RVs have long been a part of life, but did you know you use the equity from your RV as collateral and get a title loan of up to $50,000? Title loans on cars and motorcycles have been widely used for years to pay for financial emergencies. Now, people are realizing they can get the same type of loan with a recreational vehicle as collateral. Similar to how a title loan on a car works, you need a fully paid off RV and your lender is added a lienholder on the pink slip in exchange for a loan almost entirely based on the RV's value. At Express Car Title Loans, we can process these secured loans quickly, and you can typically do most of the underwriting online or over the phone at 888-864-7180.  The types of vehicles that you can use for an RV title loan include:
  • Autocaravanas clase A. 
  • Autocaravanas clase B. 
  • Autocaravanas clase C.
  • Remolques de viaje. 
  • Quinta rueda. 
  • Transportistas de juguetes.
  • Campistas emergentes.
 

¿Cómo funcionan los préstamos sobre el título de vehículos recreativos?

Getting an RV title loan is no different than getting a title loan or préstamo de registro for any car or truck.
  • Start by applying with Express Car Title Loans. The only information we need about the RV is its make, model, VIN, and mileage. Once you're pre-qualified and get a quote, we'll work to determine the best payment option and loan amount using the equity from your RV as collateral.
  • Your lender will want to inspect the RV, which can be done at their lending location or at your home or work. The inspection takes 20 minutes or less and mostly involves looking for any damage or mechanical problems that can lower the RV's resale value.
  • You'll add the lender as a lienholder to the RV's title, which gives them first ownership rights until the loan is fully repaid.
  • Once you sign the agreement, you'll be free to pick up your loan proceeds immediately after the loan is funded. Some companies offer same day funding through ACH or direct deposit!
  Préstamo de título de RV exprés  

¿Cuánto puede obtener por préstamos sobre el título de vehículos recreativos?

Loan amounts with an RV title loan range from $1,000 for toy haulers and campers to $50,000 for high value motorhomes. Ultimately, your exact loan amount depends on the following factors:
  • The RV’s appraised value. Lenders usually offer a loan based on a percentage of the RV's resale value. The percentage varies but typically ranges from 50% to 70%. In some cases, you can borrow more with a thorough inspection where the lender is assured they'll get full value for the RV if it's ever sold at auction.
  • Lender policies. Different lenders set their policies for loan amounts, and each state has lending regulations that limit loan amounts and interest rates. For example, California and Washington have strict interest rate caps, and most lenders have a minimum loan amount of $2,5000. Regarding second lien title loans y préstamos sobre títulos con títulos reconstruidos, a menudo puede pedir prestado 40% o menos del valor del RV.
  • Your financial situation. While your credit score is not as important as if you applied for a credit card or bank loan, it's still a factor when underwriting an RV title loan of over $5,000. We'll also evaluate your ability to repay the loan through bank statements and employer records.
 

When Does It Make Sense To Get A Title Loan On An RV?

Some factors to consider before getting a title loan on an RV include the following:
  • You need full ownership of the RV to qualify for a title loan. So, even if you own a high percentage of an RV with another cosigner or lienholder, you won't be eligible for a loan. The RV's pink slip must show you as the sole owner.
  • Understand your RV's resale value. Some older motor homes and travel trailers are worth far less than just a few years ago. Most RVs depreciate quickly, and it helps to know the title loan value of your RV before applying.
  • Carefully review the terms and conditions of your loan and only agree to an amount you can afford to pay back. RV title loans have interest rates over 30% in most states, and you risk defaulting on the loan if you only pay the minimum amount due monthly.
 

¿Existen restricciones estatales sobre los préstamos sobre títulos de vehículos recreativos?

Some states regulate title loans, and your state may have more extensive regulations for loans that use an RV or motorhome as collateral. For example, some states set maximum title loan amounts, including for RVs. Many states restrict the maximum interest rate a lender can charge and limit the length of time a title loan can be issued. Like Préstamos con título de auto en California, a lender can only offer a title loan on an RV with an interest rate of 36% or lower.  Are you looking for a title loan on an RV that's not entirely paid off? It would be rare for a lender to offer you funding if you’re still paying off an RV. The lender who financed the initial RV purchase has a lien on the title until the RV is paid off.  Si bien generalmente no puede usar un vehículo recreativo como garantía para otro préstamo si existe un acreedor prendario, algunos prestamistas le permitirán reemplazar su préstamo actual para vehículos recreativos con un préstamo nuevo. El nuevo prestamista liquidaría el saldo restante y se convertiría en el nuevo acreedor prendario del título. Este proceso podría permitirle utilizar su vehículo recreativo como garantía.  

¿Qué necesita para obtener un préstamo sobre el título de una casa rodante?

Every lender is going to have specific underwriting requirements, but generally, some of the things you might need to provide to get a title loan include:
  • Valid ID - Any driver's license or passport can be used to verify your identity.
  • Lien Free Title - The RV's title must show you as the primary lienholder. All loans and liens must be fully paid off before you can qualify for a title loan.
  • Proof of income - You need a monthly income of at least $2,000 to qualify for an RV title loan.
  • Vehicle registration - Your registration must be current, and you need proof that the RV has recently passed a smog test.
  • Proof of insurance - In most states, your RV needs at least $25,000 of liability coverage.
  Express Car Title Loans is a leading provider of title loans for RVs, motorhomes, and all types of travel trailers and campers. We'll get you a quote in less than 30 minutes, and some customers can qualify for $5,000 or more with cash sent to their bank account in 24 hours or less!  Call 888-864-7180 today to see how much you can borrow using your paid-off RV!