Recreational Vehicle Loans
Financing for the weekend, not just the workweek
Boats, campers, travel trailers, motorcycles, and powersports, financed at credit union rates. Terms run to 180 months on larger boats and motorhomes.
What we finance
New and used, from a dealership or a private seller, and we will refinance something you already own.
Boats and personal watercraft
Runabouts, pontoons, fishing boats, cruisers, and jet skis. Boats over $50,000 qualify for terms as long as 180 months.
Motorhomes and campers
Class A, B, and C motorhomes, fifth wheels, travel trailers, and truck campers, whether you use them two weekends a year or live in them.
Motorcycles
Cruisers, touring bikes, sport bikes, and dual sports from any make. Terms to 84 months and no mileage restriction on used models.
Powersports
Side-by-sides, ATVs, snowmobiles, and dirt bikes. Smaller loans start at $2,500 with terms from 24 to 72 months.
Refinancing what you own
Dealer financing is often two to four points above ours. Bring us the payoff quote and we will tell you honestly whether refinancing is worth it.
Private party purchases
Buying from an individual rather than a dealer is fully supported. We handle the title work and pay the seller directly at closing.
Pre-approval
Walk onto the lot already financed
A dealership finance office makes money on the spread between the rate you qualify for and the rate you accept. Arriving with a Summit approval in hand removes that conversation entirely, and it turns you into a cash buyer for negotiating purposes.
Rates and terms by vehicle
Longer terms are available on higher loan amounts. Rates shown are for our top credit tier on new units.
Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.
Common questions
Is a 180-month term a good idea?
It lowers the payment considerably, but a boat depreciates faster than a 15-year loan amortizes, so you can stay underwater for years. Take the long term only if you are certain you will keep the vessel.
How old can a used unit be?
We finance recreational vehicles up to 15 model years old, and up to 20 years for boats with a documented marine survey. Rates on older units run about half a point above new.
Do I need a down payment?
Not on new units, where we lend up to 100% of the purchase price. Used purchases are financed to 100% of retail book value, which usually means a modest amount down.
Can I skip a payment in the off season?
Yes. After six months of on-time payments you may skip one payment per calendar year. Interest continues to accrue during the skipped month and the term extends accordingly.
Is insurance required?
Yes. Comprehensive and collision coverage naming Summit as lienholder is required for the life of the loan on every vehicle type we finance.
Can I buy from a private seller?
Absolutely. Send us the bill of sale and title information and we will handle the lien perfection and pay the seller directly, usually within two business days.
Get pre-approved before you shop
Sixty days of buying power, a rate you already know, and no pressure from a finance office you just met.