A Quick Financing Guide
Click "View Article" to see the full version and/or print it out for your resources.
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Dreaming of owning a Happier Camper? Follow these steps to get approved for financing!
1. Know your numbers: Customize your camper with your Sales Consultant to calculate the total cost. Determine a feasible down payment amount (ex. $10k, 10%, etc.). Assess your credit score and debt-to-income ratio.
Tip: Utilize the Financing Calculator found HERE on our website to estimate monthly payments.
2. Explore your financing partner options: Identify your top 3 preferred lenders based on their rates and terms offered. Typically, there are three types of lenders:
- Your bank: Convenient, potential loyalty perks.
- Credit unions: Member benefits, possibly better rates for RV/personal loans.
- RV financing brokers: Wide lender network, RV expertise.
To assist with the process, we have provided potential lenders to consider on the printable version. Click "View Article" to access it.
3. Get pre-approved and compare offers: Once you have determined the desired amount you want to finance, obtain quotes for RV and/or personal loans, noting rates, APRs, and terms. Ask your lender what documents you need from us, such as the Happier Camper sales contract, VIN #, and MCO. Notify your Sales Consultant, so we can get these documents for you.
IMPORTANT: When reviewing loan terms, please ensure there is no mandatory deadline for when the Happier Camper needs to be delivered, titled and registered.
4. Apply to Desired Offer: The lender will review your application and supporting documents during the underwriting process. This process can take anywhere from a few hours to several days, depending on the complexity of the loan and the lender’s processes.
5. Sign: Understand all terms for your camper loan before signing. Ensure you agree with the interest rate, the APR, the loan amount, the repayment schedule, any fees/charges, default terms, and prepayment penalties.
6. Fund & Repay: Once approved, funds are disbursed according to the agreement, either sent to you or us. If the bank is paying us by check, please ensure that the name appears as: Happier Camper, Inc. Ensure to understand your repayment schedule and set up a system to avoid late fees.
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