Back

Are RV Loans the Same as Car Loans? What You Need to Know

Jun. 19 2025 Miscellaneous By Sunshine State RVs

Share

If you’re considering financing your first RV, you might be wondering—are RV loans just like car loans? After all, both vehicles have wheels, titles, and depreciate over time. But the truth is, RV loans are quite different from car loans in several important ways.

At Sunshine State RVs, we specialize in helping customers find the best financing options for their new or used Class B RVs. Here’s what you need to know about how RV loans work, how they compare to traditional auto loans, and how we can help you hit the road stress-free.


RV Loans vs. Car Loans: Key Differences

1. Loan Terms Are Longer
One of the biggest differences between RV and car loans is the length of the loan term. Most car loans range from 3 to 7 years. RV loans, on the other hand, can extend up to 15 or even 20 years, depending on the amount borrowed and the borrower’s credit profile.

This longer term can help keep monthly payments more affordable, even on higher-priced RVs. At Sunshine State RVs, our finance specialists work to find flexible terms that fit your budget—whether you're buying a $50,000 camper van or a $200,000 luxury coach.

2. Interest Rates May Vary
Interest rates for RV loans are often higher than car loan rates. Why? Because RVs are considered luxury or recreational items, not daily transportation. Lenders may view them as higher-risk, which can affect your rate. However, with strong credit and a down payment, you may still qualify for competitive terms.

Sunshine State RVs works with a wide network of lenders to secure the most favorable rates possible for our customers, whether you're financing a new or pre-owned RV.

3. RVs Are Viewed More Like Second Homes
Another major distinction: RV loans can sometimes be classified more like a home loan than a car loan. Some buyers even deduct interest on RV loans if the vehicle qualifies as a second home (with sleeping, cooking, and toilet facilities). Talk to a tax advisor for details, but this is a potential benefit you won’t get with a standard auto loan.

4. Down Payments Are Typically Higher
While some car loans require little to no money down, RV loans usually require a larger upfront investment. A 10% to 20% down payment is common in the RV financing world. This reduces the lender’s risk and shows your commitment to the purchase.


Financing Made Easy with Sunshine State RVs

At Sunshine State RVs, we’re more than just a top-rated RV dealership—we’re also your financing partner. Our experienced finance team simplifies the loan process by offering:

  • Fast and secure online applications

  • Flexible terms up to 20 years

  • Competitive interest rates

  • Financing for both new and used Class B RVs

  • No early payoff penalties

Plus, we can often get you pre-approved within minutes, so you can shop with confidence knowing your budget. Whether you're local to Florida or buying from out of state, we make the financing process quick, transparent, and personalized.


Final Thoughts

While RV loans and car loans share some surface similarities, they function very differently. RV loans are typically larger, longer, and structured more like real estate loans in some cases. Fortunately, at Sunshine State RVs, we have the experience and lender relationships to guide you through the process with ease.

If you're ready to start your RV adventure but need help with financing, let Sunshine State RVs help you find the perfect loan for your travel lifestyle.

Start your financing journey today at sunshinestatervs.com/credit-financing-rvs-dealership--financing.