Same as the rate the banks offer. It depends on credit score and history of the client. These factors determine the financing conditions the banks are able to offer. The amount to be financed is also a factor. Most banks will finance anywhere from 6 to 20 years.
Does the down payment affect the monthly payments?
Yes, it determines the amount to be financed. You do not want to overdo it because if you finance less of the amount on your bracket, it would reduce the term. This would cause your payments to be higher. Here at Lone Star RV, we have some great financial incentives since our banks specialize in RV financing. Please ask our Finance and Sales Associates about our Zero Down Program.