RV Title Loans
Quick Summary: RV title loans let you use your RV’s value to get fast cash, with amounts up to $50,000, while keeping and using your vehicle.
Approval is based mainly on your RV’s value and your ability to repay, not your credit score.
Since rates can be high and your RV is used as collateral, choose an affordable plan and repay early when possible.
What Is an RV Title Loan?
An RV title loan is a type of secured loan that allows you to borrow money by using your recreational vehicle (RV) as collateral. Instead of relying heavily on your credit score, approval is usually based on the value of your RV and your ability to repay.
A lien is placed on your RV’s title during the loan term, and once the loan is fully repaid, the lien is removed, and you retain clear ownership.
One of the biggest advantages of RV title loans is that you can continue driving and enjoying your RV while you pay off the loan. This makes it possible to get the cash you need without losing access to your vehicle.
This option is especially useful for borrowers who need fast cash and own a qualifying RV.
How Does the RV Title Loans Process Work?
The process is straightforward:
1. Application – Submit your RV details and basic financial information.
2. Evaluation – We review your RV’s market value, condition, and your income.
3. Approval & Lien Placement – If approved, a lien is added to your RV title in exchange for the loan.
4. Funding – Loan amounts can go up to $50,000, with funds often available within one business day.8
5. Repayment – Make monthly payments for up to 48 months. Once complete, the lien is removed.
Getting a travel trailer title loan lets you keep using your RV while accessing extra cash
Requirements to Qualify for RV Title Loans
To qualify for RV title loans online, you’ll need to meet a few basic requirements:
- Age: You must be at least 18 years old.
- Clear Title: Ensure there are no liens or holds on your RV or mobile home title.
- Valid Title: The RV title must be current and in your name.
Additional required documents include*:
- Government-issued ID (such as a driver’s license)
- Proof of insurance (in some cases)
- Proof of income or repayment ability
- Photos of the RV
*Disclaimer: Some additional documents may be required depending on the specific loan and credit criteria.
Example of How a Typical RV Title Loan Works:*
| Examples | 2020 Winnebago Minnie Winnie | 2018 Jayco Greyhawk 29MV | 2015 Forest River Sunseeker |
|---|---|---|---|
| Vehicle Value | $65,000 | $55,000 | $40,000 |
| Title Loan Amount | $40,000 | $35,000 | $25,000 |
| Loan Term | 24 Mo. | 24 Mo. | 24 Mo. |
| APR | 85% | 95% | 120% |
| Fees | $100 | $100 | $100 |
| Monthly Payment Amount | $2,060 | $1,990 | $1,420 |
*Our repayment schedules don’t include prepayment penalties or hidden fees.
Real-World Example: Keep the Keys and Get Cash
Imagine you own a 2018 Jayco Greyhawk 29MV, valued at $55,000.
With an RV title loan, here’s what your financing could look like:
- Loan amount: $35,000 (about 65% of the RV’s value)
- Loan term: 24 months
- Interest rate (APR): 95%
- Estimated monthly payment: $1,990
Why Pay Off Early? Save Big on Interest
At 5 Star Car Title Loans, we never charge any fees if you pay off your loan early. Paying off your loan sooner can save you a lot of money, and we want every borrower to understand how that works.
That is why we like to show real examples of early repayment and how much it can help. This is especially true for RV title loans, since most borrowers take out larger amounts because their vehicles hold more value.
The sooner you pay it off, the more money you keep in your pocket.
Example: What Happens If You Pay Off in 6 Months
Let’s say you borrow $35,000 and your monthly payment is about $1,990.
- If you take the full 24 months, you’ll end up paying around $47,760 in total.
- But if you pay off the loan in just 6 months, you’ll only pay $11,940.
That Means You Save About $35,820 In Interest!
Key Benefits of RV Title Loans
RV title loans offer several advantages over traditional car title loans:
- Higher Loan Amounts: RVs typically have higher value than cars, allowing you to borrow more money.
- Flexible Terms: Loan terms can be up to 48 months, offering flexibility in repayment.
- No Perfect Credit Required – Approval is based on collateral value and income, not just credit history.
- Keep Using Your RV – You don’t lose access to your motorhome or camper.
- Alternative Income Accepted – Employment isn’t always required; proof of income from other sources may qualify.
Potential Disadvantages of RV Title Loans
While RV title loans near me can be beneficial, there are some drawbacks to consider:
- Higher Interest Rates: Although RVs provide strong collateral, interest rates can still be higher than other loan types.
- Risk of Repossession: If you fail to repay the loan, the lender has the right to repossess your RV.
What Happens if I Don’t Pay?
If you default on your RV title loan, the lender can legally take possession of your RV. This is why it’s crucial to fully understand the loan terms and ensure you can meet the repayment obligations before committing.
Are RV Title Loans Right for You?
RV title loans can be a valuable option if you need fast emergency cash and have equity in your motorhome or trailer. They are best suited for short-term financial needs where other borrowing options are limited.
Still, it’s essential to compare lenders, review interest rates, and choose repayment terms that fit your budget to avoid putting your RV at risk.
Thinking of Getting an RV Title Loan?
We help RV owners unlock the value of their vehicles, even with bad credit. You can keep using your RV while making payments, giving you access to the cash you need without interrupting your plans.
Remember, the key is to choose a payment plan you can afford and repay the loan as early as possible to reduce interest costs.
Call today to get a free estimate and see how much your RV may qualify for.
