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Recreational Vehicle Loans

You want to see the world in a new way!

There is a wide universe of specialty vehicles out there. From diesel-powered recreational vehicles, to jet skis, to horse trailers, to boats. As a Central Bank checking customer, you may be eligible for a rate discount.

New and used specialty vehicle financing from Central Bank includes loans with fixed interest rates and fixed monthly payments. Specialty vehicles include, but are not limited to: RVs/Motorhomes, Motorcycles, ATVs, Snowmobiles, Jet Skis, Horse trailers, Campers, Travel trailers, Small aircraft, Toy haulers, Fishing boats, Runabouts and Houseboats.

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Finance recreational and other specialty vehicles through Central Bank. Our loan officers know the market and are willing to lend their expertise. Our RV loans feature:

Flexible financing options for new and used RVs
Quick approvals and potential discounts for Central Bank checking customers
Low interest rates and repayment terms reflecting the longer lifespan of many of these type of vehicles

Standard credit qualifications apply.

What types of RV or specialty vehicle loans do you offer?

We offer dealer purchase loans, refinancing and lease buyouts for RVs, fifth-wheel trailers, horse trailers and more.

What are the terms of an RV loan – the same as a car?

Many RVs have long lifespans, so accordingly, many RV loans have longer life cycles. This makes them eligible for relatively low interest rates and lower monthly payment terms.

Who is eligible to get an RV loan through Central Bank?

Applicants must be 18 years or older.

Can I be approved before I select an RV?

Sometimes, yes. In the instance of a dealer purchase loan, collateral information is not needed prior to a loan decision. In the instance of refinancing or lease buyouts, information (e.g. make/model, mileage) will be needed.

Can I refinance my existing RV loan through Central Bank?

Yes. Central Bank can refinance.

Is there a required down payment?

RV loan down payments are evaluated on a case-by-case basis. Typically, at least 10% down is required.

Are there particular dealers through which I can purchase?

Central Bank does business with dealerships across central and northwestern Iowa. Just let your Central Bank representative know which dealer you would like to purchase from.

Chris Jenness

Vice President, Mortgage Loan Officer | NMLS#493730

Location: Cherokee Main Office

Work Phone: (712) 225-2546

Dustin Pohlman

Vice President, Regional Retail Manager

Location: Spirit Lake Main Office

Work Phone: (712) 336-4100

Nancy George

Personal Banker II/Emerald Club Director

Location: Dakota Dunes Main Office

Work Phone: (605) 540-4333

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