RECREATIONAL VEHICLE LOANS
When getting there is half the fun
Let's check that adventure vehicle off your wish list
Whether you like to ride on the water, in the mud or on the open road — we’ll get you moving with an affordable Recreational Loan that suits your lifestyle. Plus, you’ll have bargaining power at the dealership with easy pre-approval.
Benefits of financing your Recreational Vehicle with PenAir Credit Union
Easy Application Process
The entire application process can be done from the comfort of your home when you apply online.
Low Rates
Since we’re not-for-profit, PenAir puts money back in your pocket by keeping interest rates low.
No payment for up to 90 days
We’ll give you plenty of time to work your new loan payment into your monthly budget.
Get Off The Beaten Path Today
Finance it Whether it Rolls, Floats or Slides
PenAir can help you get on the road to adventure, even if the vehicle doesn’t need roads! You can finance:
- Motorcycles
- Travel trailers
- Boats
- Golf carts
- ATVs and UTVs
- Jet skis
- Motorhomes/RVs
How Does a Recreational Vehicle Loan Work?
A loan for a recreational vehicle, whether it is an ATV, boat, motorcycle, or Motorhome/RV, works much like an auto loan. Generally, you use the vehicle being purchased as collateral, which means the lender will hold the title of the vehicle until the loan is repaid.
At PenAir, the rate offered does not depend on the vehicle type, but the maximum loan term is dependent on the age and type of vehicle. Boats and RVs have the longest available terms, while ATVs, UTVs and jet skis have the shortest terms.
Check Our Recreational Loan Rates
|
Loan Type |
Term up to |
APR* as low as |
|---|---|---|
|
Rates are effective as of April 1, 2023 *APR = Annual Percentage Rate. Rates are based on the evaluation of an applicant’s credit and may vary. All loans are subject to approval. Additional terms, conditions and restrictions may apply. Rates are subject to change without notice. Call toll-free 877.4PENAIR for more information. |
||
|
Loan Type Motorcycle |
Term up to 84 months |
APR* as low as 6.49% |
|
Loan Type Travel Trailer |
Term up to 84 months |
APR* as low as 6.49% |
|
Loan Type Motorhome |
Term up to 120 months |
APR* as low as 6.49% |
|
Loan Type ATV/UTV |
Term up to 72 months |
APR* as low as 6.49% |
|
Loan Type Boat |
Term up to 120 months |
APR* as low as 6.49% |
|
Loan Type Jet Ski |
Term up to 72 months |
APR* as low as 6.49% |
|
Loan Type |
Term up to |
APR* as low as |
|---|---|---|
|
Rates are effective as of April 19, 2023 *APR = Annual Percentage Rate. Rates are based on the evaluation of an applicant’s credit and may vary. All loans are subject to approval. Additional terms, conditions and restrictions may apply. Rates are subject to change without notice. Call toll-free 877.4PENAIR for more information. |
||
|
Loan Type Motorcycle |
Term up to 75 months |
APR* as low as 6.74% |
|
Loan Type Travel Trailer |
Term up to 72 months |
APR* as low as 6.74% |
|
Loan Type Motorhome |
Term up to 72 months |
APR* as low as 6.74% |
|
Loan Type ATV/UTV |
Term up to 66 months |
APR* as low as 6.74% |
|
Loan Type Boat |
Term up to 72 months |
APR* as low as 6.74% |
|
Loan Type Jet Ski |
Term up to 66 months |
APR* as low as 6.74% |
Crunching the numbers
Ready, set, go.
Disclosures
Approximate term = The term we use when calculating payments for the Credit Union’s loan products. *APR = Annual Percentage Rate. Rates are based on the evaluation of an applicant’s credit and may vary. All loans are subject to approval. Additional terms, conditions and restrictions may apply. Rates are subject to change without notice. Call toll-free 877.4PENAIR for more information.