Secured by a New or Used Recreational Vehicle which includes Boats, Motor Homes, Travel Trailers, Motorcycle or Sportscraft.
New Recreational Vehicles are defined as any model year 2018 – 2020, and terms can be for as long as seven years (careful with that seven year; you never want your loan to outlive your RV). If approved, you can borrow up to the full MSRP of the recreational vehicle, plus sales tax.
Used Recreational Vehicles are defined as any model year 2011 – 2017, and terms can be for as long as seven years (generally the shorter the term, the better your interest rate will be). If approved, you can borrow up to the current market value of the vehicle, as published by NADA (yellow-book), plus sales tax.
Sportscraft is any ATV, UTV/RTV, Jet Ski, or Snowmobile. Maximum Term on New Sportscraft is 60 months and Used Sportscraft is 48 months.