Can You Buy an RV with Bad Credit? Financing Options Explained
Thinking about RV life but worried your credit might get in the way? You’re not alone. Many people with a low credit score or poor credit history still dream of hitting the road in the RV of their dreams—and the good news is, it’s still possible.
Whether you’re exploring travel trailers, planning to live in a new RV, or searching for a reliable used RV, getting approved for an RV loan with bad credit is challenging—but far from impossible. With the right financing plan, preparation, and lender selection, RV ownership is within reach even with credit challenges.
What It Means to Finance an RV with Bad Credit
A bad credit score generally means your FICO score falls below 600, often due to missed payments, high credit utilization, or other credit issues reported to credit bureaus. While traditional banks may hesitate to offer RV loans in these cases, many RV lenders and credit unions provide RV loans for bad credit or low credit score applicants.
The key is finding financing options tailored for buyers who don’t have perfect credit, and understanding that you’ll likely face:
- Higher interest rates
- Tighter loan terms
- Additional documentation or co-signer requirements
- Smaller loan amounts or higher down payments
Still, many lenders do offer RV loans for people in your situation. You just need to prepare well and know where to look.
Is It Possible to Get an RV Loan with Bad Credit?
Yes—it’s absolutely possible to get an RV loan with poor credit. Some loan programs are specifically designed for financing even with bad credit, though the process of getting an RV may take a bit more effort.
You may need:
- Income and employment verification
- A larger down payment (10–20%)
- A co-signer with good credit
- Flexibility on the type of RV (e.g., consider a used RV or older RV)
Being realistic about your budget, shopping around with different RV loan lenders, and using tools like an RV loan calculator can help you find RV financing options that work for your credit situation.
Common Challenges of RV Financing with Bad Credit
Securing an RV loan with poor credit can be difficult—but not impossible. However, it often comes with added costs, stricter terms, and higher approval hurdles. Here are the most common challenges to be aware of:
1. Higher Interest Rates
Borrowers with lower credit scores are typically offered higher interest rates—often ranging from 10% to 20% or more. The lower your score, the more expensive your loan becomes over time.
2. Loan Denials or Restrictive Terms
Some lenders may deny your application outright if your credit score falls below their minimum threshold, often around 670. Others may approve you but limit the loan amount, shorten repayment terms, or attach additional conditions.
3. Larger Down Payment Requirements
To reduce their risk, lenders often require higher down payments—particularly for applicants with subprime credit. This is especially common with in-house financing or when purchasing a newer model.
Typical Credit Score Ranges for RV Loan Approval
Understanding how your credit score affects approval odds and loan terms can help you prepare—and potentially improve your chances.
| Credit Score Range | Approval Outlook |
| 750+ | Excellent rates, flexible terms, minimal down payment |
| 700–749 | Competitive rates with moderate down payment |
| 600–699 | Possible approval with stricter terms or higher rates |
| Below 600 | Limited options; subprime loans with high interest |
Knowing where you stand allows you to pursue financing more strategically—and avoid surprises during the application process.
Where to Get Financing with Bad Credit
Finding the right lender is key when traditional financing isn’t an option. Below are some of the most common sources that offer RV loans to buyers with challenged credit histories.
Subprime RV Lenders
Specialized lenders offer loans designed for RV financing with bad credit. Companies like My Financing USA, Southeast Financial, or Rock Solid Funding help buyers with poor credit history or low credit.
Credit Unions and Smaller Lenders
A credit union may consider personal relationships and income stability over just your credit score. They may offer RV loan products with more flexible credit requirements than large banks.
Buy Here, Pay Here (BHPH) RV Dealers
Some RV dealers offer their own in-house financing. This can be helpful if you’ve been denied elsewhere, but rates are typically higher and terms stricter. However, always confirm the vehicle’s documentation is complete—buying an RV without a title can lead to registration issues and potential legal complications.
Online Lending Platforms
Online marketplaces allow you to compare loan programs instantly. Many offer soft pre-qualification—meaning you can check without affecting your score.
Alternative Financing Options for RVs with Poor Credit
Buying an RV doesn’t always require a traditional loan. If your credit score is less than ideal, there are still several alternative financing options worth exploring.
1. Owner Financing or Lease-to-Own
Some private sellers and small dealers offer in-house financing or lease-to-own agreements. These arrangements often involve more flexible credit checks and can be negotiated directly. Always get the full agreement in writing—including payment schedule, interest rate (if any), and how the title will transfer upon final payment.
2. Personal Loans or Peer-to-Peer Lending
Unsecured personal loans, including those from peer-to-peer platforms like LendingClub or Upstart, can offer quick funding. These aren’t RV-specific loans, but they can cover the purchase if the seller accepts cash. Your credit score still influences rates, so shop carefully and read terms thoroughly.
3. Paying in Cash
For buyers considering an older RV or budget-friendly trailer, paying in full with cash simplifies the process—no applications, no interest, and no lender restrictions. However, it limits your liquidity and negotiating leverage for more expensive rigs or upgrades.
How to Improve Your Chances of Getting Approved
Even with credit or bad credit, there are practical ways to increase your odds of loan approval:
Boost Your Credit Profile
- Dispute errors with credit reporting agencies
- Pay down existing debts to improve your credit utilization
- Make consistent, on-time payments to improve your credit history
- Avoid new credit inquiries before applying
Save for a Larger Down Payment
A larger down payment not only lowers your monthly payment, but also helps you qualify with lenders offering RV loans for people with bad credit.
Bring a Co-Signer
A co-signer with a high credit score may help you get better loan terms and access better financing options.
Provide Proof of Income and Employment
Lenders are more likely to approve an RV loan if they see you have steady income—even if your credit score is low.
Smart Planning Before You Buy an RV
Getting approved for an RV loan—especially with less-than-perfect credit—starts with preparation. A few strategic decisions can make a big difference in your approval odds and long-term affordability.
Use an RV Loan Calculator
Before applying, use a loan calculator to understand what you can realistically afford. Tools like RV loan calculator can help you estimate:
- Your potential monthly payments
- Total loan interest over time
- Affordability based on your income and expenses
Knowing your budget in advance helps prevent overcommitting—and strengthens your application by showing financial readiness.
Choose the Right Type of RV
The RV you choose impacts your financing options. Lower-cost travel trailers or used RVs are often easier to finance, especially for first-time buyers or those with credit challenges. A more modest rig can also help keep payments manageable without sacrificing core travel needs.
Compare New vs. Used RV Loan Terms
Lenders structure loans differently based on RV age.
- New RV loans often come with longer terms (up to 15–20 years), but they also tend to have higher purchase prices.
- Used RV loans usually offer shorter terms but lower total loan amounts, which can help reduce your overall financial burden.
If you’re buying a used unit or storing your RV between trips, RecNation’s secure RV storage solutions can also help protect your investment and reduce long-term maintenance issues.
Final Thoughts: Can You Buy an RV with Bad Credit?
Yes, you can buy an RV even with bad credit—but it takes strategy, patience, and smart financial choices.
To improve your outcome:
- Understand your credit situation
- Explore loans for RVs from different lenders
- Prepare documentation early
- Consider a larger down payment or co-signer
- Use tools like a loan calculator to plan ahead
If a large upfront payment isn’t feasible, it’s worth looking into how RV purchases work with little or no money down, especially when working with subprime lenders.
When budgeting for an RV—especially with financing in mind—it’s important to think beyond just loan payments. Storage is often an overlooked part of the ownership experience, but it plays a key role in protecting your investment, particularly if you’re not using your RV year-round.
At RecNation, we understand the full RV lifestyle. That’s why we offer secure, affordable storage solutions tailored for RV owners—whether you’re buying your first used trailer or upgrading to a new motorhome. Our facilities help you keep your rig safe during the off-season, while giving you flexibility as you manage loan payments or credit rebuilding
Frequently Asked Questions: RV Loans for People with Bad Credit
What credit score is required for an RV loan?
Many RV loan lenders require a score of at least 600. Some accept credit scores as low as 550 with conditions.
Can I get approved for an RV loan with bad credit?
Yes. Many lenders offer RV financing even with bad credit, though you’ll likely face higher interest and stricter terms.
Are there zero down RV financing options for poor credit?
It’s rare. Most lenders require a down payment, especially if your credit score is low.
What’s the best RV to buy with bad credit?
Look for used RVs, travel trailers, or older RVs that hold their value and require smaller loans.
Can I finance through a bank or credit union?
Yes—some banks and credit unions offer loans to people with bad credit, especially if you have an established relationship.