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Old 01-05-2018, 07:48 AM   #1
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New RV interest rates??

I am sure this topic comes up often, but I have not found a recent thread.

I have been calling a few banks to get quotes on interest rates. The lowest I have found is 4.99% most banks are in the 5.49-5.99% with a credit score of over 800. The dealerships I have been in contact with quote me 5.99%.

Just wondering if anyone recently got a better rate than 4.99%? Once I get the best rate, I'm going to get pre-appoved through the financial institution and take it to the dealer. I am going to let them meet or beat the rate.

Looks like 5.49% is average? If 4.99% is a great rate, I will go that route.
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Old 01-05-2018, 08:12 AM   #2
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not sure how much help this will be, but I got 3.49% on a 10 yr loan last October from my credit union up here in MN on a new 2018 grey wolf 23mk. Federal Reserve rate increased .25% in Dec, so that will also effect current rates.
Good Luck
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(it was SharePoint Credit Union, I think they have 3 offices)
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Old 01-05-2018, 09:50 AM   #3
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Really depends on the term length too. Just 2 weeks ago we finalized ours at 4.49 for 7 yrs. That was through dealer using US Bank. Local credit union for same term was 4.35 which only amounted to $100 over life of loan so dealer waved a few things on their end which ultimately beat the local credit union in overall cost so thatís why we decided to just work with the dealer bank. Now if we could have done a 5yr term our local credit union was 3.1% but we just couldnít pull that payment.
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Old 01-05-2018, 09:55 AM   #4
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Back in Oct I got 3.99% on a 7 year note through my credit union.
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Old 01-05-2018, 11:25 AM   #5
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Here are the current rates at our credit union. Credit Unions seems to be the best rates for RV loans.

12-36 months
New 1.790%
Used 1.790%


48 - 84 months
New 2.500% - 3.750%
Used 2.950% - 4.450%
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Old 01-05-2018, 12:46 PM   #6
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I wouldn't pay more than 4.25% for a new rig on 7yr loan. Try Alaska Federal, they might even do 10 year aat 4.25%.
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Old 01-05-2018, 12:50 PM   #7
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The dealer should be able to get better than the published rate. Alaska Federal is publishing 4.9%.
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Old 01-05-2018, 01:03 PM   #8
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Just a small note. While the dealer is quoting you the 4.99, he is probably getting a better rate than that. (he gets paid to bring financing business) so while he may not move on the rate, force him to either cut a better deal (price wise) or throw something extra into the deal(a portable Jenny, or a bike rack or a hitch etc.).
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Old 01-05-2018, 01:19 PM   #9
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We financed our rv through Alliant Credit Union. Its entirely an online bank. We applied online and communicated by email. They offer a 3.74 percent for up to 10 years. Its based in Chicago. They send the check next day so they're fast and communication with them is very good. The credit union we use all the time offers a rate of 8 percent which is very high.
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Old 01-05-2018, 01:40 PM   #10
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As a long Time Credit union member and member of the cu board I would never go to a bank. Credit unions are nonprofits and will most likely always have the lowest rates. We were doing 1.9. keep in mind the dealer gets a split from the bank. That split amounts to a presentage of the rate.
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