Owning an RV is a serious investment – but it doesn’t have to be a hefty one. Here at South Thompson RV, we offer a wide range of flexible financing programs that make owning a residential vehicle easier than ever. Our expert finance team will work with you every step of the way to make sure we find an RV and a financing plan that aligns with your needs and budget. Apply today to get started on creating your next adventure!
From fifth-wheel trailers to toy haulers, financing an RV is simpler than you think. RV financing offers longer amortization periods that help keep monthly payments low, as well as insurance packages to protect your big investment. Payments can be as little as $100 per month. Don’t believe us? Try our handy payment calculator and explore your options!
We get it – life happens! And having credit issues is more common than you think. Whether you’ve gone bankrupt, been through a divorce or separation, or have had some other bad luck that’s impacted your credit, our team can help you find a flexible loan for a quality new or used RV today.
When the unexpected happens while out on the open road, RV insurance is the best way to protect your investment. From sudden breakdowns to road collisions, you can choose from a range of coverage options to ensure peace of mind on your next adventure.
When you take the plunge to buy or finance an RV, you want to ensure it’ll last you for the long haul. We’ve teamed up with Canada’s leading vehicle insurance companies to offer extended warranty options that will help protect your bank account from unexpected repair costs down the road.
First Canadian Warranties & Insurance
Canada Life / Western Life disability plans
Great-West Life living benefits
Can I get an RV loan with bad credit?
It really all depends on your specific situation. Generally speaking, the worse your credit score the lower your chances of getting an RV loan. Of course, if your earnings continue to increase each year and have a demonstrated history of paying bills on time, there is a chance you can qualify for an RV loan. Talk to our finance team and they can give you more information and see if you qualify.
"How does an RV loan work?"
Similar to getting a loan for a car to drive around town, an RV loan gives you the ability 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 10 years or more. Our finance team will work with different lenders to find an RV loan and payment plan that suits your budget.
Are RV loans tax deductible?
Kind of. If you took out a loan on your RV, you may be able to deduct the interest on it. To do this, your RV will need to qualify as either a primary or secondary home so that your RV loan is treated as effectively 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 many years can you finance a used RV?"
While the average term for a used RV loan is 10 – 15 years, they can now be extended up to 20 years in some circumstances.