Top Ten Questions about Financing your RV Purchase at Lichtsinn RV

At Lichtsinn RV we have the knowledge and experience to help guide you through your purchase of a new or pre-owned RV.  In the United States, 70 to 80 percent of the 11 million households that currently own an RV have a loan.  We’ve prepared a list of the top ten questions about “financing your RV” that we get here at Lichtsinn RV.



How does the process work? 

Most guests call us to complete a credit application over the phone.  It takes about five to ten minutes to complete verbally.   Alternatively, you can complete our online credit application on our secure website or you can also visit us in person.  Usually credit decisions take a day or less.   We work with trusted industry lenders that offer RV specific terms and rate advantages.

How do RV loans work?

Unlike traditional automobile loans and mortgages, RV rates are typically lower for longer term loans.   Most guests opt for a fixed rate twenty-year loan. This provides a lower monthly payment while still providing the flexibility to pay the loan off at any time with no penalty.  We will do whatever we can to help you get the monthly payment and loan term that best suits your budget.

Why should I finance my RV at Lichtsinn RV? 

We work with many national lenders who are competing against each other to provide our guests the most competitive rates. We also handle the whole process for our guests saving time and money! Our lenders are also using only your RV as collateral while some banks and credit unions will ask for other items such as CD’s, investment and even your home. Our goal is to make this process as seamless and easy for our guests as possible while working to help obtain competitive rates!

Are there fees or closing costs?

All of our loans carry no fees at closing, no closing costs and no points.

What are my payment options?

We offer both monthly and bi-weekly payment options.  The bi-weekly payment option can help shorten your term and save you thousands of dollars.

Are there pre-payment penalties?

There are no prepayment penalties and so you can pay extra each month or pay the whole RV off in a lump sum in the future if you choose.

Which lenders do you use?

We work with several lenders across the country to bring you the most competitive and flexible financing options available.   We have partnerships with Bank of America, US Bank, Bank of the West, Huntington Bank and several other major lenders.   We allow them to compete to help get you the lowest rate.

How much money do I need to put down?

Most of our lenders are currently requiring 10% down for RV financing.  There are 0% down options for some well-qualified customers.  Keep in mind that the more you put down the lower your payments will be and you’ll end up paying less in interest over the term of your loan.

Do I need to put my home up for collateral?

The only collateral you’re using to secure a loan at Lichtsinn RV is the RV itself.    You will not need to put up your home for collateral.

Can I deduct the interest on my RV loan?

Yes, in many cases.  According to the RV industry association, under the U.S. tax code, RV buyers can deduct the interest on certain loans used to purchase RVs as a mortgage on a second home. RVs qualify for a second home mortgage interest deduction because they are a popular weekend and vacation ‘home’ for middle-class Americans.

If you have any questions call (1-800-343-6255) or email the Lichtsinn RV Business Office today to find out more about financing your RV purchase.


Experience the Best® at Lichtsinn RV, the #1 Winnebago Dealer in North America for the last six consecutive years. Lichtsinn RV is located 1 mile north of Winnebago Industries in Forest City, IA and we proudly sell new Winnebago motorhomes and pre-owned RVs from various manufacturers. While at Lichtsinn RV, you can expect no delivery miles on new RVs, a complimentary half-day educational orientation of your RVexcellent guest reviews, an assigned support team from sales, parts, service and the business officesuperior accommodationsno-hassle pricing and competitive financing. See our extensive new and used inventory here.

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Ford Transit, Winnebago Help Revive Van-Based Motorhome Segment and Build Loyal Followers

  • After double-digit growth in 2016, van-based motorhomes are projected to become the fastest-growing segment in the motorhome industry for 2017; Ford Transit-based Winnebago Paseo is a newcomer in the Class B segment
  • Paseo and Fuse motorhomes are the latest Winnebago products built on a Ford platform – a collaborative history that dates back nearly half a century and includes the iconic Ford E-Series chassis and gas-powered F-53 Class A motorhome chassis
  • Ford Transit-based Fuse owners like the ride, driveability and power of the available 3.2-liter Power Stroke® I-5 diesel engine and performance; already drawing loyal followers, at a recent get-together in Cosby, Tennessee, Fuse campers shared their enthusiasm and pride of ownership

DEARBORN, Mich., May 17, 2017 – As Don and Sonya Pace backed their Ford Transit-based motorhome into a spot at Smoky Mountain Premier RV Resort in Cosby, Tennessee, the spring Winnebago Fuse owners’ get-together was officially under way. Setting up camp and meeting friends is a source of pride for these new Fuse owners and founders of the annual gathering.

The get-together is one of a handful of enthusiast events held around the country each year where owners of Winnebago motorhomes gather to enjoy the outdoors and talk about their travels aboard their Transit-based RVs. The Fuse, and its cousin, Winnebago Paseo, are among a fast-growing legion of motorhomes being built on the Ford Transit van platform.

Based on the company’s global van platform, Transit was introduced in the United States for 2015. Since then, the domestic RV industry has been quick to embrace the platform, which offers gas, diesel and CNG/propane gaseous prep options, as well as three available roof heights, three overall lengths and two wheelbases. Transit has been a boon for companies like Winnebago, which are creating a burgeoning Class B motorhome segment in addition to new products from the Transit cutaway chassis for the larger Class C segment.

“We looked at a lot of competitors, but once we saw how open the Fuse felt inside and how it still drives like a go-anywhere car, we were hooked,” said Don Pace. “We like that it’s built on a Ford platform – not just because it has great performance, but because there are more Ford dealers around the country, so there’s that peace of mind. We just love our Fuse.”

The Fuse uses a dual-rear-wheel Transit van cutaway chassis for a full-feature, 24-foot Class C motorhome with kitchen, bath and a slideout – for comfortable sleeping for four adults. The Paseo is a high-roof, extended-length Class B motorhome featuring a full bath, kitchen with refrigerator, and sleeping for two adults.

Industry-wide Class B sales grew 36 percent in the first three months of 2017. As a leader in the commercial van/cutaway and chassis segment for nearly 40 years, Ford has a long history with Winnebago and other leading motorhome manufacturers. The ESeries cutaway is still a top RV platform in the Class C segment, while Ford F-53 remains among the most popular gas-powered chassis for larger Class A motorhomes.

“Our customers have responded incredibly well to the new Transit platform,” said Russ Garfin, Winnebago product manager. “They love the driveability and the smooth ride, and the feedback on both of the engines we use – the EcoBoost® gas and five-cylinder diesel – has been great.”

Winnebago has more than 130 dealers offering Transit-based motorhomes across the United States and Canada. With gas prices the lowest they have been in years, Garfin expects he’ll be designing more versions off the Transit platform.

“With low fuel costs and people’s desire to disconnect and get away from it all, we expect sales of Transit-based motorhomes will continue to grow,” said Garfin. “With easy-to-use RVs like the Fuse and Paseo, there are more products for a wide range of customers.”

As for the Winnebago Fuse owners’ spring get-together, Sonya Pace said they had a great time in the Smoky Mountains and got to meet some of the greatest people on earth. “We got to talk about our Fuses and where we’ve been,” she said. “The new owners get help from the experienced owners.”

And they’re already planning next year’s event, posting pictures to Facebook and Instagram, making new friends and sharing travel stories. “We’re expecting more at our next event, which we hope to do in the western U.S. because we have a lot of members out there too,” said Sonya Pace.

Follow the Fuse owners’ club on Facebook at Winnebago Fuse Owners.

Source: Ford Motor Company 5/17/2017