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How to Finance an RV

June 3, 2022

So you’ve decided to buy a recreational vehicle (RV). Whether it’s for cross-country road trips, family camping getaways, retirement adventures, or a total lifestyle overhaul, it’s hard to beat the flexibility and freedom that come with an RV. 

Dreaming about an RV is one thing; taking the steps to actually purchase one is a whole new world! We can help you turn your RV dreams into reality. With an RV loan from SeaWest, you can be out on the open road in no time at all. Keep reading to learn more!

Financing Overview

While it’s not as fun as getting behind the wheel of your own RV, it’s important to know some basic financing information so you can be sure you are getting a good deal and financing responsibly.

As with a car loan or personal loan, RV loans come with different rates and repayment terms that depend on your credit history. The first step in any loan process is checking your credit report and history and making sure it’s in shape to take on additional debt.

SeaWest offers RV loans starting at terms from 36 months up to 12 years. In addition to terms, remember to think about the interest rate, which is the cost you pay to borrow money expressed as a percentage. The Annual Percentage Rate (APR) is the cost you pay each year to borrow money including associated fees.

SeaWest appreciates all you and your family have done and we always strive to offer you the very best terms and rates. Our RV rates are no different! New RVs come with an APR of 5.99%* and used RVs have an APR of 6.29%*. You can determine what you need to get started with our handy RV loan calculator.

Shopping for an RV Loan

Now that you know what goes into determining your rates and terms, it’s time to start shopping for your loan. Of course, many banks, credit unions, and dealerships offer RV loans today. After all, people are more ready than ever to take that road trip!

But how do you know if you’re selecting the best lender for you? At SeaWest, we are the only credit union for members of the Coast Guard and their families. We understand the work you do and want to make it easier for you to enjoy your free time – whether that be a weekend away or a longer journey through retirement!

As a credit union, SeaWest is a not-for-profit organization that will put your needs first. Our RV loans take your service and family into consideration when offering the following:

  • Finance up to 80-100% of the purchase price
  • Assistance with taxes, licenses, and warranties
  • Added guaranteed asset protection (GAP) and mechanical breakdown coverage for more protection
  • Buy new or used

Applying for a Loan

We know you’re busy! So we make applying for a loan as simple as possible.

All you have to do as a member of SeaWest is answer a few questions online to get the process started. We will need some information from you, including proof of identity, employer/income verification, and proof of address.

The application process is usually quick and easy. That highway waits for no one!

RV Financing with SeaWest

For adventurous types who want to Go Beyond, SeaWest offers loans on RVs, boats, travel trailers, and ATVs.

Whether new or used, we’ll work to get you the most affordable loan and payments available. We know you work hard. We think you deserve to play hard when off duty. The best things in life may be free, but getting to them isn’t always. It should be affordable, though.

Learn more about RV financing with SeaWest today. We are the only credit union built for you and ready to address your unique needs and situations. You serve our country and SeaWest serves you!




Rates are subject to change without notice.

* APR = Annual Percentage Rate. Your actual APR will be determined at the time of disbursement and will be based on your application including loan amount and term, and credit information. Rates quoted above are for the lowest possible rate available, which assumes excellent borrower credit history and the shortest term available for that loan program, i.e. the “Best Rate” for Pre-Owned Auto is currently 2.36% for a 36-month term. Rates vary with term.

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. We will be closed in observance of Memorial Day on Monday, May 27th. Online banking and ATMs are always available.