The form will display your monthly payment, loan terms, total interest paid, and the total cost of your RV. Once you’ve filled in all the necessary fields, click the “Calculate” button. Sales tax is not included in the sticker price of an RV but contributes to the total RV cost. Input your local sales tax rate in the “Sales Tax” field. Options range from 1 to 20 years, and the corresponding months are listed as well. Enter the Loan Termįrom the dropdown menu labeled “Loan Term,” select the term over which you intend to repay your loan. If you’re unsure of this, your lender or financial institution can provide this information. Input the annual interest rate for which you qualify in the “Interest Rate” field. This can help reduce your overall loan amount. Input the amount of money you plan to put down at the time of purchase in the “Down Payment” field. This should be the value of your trade-in minus any remaining loan balance if you have one. If you’re trading in a used RV for a new one, enter the value you expect to receive from the trade-in. This should be the total price before trade-in, down payment, and sales tax. In the field labeled “RV Price,” enter the purchase price of the RV you intend to buy. This includes the price of the RV, any trade-in value you expect to receive, your planned down payment, the interest rate for which you qualify, the loan term, and your local sales tax rate. Gather Your Informationīefore using the loan payment calculator, gather all the information you need. To get the most accurate estimate from our loan calculator, follow these steps: 1.
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