RV LOANS
Get a competitive rate on the loan you need to buy an RV.

Don't let anything stop you from hitting the open road.

With competitive rates, a variety of repayment periods and a speedy approval process, our RV loans are focused on your needs. It’s dependable service from a financial institution you can trust.

Loan Amount and Loan to Value

 
  • Minimum: $10,000
  • Maximum: $250,000
  • Value for a new RV is calculated by purchase price plus tax, tag and licensing
  • Value for a used RV is calculated by the lesser of the National Automobile Dealers Association (NADA) used retail value or purchase price plus tax, tag and licensing
  • Delayed purchase: Only allowed for applicants who purchased a new RV from a dealer for cash and want to reimburse themselves through financing. Processed as a new auto if submitted within 60 days of the invoice date
  • Finance up to 90% of the value

Terms and Repayment

 
  • Minimum term: 12 months
  • Maximum term:
    • ≥ $10,000 – Up to 120 months
    • ≥ $20,000 – Up to 180 months
    • ≥ $100,000 – Up to 240 months
  • Equal monthly payments to fully amortize the loan for repayment

Collateral

 
  • New: An RV (Class A, B or C motorhomes, travel trailers, fifth wheel) that has never been titled and is < 4 years old
  • Eligible used collateral: Includes current models and older models < 4 years old 
  • RV/Motorhome: A self-contained motorized recreational vehicle classified as either Class A, B or C
  • Travel Trailer: A unit designed to be towed by a car, van or pickup truck by means of a bumper or frame hitch
  • Fifth Wheel/Travel Trailer: A unit designed to be affixed and towed by a pickup truck equipped with a special hitch in the truck bed

Notes

 
  • First Horizon does not finance units to be used for any commercial purpose (i.e., temporary offices, work trailers or trailers for rent or lease, or units serving as a residence of the applicant)
  • Individual-to-individual purchase transactions for RVs are not allowed
  • Purchase or refinance (no cash out) is acceptable
  • Warranties, extended maintenance contracts and dealer-sold GAP insurance are not financeable
  • Add-ons are allowed if specifically outlined in the dealership sales contract
  • Proof or oral verification of comprehensive and collision insurance is required prior to closing; recommended deductible is $500

Fees

 
  • Fees may apply

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