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Factors Affecting RV Loan Rates

Several factors influence the rates you might be offered:

• Credit Score: A higher credit score can qualify you for lower interest rates, as it indicates a lower risk for lenders.
• Loan Term: Longer loan terms often come with higher interest rates, but they can reduce your monthly payment.
• Down Payment: A larger down payment can lower your loan amount and potentially secure better rates.
• Type of RV: Newer models might have different rates compared to older or used RVs.