Let’s face it, RVs are expensive. Many people can’t manage to buy an RV outright, and loans can be hard to come by, especially if you are considering buying a used RV.
Here’s the thing, though – RV ownership can actually be pretty affordable, especially if you find the right lender, like LightStream.
About LightStream
Founded in 2013, LightStream is the online consumer lending division of Truist Bank, offering unsecured fixed-rate loans to customers with good to excellent credit. With competitive rates and an easy application process, you can find unsecured consumer loans for practically anything – auto, home improvement, debt consolidation, wedding, adoption, tiny house, service animal, and of course, RVs.
What Sets LightStream Apart
LightStream makes personal lending quick and easy. The application process is entirely online, funds can be deposited as early as the same day.
No restrictions on RVs’ age or model.
As mentioned above, some loan vendors can be restrictive or even exclude used RVs. LightStream doesn’t – there are no restrictions based on the age or model of the RV you’re hoping to score.
Negotiate as a cash buyer, with same day funding available.
LightStream funds you directly, meaning you can negotiate as a true cash buyer. Bonus – with same day funding, you don’t have to worry someone else will get your perfect RV! When you fill out your application and complete all of your loan information by 2:30 pm EST on a business banking day, LightStream can get funds over to you as soon as the same day you apply.
No collateral, no fees, no home equity requirements.
The unsecured LightStream loan has no fees or prepayment penalties. There are also no appraisals or lienholder requirements.
Great rates for good credit.
Good-to-excellent credit customers deserve low-interest, fixed-rate financing and a convenient loan process. That’s what LightStream delivers, so you can get your RV without breaking your budget.
You’re in control.
Easily apply online in minutes, and you could get a loan from $5,000 to $100,000. LightStream has flexible terms, so you can choose what works best for you. Plus, LightStream’s RV loans are unsecured. That means you don’t have to list LightStream as the loss payee on your insurance, saving paperwork and granting you control of your insurance policy.
Tips for Buying an RV
If you’re ready to buy your RV, you’ll likely be doing a lot of research. One of our RV travel experts takes out some of the guesswork and shares how she will decide which RV to purchase for her family of 4. She breaks down the different RV types, features to look for, and other considerations.
