RV Loans
Get a competitive rate on the loan you need to buy an RV.
Don't let anything stop you from hitting the open road.
With competitive rates, a variety of repayment periods and a speedy approval process, our RV loans are focused on your needs. It’s dependable service from a financial institution you can trust.
Loan Amount and Loan to Value
- Minimum: $10,000
- Maximum: $250,000
- Value for a new RV is calculated by purchase price plus tax, tag and licensing
- Value for a used RV is calculated by the lesser of the National Automobile Dealers Association (NADA) used retail value or purchase price plus tax, tag and licensing
- Delayed purchase: Only allowed for applicants who purchased a new RV from a dealer for cash and want to reimburse themselves through financing. Processed as a new auto if submitted within 60 days of the invoice date
- Finance up to 90% of the value
Terms and Repayment
- Minimum term: 12 months
- Maximum term:
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- ≥ $10,000 – Up to 120 months
- ≥ $20,000 – Up to 180 months
- ≥ $100,000 – Up to 240 months
- Equal monthly payments to fully amortize the loan for repayment
Collateral
- New: An RV (Class A, B or C motorhomes, travel trailers, fifth wheel) that has never been titled and is < 4 years old
- Eligible used collateral: Includes current models and older models < 4 years old
- RV/Motorhome: A self-contained motorized recreational vehicle classified as either Class A, B or C
- Travel Trailer: A unit designed to be towed by a car, van or pickup truck by means of a bumper or frame hitch
- Fifth Wheel/Travel Trailer: A unit designed to be affixed and towed by a pickup truck equipped with a special hitch in the truck bed
Notes
- First Horizon does not finance units to be used for any commercial purpose (i.e., temporary offices, work trailers or trailers for rent or lease, or units serving as a residence of the applicant)
- Individual-to-individual purchase transactions for RVs are not allowed
- Purchase or refinance (no cash out) is acceptable
- Warranties, extended maintenance contracts and dealer-sold GAP insurance are not financeable
- Add-ons are allowed if specifically outlined in the dealership sales contract
- Proof or oral verification of comprehensive and collision insurance is required prior to closing; recommended deductible is $500
