How long is the financing term for a new travel trailer?
The loan term for travel trailers depends on the amount financed and the trailer’s age. The average term for recreational trailers between $25,000–$99,000 is 8 to 15 years.
Most lenders won’t finance less than $7,500 for a trailer loan. Some may even require a minimum loan of $25,000. A five- to six-year loan term is a smart financial decision, but a longer term will give you more flexibility on your monthly payment amount.
At Mountain America Credit Union, we offer flexible loan terms for new and used travel trailers. We also offer terms up to 12 years for fixed loans as well as a 20-year balloon payment option.