Whether you’re eyeing a Class A motorhome parked on a dealer lot in Calgary or a used fifth wheel listed privately in Muskoka, financing your RV through the right lender network makes all the difference. Finance That connects Canadian buyers with 30+ specialized lenders, so you get competitive rates and real approval — not just a pre-qualification that evaporates at the dealership.
Helping Canadians Get Approved Backed by Canada’s Most Trusted Lenders
Whether you’re purchasing personally or for your business, Finance That makes it easy to apply and get approved with flexible financing options tailored to your needs.
*Rates vary based on credit profile, asset type, and lender approval.
Getting an RV loan shouldn’t take longer than a weekend hike. The process runs in three clear steps, and most applicants receive same-day pre-approval.
Complete a single application from any device. The initial inquiry uses a soft credit check — zero impact on your credit score. You'll enter basic personal information, income details, and the RV you have in mind. No obligation at this stage.
The application routes simultaneously to over 30 Canadian lenders. They compete for your business. A dedicated financing specialist reviews the competing offers and presents the lowest rate and best terms available for your credit profile.
Once you accept an offer, documents are issued electronically. Sign from your laptop or phone. Funds are released directly to the dealership or private seller. Transfers typically clear within one to two business days.
RV loan rates in Canada depend on credit score, loan amount, term length, and the age of the RV. The table below shows current rate ranges by credit tier across Finance That’s lender network.
| Credit Tier | Credit Score Range | Starting Rate |
|---|---|---|
| Prime | 700 and above | from 7.99% APR |
| Near-Prime | 640–699 | from 9.99% APR |
| Subprime | 550–639 | from 12.99% APR |
| Deep Subprime | Below 550 | from 16.99% APR |
Longer terms lower the monthly payment but increase total interest paid over the life of the loan. A $75,000 loan at 9.99% over 20 years carries a monthly payment near $721, while the same loan over 10 years runs approximately $988/month — saving over $17,000 in total interest. A financing specialist can model both scenarios for your exact numbers before you commit.
Rates on used RVs older than 10 years are sometimes 1–2% higher than equivalent new-RV rates, depending on the lender. RVs over 15 years old may require a larger down payment from some lenders. Ask your specialist about age restrictions specific to your vehicle.
Browse cars, trucks, ATVs, RVs, and commercial equipment, all available with fast, flexible financing through the Finance That Marketplace.
Compare, and apply for financing in minutes, directly from any listing. Whether you’re purchasing personally or for your business, we make it simple to get approved and move forward without the back-and-forth.
Finance That arranges financing for every major recreational vehicle category sold in Canada. Here’s what that covers and what to know for each type.
The largest, most feature-rich motorhomes on the road — think full-length slide-outs, residential kitchens, and sleeping capacity for six or more. Loan amounts up to $200,000. Minimum loan typically $25,000. Widely accepted by prime and near-prime lenders.
Built on a standard cargo van chassis — Mercedes Sprinter, Ram ProMaster, Ford Transit. Compact, fuel-efficient, and increasingly popular for solo travellers and couples. Loan amounts typically $30,000–$120,000. Strong resale value helps with lender approval.
Mid-size motorhomes built on a cutaway truck chassis with the signature cab-over sleeping area. Excellent family option. Widely financed across all credit tiers. Loan amounts $30,000–$160,000.
Towed behind a properly rated pickup or SUV. No engine to maintain. Available in single-axle entry-level models to luxurious multi-slide units. Loan amounts $10,000–$80,000. Among the easiest RV types to finance even with challenged credit.
Requires a pickup with a fifth-wheel hitch. Offers the most residential-style living space relative to cost. Popular across Alberta, BC, and Ontario. Loan amounts $25,000–$130,000.
A travel trailer or fifth wheel with an integrated garage for ATVs, motorcycles, or snowmobiles. Popular in Western Canada. Financing follows the same parameters as the underlying trailer type. Loan amounts $30,000–$150,000.
Financing a powersports vehicle to tow in the garage? See the powersports financing page for bundled options.
A bruised credit history doesn’t have to mean life without an RV. Finance That works with lenders who specialize in non-prime recreational vehicle loans across every province.
A note on credit rebuilding: every on-time RV loan payment gets reported to Equifax and TransUnion. Borrowers who make consistent payments over 24 months regularly see credit score gains of 40–80 points. Refinancing at a lower rate becomes possible once the score improves.
Ask your specialist about Finance That’s refinance pathway when you apply. For a deeper breakdown of bad credit approval strategies, read the blog post on bad credit RV loans.
There’s no shortage of financing options in Canada. With Finance That, a single application reaches over 30 Canadian lenders simultaneously. Banks, credit unions, and specialty recreational vehicle lenders all compete for your file. You see the best offer, not just the first one.
Also You get a Dedicated Financing Specialist who handles your file from application to funding. They answer questions, negotiate lender conditions, and coordinate document collection.
The best deal on your next RV might be listed on Kijiji or Facebook Marketplace rather than at a dealership. Finance That facilitates private sale RV financing — a process that requires a few extra steps but is entirely manageable.
Identify the private seller, agree on a price, and confirm the VIN.
Submit the standard 2-minute application and include the vehicle details (year, make, model, VIN, asking price).
Finance That orders an PPSA (Personal Property Security Act) lien search on the VIN to confirm the seller has clear title and no outstanding loans registered.
Most lenders require a third-party inspection for private sale RVs. Finance That coordinates this through a network of inspection services across Canada. Cost: typically $150–$300.
Once the lender approves, funds are sent directly to the seller via bank draft or electronic transfer. The seller doesn't receive cash from you the lender pays them directly.
Ownership documents are transferred to you, and you begin repayment.
For a complete walkthrough, read the blog post on private sale RV financing in Canada.
Finance That operates across all ten provinces and three territories. Provincial lending regulations, consumer protection rules, and lender availability vary — here’s a quick overview.
Canada's largest RV financing market.
Strong demand for Class B campervans and fifth wheels.
Toy haulers and fifth wheels are popular.
Fixed-rate products are available from all lenders.
Active demand for travel trailers and toy haulers.
Competitive lender participation.
View PEI RV financing options.
Growing RV market with coastal touring routes driving demand.
View New Brunswick RV financing options.
View Newfoundland RV financing options.
There is no hard minimum credit score. Finance That has lenders who approve applications with scores below 500, though rates are higher and a down payment is typically required below 550. Applicants with scores above 700 qualify for the best available rates, starting at 7.99%.
RV loan terms in Canada run from 1 to 20 years through Finance That’s network. Longer terms are available on newer, higher-value RVs. Older RVs (15+ years) may be capped at 10–12 year terms depending on the lender.
Yes. Finance That finances both new and used RVs. Most lenders in the network accept used RVs up to 15–20 years old. RVs older than 15 years may face higher rates or require a larger down payment.
Not necessarily. Prime and near-prime borrowers frequently receive $0 down approval. Subprime and deep subprime applicants typically need 10–20% down to secure approval. A larger down payment always improves the rate offered regardless of credit tier.
Yes. Finance That specializes in private sale RV financing. The process includes a PPSA lien search, third-party inspection, and direct payment to the seller. Full details are covered in the Private Sale section above and in the blog post on private sale RV financing.
Yes. All lenders in Finance That’s network require proof of insurance before releasing funds. RV insurance must list the lender as loss payee. If you don’t have a provider, Finance That can connect you with recreational vehicle insurance specialists at no referral cost.
The initial inquiry uses a soft credit check — no impact on your score. A hard credit pull only occurs when you authorize a full credit application with a specific lender. Finance That will always ask for your permission before initiating a hard pull.
This depends on the lender. Some lenders charge a prepayment penalty — typically 3 months’ interest — while others allow full or partial prepayment at any time with no penalty. Your financing specialist will confirm the prepayment terms before you sign.
Most applicants receive a pre-approval decision the same day. Full approval with funding typically takes 1–3 business days once all documents are submitted. Private sale financing takes slightly longer (3–5 business days) due to the lien search and inspection requirements.
Applying directly at a single bank means your application is evaluated against that one institution’s criteria and rate card. Finance That submits your application to 30+ lenders simultaneously, generating competing offers. This typically results in a lower rate, more flexible terms, and a significantly higher approval probability.
Thousands of Canadians have financed their RV through Finance That’s lender network from first-time buyers working through a consumer proposal to prime borrowers picking up a $180,000 Class A motorhome. The application takes two minutes, the soft credit check costs you nothing, and a specialist is standing by to match you with the best available offer.
