Frequently Asked Questions

All buyers should bring:

  1. Valid government-issued drivers license
  2. Current paystub
  3. Void cheque
  4. Contact a your Sales Consultant for a complete list of what you'll need to buy or trade in a RV with Go RV.

Four main factors determine whether you get approved for a RV loan:

  1. Vehicle selection—Cost, age, and mileage
  2. Application information—Employment history, residence, and income
  3. Credit history—Information contained in your credit file
  4. Down payment—total of cash and trade equity

Tip: For the best chance of approval, and the lowest monthly payment possible, try to select a vehicle that fits your budget and provide as large of a down payment as you can.

On approval, three factors will affect your monthly payment (in order of importance)

  1. Amount financed
  2. Term or length of contract
  3. Annual Percentage Rate (APR)

We offer competitive rates from a variety of finance companies to fit nearly every budget and credit profile. You can learn more about your personal finance options at any Go RV dealership.

The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your RV payment.

For example, if you make $2,000 a month you should spend no more than $300 on your RV payment. Monthly payments normally range from $20 - $25 per $1,000 financed.

Your credit score helps financial institutions predict the risk associated with your purchase of a RV, house, credit card, etc. Essentially, it's meant to forecast how (and if you will pay your bills.

The higher your credit score, the greater your chance of receiving a better financing offer from Go RV.

Your credit score is a number that ranges from about 350 to 850. In general, the higher the number, the lower the risk. The systems that generate your credit score look at your credit report and take several factors into account including:

  • The timeliness of your payments, including late payments
  • The amount and type of debt you have
  • The number and age of your credit accounts
  • Inquiries created by applying for credit
  • Public records such as liens and judgments

Many Go RV customers qualify for financing on their first vehicle purchase.

If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates.

Stipulations for college students vary by finance company. Check with a finance professional at any of our Go RV dealerships for more information.

Have more questions?

Email or 1-780-986-0444 and we would love to get back to you with your answer.