RV Loans

Experience a life of leisure and take out an RV loan the right way with Savvy.

No obligation. It won't affect your credit score.
Written by 
Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on August 24th, 2023       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

Trusted brand

Savvy knows leisure finance and recreational vehicle loans. Whether you’re trading the button-down life for a life on the road with a Class A, Class B, Class C or Slide-On Camper or just looking for an RV for the occasional getaway, our team of leisure finance experts can help you find a competitive loan deal tailored to your needs.

Save more on your RV loan

We're partnered with a wide range of lenders to bring you more choice and freedom when it comes to your RV loan. Our consultants help you through the process to give you peace of mind and help you compare more loans so you can potentially save even more money. We use the latest technology, so your application is approved faster. Get a quote today!

RV Finance Banner

See how Savvy can help you with your RV loan

Answers to your common RV loan questions

I am a retiree. May I apply for RV finance?

Yes – we help retirees with high assets and regular income apply for RV finance and gain approval.

Can people apply without a deposit?

Yes – we approve 100% RV finance to eligible applicants. Ask your consultant to see if you qualify.

Can people with bad credit apply?

Yes – we can help people with bad credit gain approval for RV loans if they qualify for finance through one of our specialist lenders.

I have my eye on a used RV, can I finance it with Savvy?

Yes – we finance new and used RVs bought from dealer sales, private sales and auctions.

Learn more about recreational vehicle loans

A primer on RV Classes

There are three main types of RVs, sorted into classes; Class A, B, & C. A class A RV is a self-contained, self-driving vehicle like a converted bus. It can be substituted for an entire house! Class C motorhomes are most common, like your Sunliner or Winnebago type of van with ample room in the cab, allowing freedom of movement. Class B RVs are known as campervans – they are limited on space but much more fuel-efficient.

New or used RVs – the case for both

If you are buying an RV, you may wonder if buying new or used is the way to go. Buying new does have a higher cost of entry but it will last longer and require less maintenance. A used RV is cheaper, and may have just as good features than a new RV at a fraction of the cost. Buying used may be a great idea if you do not go on holiday very often. However, if your used RV is getting on in age, you may have to replace mechanical or interior parts.

Needs vs. wants in an RV

Many of us want to have every creature comfort in a recreational vehicle until reality kicks in. Can we really afford a 5-star Class A luxury liner? If we have to be a bit more realistic, we need to figure out our needs and wants. If you don’t need a bed and prefer sleeping outdoors, you can go for a campervan. Some larger Class C RVs may have toilets, kitchenettes and other facilities, essential for long-haul travel. It's worth drawing up a shortlist of your needs and wants.

RVs and towing your car

RVs are great for being accommodation on wheels, but they are impractical for exploring off the beaten track. Many larger RVs can attach a car to the back using a tow dolly. Tow dollies can either track around corners with a centre pivot or, they can be mounted on a rack with king pins, so the car has less chance of colliding with the back of your RV. The king pin variant can also come with brakes for added safety.

Helpful guides on leisure loans

RV financing mistakes to avoid

1. Pause the impulse button The idea of camping out in an RV and exploring picturesque places can get anyone excited. However, before you rush out to purchase an RV...

7 essentials when packing up your caravan

Get your caravan first aid kit ready You might have the stocks ready for your beloved humans and animals, but have you considered your caravan? To prepare your fist aid...

3 ways a caravan can help you cut down costs

Save on accommodation cost when going on holiday Australians are knowing for raking up debt when it comes to holidays. Budgets are thrown out the window or compromised when it...