253
84 $285 $220 $66 $9,034
85 $285 $221 $64 $8,812
86 $285 $223 $62 $8,590
87 $285 $224 $61 $8,365
88 $285 $226 $59 $8,139
89 $285 $228 $58 $7,912
90 $285 $229 $56 $7,683
91 $285 $231 $54 $7,452
92 $285 $232 $53 $7,220
93 $285 $234 $51 $6,986
94 $285 $236 $49 $6,750
95 $285 $237 $48 $6,513
96 $285 $239 $46 $6,274
97 $285 $241 $44 $6,033
98 $285 $242 $43 $5,790
99 $285 $244 $41 $5,546
100 $285 $246 $39 $5,300
101 $285 $248 $38 $5,053
102 $285 $249 $36 $4,803
103 $285 $251 $34 $4,552
104 $285 $253 $32 $4,299
105 $285 $255 $30 $4,045
106 $285 $257 $29 $3,788
107 $285 $258 $27 $3,530
108 $285 $260 $25 $3,270
109 $285 $262 $23 $3,008
110 $285 $264 $21 $2,744
111 $285 $266 $19 $2,478
112 $285 $268 $18 $2,210
113 $285 $270 $16 $1,941
114 $285 $271 $14 $1,669
115 $285 $273 $12 $1,396
116 $285 $275 $10 $1,121
117 $285 $277 $8 $844
118 $285 $279 $6 $564
119 $285 $281 $4 $283
120 $285 $283 $2 $0

Example: 5-Year-Old Used Travel Trailer

  • RV Price: $28,000
  • Down Payment: $5,000 (18%)
  • APR: 8.5%
  • Term: 120 months (10 years)

Monthly payment: ~$285/mo. Total interest: ~$11,200. Total cost: ~$39,200. Compared to buying new at $45,000 (6.9% for 15 years), the used option saves roughly $20,000 in total cost despite the higher rate. Shortening to a 7-year term raises the payment to ~$370/mo but saves about $4,000 in interest.

What This Calculator Includes

Used RV Loan Rates by Credit Score

Credit Score RangeTypical APR RangeRating
750+6.49% - 8.49%Excellent
700 - 7497.99% - 10.49%Good
660 - 6999.99% - 12.49%Fair
620 - 65911.99% - 14.99%Below Average
Below 62014.99%+Subprime

Rates are approximate. Used RV loan rates are typically 1-3% higher than new-RV rates. Older units (10+ years) and lower loan amounts carry the highest rates.

Used RV Loan Calculator With Sales Tax, Fees, and Trade-In

This calculator gives you a clean principal-and-interest estimate. For a complete picture that includes sales tax, dealer fees, registration, and trade-in equity, use the Out-the-Door Payment Calculator. It breaks down every line item and shows exactly what gets rolled into the loan vs. paid upfront.

Want to understand how these costs work? Read more:

Frequently Asked Questions

What interest rate can I expect on a used RV loan?

Used RV loan rates are typically 1-3% higher than new-RV rates. Expect roughly 7-12% APR depending on your credit score, the age of the unit, and the lender. RVs over 10 years old often carry the highest rates.

Can I get a 15-year loan on a used RV?

It depends on the unit's age. Most lenders require the loan to be paid off before the RV reaches 20-25 years old. So a 10-year-old RV may only qualify for a 10-15 year term. Newer used units (1-5 years old) have more term flexibility.

Is there a minimum loan amount for used RV financing?

Many traditional RV lenders require a minimum of $15,000 to $25,000. For lower amounts, consider a credit union, a personal loan, or dealer financing. Credit unions often have lower minimums and competitive rates.

Should I buy from a dealer or private party for used RVs?

Dealer purchases are easier to finance because lenders prefer dealership transactions. Private-party purchases can save money on price but are harder to finance. Many banks do not offer private-party RV loans, though some credit unions do.

How do I avoid buying a used RV with hidden problems?

Always get an independent RV inspection before buying. Look for water damage, roof leaks, tire age, appliance condition, and frame integrity. A professional inspection costs $300 to $500 and can save you thousands in unexpected repairs.

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