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Top 6 Best RV Dealers That Finance Bad Credit Near Me

Looking to get RV loans with bad credit? Here are the best nearby RV dealers that finance bad credit.
rv dealers that finance bad credit near me

Looking for RV dealers that finance bad credit near me? Though it might seem difficult, there are some ways to get yourself an RV deal within the country with bad credit. 

The United States is full of deals, and Recreational Vehicle (RV) deals are no new thing since they are among the popular dealers in the country; — RV shipments totaled 406 thousand in 2020, showing that there is a high demand for RVs.

Having bad credit isn't an uncommon thing either, however, this places you in a difficult position to get qualified for the different things that matter to you (including the RV deals).

That being said, having bad credit makes it difficult and in most cases impossible to qualify for RV dealers.

However, that shouldn't sound like the end for you since you can still get RV deals with your bad credit; using a bad credit RV dealer is an option.

Confused about which RV dealer finances bad credit near me? Don't worry, we got you.

To help you out, we've compiled the best RV dealers that finance bad credit near me.

Table of Contents

Bad Credit RV Deals Key Takeaways

  • Consider bad credit RV dealers if you want to buy an RV but have a low credit score. Nearby dealers for RV credit with bad credit include Paul Sherry RVs, No Credit Campers, South East Financial, and RV Depot.
  • You'll need a credit score of at least 550 to be eligible for an RV deal. It is better if you have a credit score that is greater than this. Additionally, the majority of dealers will want you to lay down at least 20% of the purchase price.
  • You must have a reliable source of income and make at least $20,000 annually to be eligible for an RV.

Also Read: List of Banks That Don't Use ChexSystems

RV Dealers That Finance Bad Credit Near Me

The best place to start looking for RV dealers that finance bad credit near me is on Google Maps.

Here's a sample of what you'll get when you search for RV dealers that finance bad credit near me on Google Maps.

rv dealers that finance bad credit near me
RV Dealers that finance bad credit near me - Google Maps.

As seen in the image above, you'll get practically a list of all RV dealers that finance bad credit near me.

You should keep in mind, however, that not all RVs you'll see on Google Maps list accept bad credit.

We've pinpointed the best RV dealers that finance bad credit near me and have outlined them as follows.

  1. No Credit Campers.
  2. RV Depot.
  3. Paul Sherry RVs.
  4. My Financing USA.
  5. South East Financial.
  6. Credit Unions.

1. No Credit Campers

RV dealers with bad credit or loans for camper sales with bad credit are available at NoCreditCampers.com.

Finance is available regardless of whether you have a good credit score or a bad one.

They may assist you in obtaining funding of up to $35,000 so you can purchase the RV of your choice.

Visit the NoCreditCampers' website, register for an account, and then choose the RV of your choice to receive no credit check RV financing.

In the event that your request is granted, the company will put you in touch with a nearby dealer who will then sell it to you.

You will receive a $250 credit to your account if you recommend a friend to get an RV from them.

2. RV Depot

If you're looking for no credit check RV dealers in Texas, RV Depot is one of the top bad credit RV dealers you can find out there.

RV Depot offers both new and used recreational vehicles.

All you have to do to get started is go to their website, go over their inventory, and then request the price.

If you find one you like, get in touch with the seller to learn more about the price. You should then submit a form to get approved.

Usually, they answer within a few days.

If you're given the go-ahead, you can decide how you'll view and purchase your unit.

RV Depot does not offer residential delivery, in contrast to No Credit Campers.

Also Read: Best Credit Unions for Small Businesses

3. Paul Sherry RVs

Paul Sherry RVs is another RV dealer that finances bad credit operating in Iowa and Indiana.

You may quickly choose the RV you need, apply for financing, and complete the purchase within a few days using their online platform.

The business collaborates with reputable financial institutions to extend credit to borrowers with poor credit scores. The company also takes pleasure in being reasonably priced.

It does this by reducing the operational expenses that drive up RV prices.

For instance, the corporation does not have any rental responsibilities because it owns the land where the stores are situated.

The company advises people with bad credit to search for RVs that are less than ten years old, sell for less than the NADA price, are towable, and have loans between $5,000 and $40,000.

Also Read: Best Untraceable Money Transfer Apps

4. My Financing USA

Another good RV financing option for people with bad credit is My Financing USA.

Applications from borrowers with credit scores of at least 550 were approved.

Poor credit RV loans are available with maturities of up to 15 years. Even if you have a bankruptcy history, your request may still be granted.

RV loans with bad credit are available in the range of $10,000 and $50,000. There must be a 10% down payment as a minimum.

The state where you live and the RV you are financing will determine the APRs for bad credit RV sales.

Also Read: Best International Money Transfer Apps

5. South East Financial

South East Financial is another RV dealer that finances people with bad credit. RV loans with bad credit are available for up to 15 years.

You simply need to prove that you are employed and have a credit score of 550 or higher.

A minimum annual income of $20,000 is also required.

You need to have a down payment of at least 20% in order to be eligible for RV loans for people with bad credit.

Your credit score affects the interest rates you are offered.

RV loans for those with negative credit are available with durations of up to 240 months.

Also Read: How to Increase Your PayPal Credit Limit

6. Credit Unions

Some credit unions offer RV loans for people with bad credit.

You only need to submit an application or a membership request.

It's always good to acquire from your credit union to know if they offer RV loans for bad credit.

Also Read: Credit Unions That Don't Use ChexSystems

What are RVs?

According to Wikipedia, A recreational vehicle, often abbreviated as RV, is a motor vehicle or trailer that includes living quarters designed for accommodation.

Types of RVs include motorhomes, campervans, coaches, caravans (also known as travel trailers and camper trailers), fifth-wheel trailers, popup campers, and truck campers.

Requirements to Qualify for RV Loans for Bad Credit

Having bad credit can be a big obstacle for you if you actually need an RV. You still have a variety of options at your disposal.

Use the bad credit RV dealers outlined in this article as an example.

As an alternative, you might apply for a credit union loan or visit your local bank to get a secured loan with collateral.

Before you take these steps, consider whether you actually need the RV.

You must meet the requirements in order to be eligible for RV loans for bad credit.

  • Have proof of stable and consistent income. You often need a minimum income of $20,000 a year.
  • If you are self-employed, you must have been at it for at least 2 years.
  • Have a minimum credit score of 550.

What Is a Good Credit Score for an RV Loan?

As with any loan product, you will normally be offered a better rate if your credit score is higher.

According to Investopedia, you should aim for a credit score of 700 or above if you want to be eligible for the lowest RV loan rates.

Of course, a lot of lenders offer RV loans to borrowers with bad credit.

Borrowers with scores of 550 or higher are frequently approved for RV financing, while there may be additional income restrictions and higher interest rates.

How to Get RV Loans for Poor Credit

If you take the proper steps, you can have your RV financing for bad credit approved.

Here's how you tackle it.

Check your credit report and score. A recent FICO score and report are required.

The required credit score for RV financing is 550.

Aim for a credit score greater than this so that you can obtain bad credit camper loans with ease.

  • Find the best deal: It is best to acquire money when looking for RV financing with bad credit. You might easily be approved for a smaller camper loan with bad credit if you have a low credit score. You can compare prices from several vendors of RVs for people with bad credit and negotiate a loan. You can acquire lower rates because there are numerous loans for RVs.
  • Obtain approval: With pre-approval, you may simply obtain bad credit camper loans. With pre-approval, salespeople will know you are serious and will offer you a better bargain. You can cut costs in this manner.
  • Make a larger down payment: The majority of no credit check RV dealers will demand at least a 20% down payment. Regardless of your credit score, if you pay a larger down payment, you can easily qualify for no credit check RV financing.
  • Improve your credit score: Finally, you need to raise your credit score to make it simpler to get a loan. Paying your debts and bills on time will help you achieve this.

Should You Buy an RV if You Have a Bad Credit?

You'll always strive to achieve good credit if you're having a bad one.

This is because you have a higher likelihood of defaulting on your responsibilities, hence the majority of credit companies will never lend to you.

Another thing you can count on is that anyone who gives you a loan will have to charge you a high-interest rate in order to protect themselves against the possibility of you defaulting.

Due to their higher risk, RVs typically have higher interest rates than vehicles do.

This is due to the fact that they are usually wants rather than needs.

Your RV won't be as important as a house or a car if times are rough.

Best Practices to Get RV Deals for Bad Credit

  • Buy a used RV. You can get high-quality RVs for dirt cheap if you do a thorough search.
  • Think about hiring. You don't use an RV every day. As a result, hiring would be a better option than taking out further debt.
  • Think about raising your credit score.

Frequently Asked Questions

What is the lowest credit score to buy a RV?

Well, it depends. The RV financing industry-standard ranges from about 660 to 700 FICO score, but there is a possibility your search for “RV financing with 650 credit score” can be fruitful because there is financing available for credit scores in the 500 to 600 range.

Can you get an RV loan with a 520 credit score?

Yes. While you'll typically require a credit score of 670 to qualify for an RV loan, you can get approved for an RV loan with just a 550 score.

What is the lowest RV loan rate?

RV loan rates typically start anywhere from 4.49% to 8.99%. However, these rates are reserved for borrowers with the best credit scores. Terms typically range from 12 to 84 months for many loans, but in the case of larger loans for RVs, terms extend as far as 240 months or 20 years.

Is it hard to get financed for an RV?

Yes, qualifying for an RV loan can be challenging at times. While some lenders offer RV loan programs for borrowers with rocky credit, these lenders will likely look at a number of other factors, such as debt-to-income ratio, employment history and income.

Final Thoughts: RV Dealers That Finance Bad Credit Near Me

An RV loan is a financial product designed to help finance the purchase of a recreational vehicle.  Motorhomes, fifth wheels, travel trailers, pop-up camps, and in a few cases even horse trailers are often eligible for RV loans.

You should be conscious of the fact that every choice you make will have an effect on your financial position.

As a result, you should consider if you actually need to get the RV, since an RV is a luxury item that becomes a responsibility as soon as you buy it.


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About the Author

Tebid Kelly is a Graphic Designer, Web Developer, Ethical Hacker, Programmer, and Content Creator who showcases his skills and experience on his blogs. He also has much love for finance apps such as Cash App, Venmo, PayPal, Zelle, etc on which he ha…

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