1. Yes—You Can Finance an RV with Bad Credit

Many people assume a low credit score automatically disqualifies them from RV loans, but that’s no longer the case in 2025. As more Americans seek life on the road, lenders have evolved to meet demand. Today, it’s common to find financing options for credit scores as low as 550.

That said, expect higher interest rates and possible down payment requirements if your credit is below average. But you can still get approved—and quickly.

2. Start with Guaranteed and Subprime Lenders

Certain lenders specialize in guaranteed RV financing, meaning they work with applicants across the credit spectrum. They’re more flexible than traditional banks and often provide instant pre-approvals online.

Look for companies like:

My Financing USA

Southeast Financial

RV Financing USA

Good Sam Finance Center

Credit Acceptance

These institutions often have dedicated programs for bad credit borrowers, self-employed applicants, and even Chapter 7/13 bankruptcy survivors.

3. Get Pre-Approved Before You Shop

Before stepping foot on a lot or browsing used campers online, get pre-approved. Why? It shows dealers you’re serious, gives you clear loan limits, and helps you avoid falling for a rig you can’t afford.

Most online pre-approvals are soft credit checks (no impact to your score), take under 5 minutes, and can offer instant loan decisions—even on weekends.

4. Expect These Loan Terms in 2025

RV financing works more like auto loans than mortgages. Here’s what most subprime buyers can expect:

Loan Terms: 8–20 years

Interest Rates: 8.99%–18.99% (based on credit tier)

Down Payment: 10–20% typical

Minimum Loan Amount: ~$10,000

Collateral: The RV itself

Some lenders will even allow financing for older campers or refurbished Class C models. Just make sure it’s titled and insured.

5. Documents You’ll Likely Need

To get approved fast—especially with poor credit—gather these:

Government-issued photo ID

Proof of income (pay stubs or bank statements)

Proof of residence (utility bill)

Social Security number

Details of RV you’re buying (or max budget)

Many online lenders allow you to upload these through secure dashboards without needing to visit a branch.

6. How to Improve Approval Odds (Even with Bad Credit)

Want better terms or a higher approval amount? Try these strategies:

Apply with a co-signer (especially one with excellent credit)

Offer a larger down payment—even $2,000 can make a difference

Opt for a newer model RV, which holds value better

Include all forms of income, including SSI, pension, or self-employment

Limit other loan inquiries 30 days before applying

These steps show lenders you're serious, reliable, and lower-risk—even if your score says otherwise.

7. What About “Buy Here, Pay Here” RV Lots?

Some used RV dealers offer their own in-house financing. This can be helpful if you’ve been denied elsewhere—but always read the fine print. These loans often carry very high interest rates and strict repossession clauses.

Still, they can be a viable path if you're rebuilding credit and need an entry-level camper fast.