How to (Re)Finance Your RV at a Lower Rate

November 12, 2012

By James Barron

So, the time’s come to trade in your sleeping bag and mosquito net for an RV. And although you’re excited for your family to experience the fun and freedom of an RV, you might feel a bit overwhelmed by the decisions looming ahead. Don’t worry, KOA has its very own RV Loan Center to help you every step of the way in finding the financing that makes the most sense for your family.

Once you’ve found the RV you’ve been searching for, visit the KOA RV Loan Center. We’ve got a great group of friendly loan specialists who understand the unique financing needs for recreational vehicles and can offer you a variety of options. Currently, KOA members can take advantage of rates in the mid to high 4s when purchasing a new or used RV or refinancing your current RV loan.

Generally, the term of the loan will range depending on your loan amount. The longer the term, the longer it’ll take you to acquire equity, which is the part you own. You should expect to put 20 percent down — but that amount can vary depending on the lender, the purchase price, the age of the RV, and other factors.

Of course, if you already own the RV of your dreams but want to lower your monthly payment, the KOA RV Loan Center offers refinance programs with competitive rates. A lower rate not only lowers your monthly payment, it also reduces the total amount of interest you’ll pay over the life of the loan, thus allowing you to build equity faster. And what’s better than equity?

An added bonus for using the KOA RV Loan Center is that it’s the only RV financing program offering RV lovers up to $600 in KOA Camping Coupons, depending on the final funded loan amount. As a bonus, the KOA RV Loan Center never charges any loan application fees — and with a valid KOA Value Kard Rewards membership, your $195 loan-processing fee is waived. It’s a pretty smart package.

Want to know more? Visit for details and a free rate quote.


James Barron has been helping KOA members to get great financing on their rigs for 8 years. In addition to helping people finance their dream vehicles, James is also an enthusiastic enjoyer of the great outdoors. Favorite places to visit with his family include Yosemite National Park, San Diego and the shores of Lake Tahoe.

James Barron, Senior Vice President, Essex Credit

Subject to loan program requirements and credit approval. Certain fees, closing costs and restrictions may apply. Rates and terms may vary with market conditions and are subject to change without notice. RV loans offered through KOA RV Loan Center by Essex Credit. KOA Camping Coupons are issued through KOA RV Loan Center by Essex Credit 8-10 weeks after the loan is funded.