RV Loans

RV financing near Chilliwack, BC, is easier than you think.


A Guide To RV Financing

Financing your RV not only gives you the benefit of low monthly payments at competitive interest rates but also offers longer amortization periods that help keep payments low. No matter your credit score or financial history, O’Connor RV can help you find an affordable RV loan that aligns with your budget.

Up to 20-year financing available

Up to 20-year financing available

Pay monthly or bi-weekly

Pay monthly or bi-weekly

Competitive interest rates

Competitive interest rates

Flexible payment options

Flexible payment options

No prepayment penalties

No prepayment penalties

No payments for up to 6 months

No payments for up to 6 months


RV Financing Vs. Paying in Full

Whether you’re keen on dipping into your retirement savings or thinking of using your line of credit, there are many reasons why financing your RV is the better option:

checkmark The bank can withdraw money from your account anytime to repay your line of credit.

checkmark Secured lines of credit use your home as collateral. Default of payment for any reason allows the bank to take your home.

checkmark Having your savings tied up in an RV investment could leave you in a bind in the event of an emergency.

checkmark The bank may require the total balance of your line of credit paid in full if you die, become insolvent or bankrupt.

checkmark Most RV dealerships, like O’Connor RV, provide an easy and fair trade-in process when you’re ready to upgrade or sell your RV.

checkmark If the bank sees any increase in risk to the security, it can demand full payment.

checkmark Home insurance costs may be higher due to the additional line of credit.

checkmark Floating interest rates fluctuate with the prime rate, allowing you to get the best deal available at the current time.

RV Financing FAQs

Can I get an RV loan with bad credit?

We get it – life happens! And having credit issues is more common than you think. At O’Connor, we won’t let bad credit stop you from enjoying your RV adventures. Factors such as income, your down payment, and how well you pay your bills regularly and on time can all work in your favour, even if you have a low credit score. Talk to our finance team, and they can give you more information and see if you qualify.

How does an RV loan work?

Much like financing a car, an RV loan allows you to purchase a travel trailer, fifth wheel, or other RV. In comparison to an auto loan, payments are spread over a longer period of time—generally ten years or more. Our finance team works with various lenders to find an RV loan and payment plan that suits your budget.

Are RV loans tax deductible?

It depends. If you took out a loan on your RV, you may be able to deduct its interest. To do this, your RV must qualify as either a primary or secondary home so that your RV loan is treated as the mortgage on your home. This qualifies you to deduct the interest that accrues on your RV loan.

Are RV loans hard to get?

Not if you work with the right team of financial specialists! While your credit history and financial situation will play key factors in your eligibility for an RV loan, our financial department will work hard to make the process as seamless as possible.

How long does it take to pay off an RV loan?

While the average term for a used RV loan is 10 – 15 years, it can now be extended up to 20 years in some circumstances, resulting in surprisingly low monthly payments.

Contact Us

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Give us a call at (604) 792-2747 or click here to send us a message!

44430 Yale Rd (PO Box 190), Chilliwack, BC V2P 6J1