How Do You Finance A Fifth Wheel Camper?
If you want to buy a fifth-wheel camper, you may have to finance your purchase with an RV (recreational vehicle) loan. These loans often have different rules from other loans. Some lenders require you to take out a minimum loan of $5,000, while others refuse to finance fifth-wheel campers manufactured by companies that are out of business or that have declared bankruptcy. You will also need good credit because lenders categorize fifth-wheel campers as luxury items. Despite these differences, financing a camper with an RV loan does not have to be stressful. Copy the paperwork needed to prove that you can pay back your RV loan. These items include your most recent federal income tax return, two most recent paychecks and current savings and checking account statements. Make copies of your credit card bills and additional loan statements to verify your monthly debt obligations. Contact mortgage lenders or banks to check interest rates and loan requirements. Wide varieties of lenders provid
