Part 5/19:
Financing: The New Barrier
Even as dealerships slash prices, the cost of financing complicates recovery efforts. Current average loan rates for RVs hover between 8% and 10%, pushing monthly payments on used rigs to unsustainable levels. For a used RV priced at $50,000 with a 10-year loan, monthly payments can soar beyond $1,200—surpassing typical mortgage payments for some buyers.