Friday, June 2, 2023


How long before you pay off your RV loan?

Is your RV paid off? If so, bet it feels good, eh? Or maybe you paid cash for it, so you never had a payment to begin with! Ya rich or something? We’re kidding — good for you!

But for most RVers, monthly payments are a fact of life. How much longer will it be before you make your very last payment? If you pay extra every month or are paying off the loan in some other creative way, just estimate how long it will be before you own the RV’s title, not your bank or other lending institution.

The poll may take a few moments to load, so stand by!

Chuck Woodbury
Chuck Woodbury
I'm the founder and publisher of I've been a writer and publisher for most of my adult life, and spent a total of at least a half-dozen years of that time traveling the USA and Canada in a motorhome.


0 0 votes
Article Rating
Subscribe to comments
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inline Feedbacks
View all comments
1 year ago

6 years left on our 12-year loan on our travel trailer. I would trade it in, but the new prices are way too crazy right now. So, we’ll keep it a until it’s paid off.

Paul Mooter
1 year ago

No loans, no debt…paid cash. That was hard to let all that money go (three weeks ago) but that was the plan…and we did it. Love being debt free and house free.

RV Staff
1 year ago
Reply to  Paul Mooter

Congratulations, Paul! That must be very nice. Enjoy! 🙂 –Diane

Perry Butler
2 years ago

The only loans we’ve ever had are for our home and one auto. If you can’t pay cash for a discretionary item you can’t afford it.

Bob Palin
2 years ago
Reply to  Perry Butler

That’s nonsense. You can waste your life waiting to live while you save up for something, I choose to pay 2.99% and get started. You can’t get time back.

Sam Sprott
1 year ago
Reply to  Bob Palin

We are paying 4% deductible interest while earning 8% on our IRA and drawing only RMDs, Paying off the $140K owed would be a losing proposition for us.

2 years ago

We have a few years on the loan but it will be paid off when I retire in about 3 months and we will be free! Waiting so I don’t mess with taxes.

Last edited 2 years ago by Steve
4 years ago

As soon as my house sells. It goes on the market in a week.

ReneeG from Idaho
4 years ago

I selected 1 – 2 years, because there wasn’t an option for less than one year. We have 7 months, but that’s because we have quadrupled the payment to become debt free. We’re keeping this one. It is a high quality unit.

John Rakoci
4 years ago

The F350 purchased new in 2016 is paid for. No way was I going to take money out of the bank instead of a 20 year 2.5% loan in 2017. With trade, cash down the loan on the new Montana was not that bad but will be paid off before the 5er is 5 years old.

4 years ago

I would have answered “I don’t know” but that wasn’t a choice. Our payment is what fit our budget, we’ll make up or take out whatever difference there is when we trade or sell.

4 years ago

Camper paid for, truck is another story…..

Ken Quick
4 years ago

Always pay cash upfront for toys. Never finance fun.

D. Yoesting
4 years ago

Purchased our RV in 2013. We actually sold it this past April and owed a lot on it. To make the sale we had to pay $10,000 in cash in addition to the amount we received for the RV to complete the sale.

robert austin
4 years ago

When we went looking to get back to camping we had a budget that we would stick to. We had so much put away for one and that was all we intended to spend. Our old adage was if you can’t pay for it you don’t need it. In our 50 years of marriage we only financed one car and that seemed like it was forever. We bought a 2006 with 13000 miles and in the last 3 years have put 19000 on it. Being a 2006 means its well built with many nice features not found in new ones.

Henry Hoyt
4 years ago

Set-up my loan through my bank, not some money grabbing finance company, better all around experience.

4 years ago

We bought the same year we retired. Rather than cash out our investments, we opted for the 20 year loan with enough down payment to have the value at least down to drive off the lot depreciation. If we have to sell before we are ready, we will need to cash out. We are houseless, and our motorhome is our house, the loan is our mortgage . Although it depreciates whereas a house does not (hopefully but not always), taken into account taxes and ROI, 20 years made sense. Even a 5 year loan might not make sense if the person is doing that just so they can afford the RV and could not purchase otherwise. The amount of years left as a data point alone does not show the whole picture.

4 years ago

I still have 19 years to go if I only make minimum payments, but like everything I finance I always find a way to pay it off in much less time.

4 years ago

In the long run, we found it more cost effective to refinance the house and purchase the camper outright.

Sign up for the

RVtravel Newsletter

Sign up and receive 3 FREE RV Checklists: Set-Up, Take-Down and Packing List.