RV financing secrets revealed

There are several types of RV loans to consider, each with its unique benefits:

• Secured RV Loans: These loans use the RV as collateral, often resulting in lower interest rates. However, defaulting on payments could lead to repossession.
• Unsecured RV Loans: These loans don't require collateral, but they typically come with higher interest rates and stricter credit requirements.
• Dealer Financing: Many RV dealerships offer in-house financing options, which can be convenient but may not always provide the best rates.
• Personal Loans: For smaller amounts, personal loans can be an option, although they usually have higher interest rates compared to secured loans.