Financing Your RV or Boat
Get going with a Recreational Vehicle loan.
Take to the open road or make a splash with our low rate financing.
Variety of Vehicles
Financing can include motorcycles, boats, RVs, campers, travel trailers, ATVs, snowmobiles and personal watercrafts.
Qualify for a 0.50% rate reduction1 with Rewards Rates.
Flexible Financing Terms
Choose loan terms up to 84 months and enjoy no payment for the first 60 days.
Quick & Easy Process
A fast and easy application process with check delivered as soon as the next business day.
How much could my loan payments be?
Estimate your monthly payment
APR as low as
Frequently Asked Questions
How do I apply?
At the time of application, you’ll be asked for the following information:
- Name and address
- Date of Birth
- Social Security Number Consumers)/Tax Identity Number (Businesses)
- Member number (or membership eligibility)
- Income and Employment
- Co-signer or co-borrower information, if applicable
*Note: A credit report is required to complete an application. By submitting an application, you are voluntarily agreeing to a credit report inquiry.
What types of recreational vehicles can I finance with BCU?
BCU allows members to finance a wide range of recreational vehicles, including motorcycles, boats, RVs, campers, jet skis, and snowmobiles.
What is the difference between a co-borrower and a co-signer?
A co-borrower is considered a joint applicant. This person shares household expenses and income with the primary borrower and agrees to be equally responsible for repayment of the loan. As a result, both applicants’ income and credit profiles are used to support approval of the loan. A coborrower must be an active BCU member.
A co-signer is also responsible for repayment of the loan in the event the primary borrower defaults on repayment of the agreed loan terms. However, the loan terms are determined solely by the primary borrower’s qualifications.
How much would I be approved for?
Since all approvals are based on variables within each applicant scenario, a loan application must be submitted for underwriter review to determine an accurate approval amount. This is based on a few variables, including, but not limited to, your credit history, income, debt ratio, the loan type, and the value of the vehicle relative to the amount of the loan (Loan-to-Value).
Do you provide counteroffers?
Yes. If we are unable to approve the full amount or term requested, we may provide you with a counteroffer.
Will the dealership let me take the vehicle home without same day payment?
This is at the dealer’s discretion. Please contact your loan associate to discuss your options prior to arriving at the dealership.
How are interest rates determined?
At BCU, rates are determined using several variables, including, but not limited to:
- Your Credit Score
- Value of the vehicle relative to the amount of the loan
- Age and type of the vehicle being financed
- Payment method
- Rewards Member status
- Use of Auto Buying Service (purchases only)
For a summary of our loan rates, please visit our Rates page.
*Note: Interest rates are subject to change.
Can you give me more information about my pre-approval?
After you complete your loan application, you will receive a pre-approval email with next steps. A loan associate will follow up within one business day to discuss loan terms including interest rates, payment options, and loan amount. Once a pre-approval is determined, it is valid for 90 days. If the variables used to determine the pre-approval change, the pre-approval terms may change as well. You can apply for a recreational vehicle loan before having decided on a specific make/model, and your pre-approval is not specific to one recreational vehicle.
Can I purchase from a private party/individual?
Yes. Please contact your loan associate to obtain the private party sales agreement and other necessary loan documents. Documentation will need to be filled out between you and the seller and returned to your loan associate. If the owner has an outstanding loan on the vehicle, it may delay registration and titling of the vehicle up to 6 weeks.
How do I purchase over the weekend or after hours?
If you purchase a vehicle on the weekend or after business hours, please have your dealership fax/email the purchase order to your loan associate. We will contact you on the next business day to discuss the terms and next steps.
What are Rewards Rates?
Rewards Rates let you earn more on your deposits and/or save more on your loans. To qualify for a 0.50% Rewards Member rate discount on your auto loan, you must have two of the following relationships:
a. Direct Deposit of at least $500 per month into a checking account at the Credit Union
b. At least $25,000 on deposit
c. A qualifying loan in good standing, including: Mortgage, Home Equity, Auto, or Credit Cards. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or is delinquent will disqualify you for Rewards Rates.
What are the guidelines?
The recreational vehicle being financed must be within 10 model years or less to be considered for financing (exceptions may be considered on a case-by-case basis). If you are uncertain whether your recreational vehicle falls within these guidelines, please contact us to discuss in more detail.
What are the available loan terms?
BCU offers a wide range of loan repayment options with terms up to 75 months (up to 84 months for new recreational vehicles). Balloon term options are also available for specific vehicle types if you’re looking to keep your payment low, or if you’re planning to own the recreational vehicle for a few years. You will be assigned a loan associate who will work with you to find the repayment options you are qualified for and best suited to your individual needs.
What is Loan-to-Value?
Loan-to-Value refers to the amount of the loan in relation to the retail value of the recreational vehicle being financed.
Example 1: An RV with a retail value of $10,000.00, and a loan amount of $9,000.00 has a 90% loan-to-value
Example 2: An RV with a retail value of $10,000.00, and a loan amount of $11,000.00 has a 110% loan-to-value
Are there any fees?
Yes, depending on whether the recreational vehicle is a purchase or refinance. For purchases, please contact a loan associate for more information since the fee amounts can vary by state. There is no fee for recreational vehicle refinances.
Need Additional Information?
If you would like to discuss in more detail, you may call us at 888-389-8344. Our Consumer Loan business hours are Monday through Friday 7:30 a.m. to 6:00 p.m. CST. If you are ready to apply, please click here to be directed to our online loan application to apply at your convenience or call us at 888-389-8344. You may apply via phone 7 days a week, 24 hours a day. Once your loan application is complete, one of our loan associates will contact you either by email or phone within one business day to review the status of your application.
Extended Auto Coverage
Apply for a Recreational Vehicle
1APR is Annual Percentage Rate. Published rates are accurate as of 3/1/2023, and subject to change. Offer subject to credit approval. Rate applies to 2023 and newer vehicles with a loan term of up to 75 months (based on credit worthiness), up to 100% LTV (loan to value). Call for rates on older model vehicles. Loan amount will be determined by income and other factors. The rate listed also assumes an automatic payment method and includes a .50% discount for having two of the following relationships: direct deposit of at least $500 per month or more into your credit union checking account; at least $25,000 on deposit with the credit union; or a loan in good standing. Qualifying loans include mortgage, home equity, auto, and credit card. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or delinquent will disqualify you for Rewards Rates. Individual rates may vary based on credit score and other factors. An example of payment terms are as follows: an amount financed of $25,000 with an APR of 6.44% and a term of 75 months would have a monthly payment of $408.00.