Embarking on the journey to own an RV brings excitement and a bit of complexity, especially when it comes to financing. Understanding how to calculate your RV payments is crucial to ensure that your new home-on-wheels fits within your budget. At Cabrillo Credit Union, we provide you with the tools and guidance to calculate these payments accurately and easily.
RV Loan Calculator
What Goes into Calculating RV Payments?
Calculating your monthly RV payments involves several factors:
- Purchase Price: The starting point is the cost of the RV you wish to buy.
- Down Payment: The amount of cash you pay upfront can significantly affect your monthly payments.
- Loan Term: The length of your loan determines how many months you will be making payments.
- Interest Rate: Based on your creditworthiness, the interest rate will impact the total cost of financing the RV over the life of the loan.
Rates as of January 1, 2024
Autos
| Model Year |
Terms up to 36 Months |
Terms up to 84 Months |
| 2021 and newer |
5.40% APR* |
7.15% APR* |
| 2016-2020* |
6.40% APR* |
N/A |
Motorcycles
| Model Year |
Terms up to 36 Months |
Terms up to 75 Months |
| 2016 and newer* |
6.40% APR* |
7.90% APR* |
Boats & RVs
| Model Year |
Terms up to 36 Months |
Terms up to 120 Months |
| 2016 and newer* |
7.90% APR* |
9.15% APR* |
Apply for a RV Loan
Ready to proceed with your RV purchase? Use Cabrillo Credit Union's RV Loan Calculator today to plan your finances. Once you have your estimates, apply for an RV loan with us to benefit from competitive rates and excellent customer service. Let us help you make your recreational dreams a reality.
Apply for a Recreational Loan