Loan terms for most used RVs usually require 10 to 20 percent down payments, but initial outlays are smaller because used RVs are priced lower. This makes it easy for the family on a budget to get into the RV lifestyle economically. Financing packages for used RVs generally extend from four to eight years. For the vast majority of RV buyers, the interest on their loan is deductible as second home mortgage interest. To qualify, the RV must be used as security for the loan and must have basic sleeping, toilet and cooking accommodations.
Families can readily find a vehicle and payment plan to fit their needs.
RVs traditionally have good resale values, especially towables. Due to inflation, units 10 years old and even older that are in top condition can sell for almost the same amount today as when they were originally purchased. And demand for used RVs remains high. Some owners rent out their RVs when not in use. Individuals who rent their personal units usually charge less but still profit because of the high rental demand.