Financing Your RV New York!

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Are you in the market for a new RV? Or are you looking to refinance the one you currently own? Well, interest rates on new and used RV loans are at an all-time low. Now would be a great time to buy that RV or camper you’ve been dreaming of, or bring down your current payment to have more money for your camping trips.

New Loan:
The majority of banks, credit unions and brokers offer RV loans as part of their portfolios. In order to qualify for an RV loan, you will need to provide the following to your financial institution:

• A good credit rating from one of the credit reporting agencies (Equifax, Experian or TransUnion).
• A good history of regular payment of your debts.
• Proof of income for calculating your debt-to-income ratio.
• A 10-20 percent down payment.

Although purchasing a new RV allows you to be the first owner, one of the downsides of is depreciation. Once your RV leaves your local New York RV dealer, you lose some of the value of your RV. However, if you make a sufficient down payment, you can avoid owing more on your RV than it is worth. This may also give you some equity in your RV should you decide to sell, trade it in or refinance.

Refinancing your RV loan may give you a reduction in your monthly payment. However, if you are upside down on your loan, or owe more than your RV is worth, you generally have to pay the difference in cash. The interest rates vary from loan to loan and will depend on your credit rating. You can get more information on lending criteria and the decision process from the FICO (Fair Isaac Corporation) website.

For more information on financing your next RV purchase or refinancing your current RV, visit And stop by your local new and used New York RV dealer, Jim’s RV, for your selection of new and used RV’s. We can also help you with your financing options and needs with your purchases.


Extreme RV Carved from a Single Tree!

Loving RVing as much as I do, I’m continually surprised by the ingenuity, imagination and drive people have to create some truly exotic RVs. In fact, after seeing this video clip, I’m going to start looking for more amazing RVs like this one.

This is just proof that people will go to extreme lengths to experience the RV lifestyle…In this case, hollowing out a Redwood and converting it to the coolest RV you’ve ever seen.

Now if you are a little more conventional, I suggest you check these guys out.