I'm paying 4.5% on a 72 month loan for a 2019 Rockwood. I bought it brand new in 2019 gong thru my local Credit Union.
My credit score was/is in the 800+ range.
๐Used RV's generally have a slightly higher rate, but it's all up to the bank when you apply and your credit score from what I understand.
I'm more than 1/2 way thru the loan and the balance. Plan to pay off early too, with extra balance payments when I can.
I passed on the extra 'warranty' and not sure what GAP insurance is so can't comment on that.
140 months is just over 11 years, so you'll be paying alot in interest for the first half of the loan.. I hesitated at 72 months myself... But, knew I was going to keep this rig for at least that long anyway, and if I can make the extra payments anyway, it'll be paid off early anyway.
This probably won't be your 'forever RV', so gotta take that into consideration too.. Don't want to be upside down on that loan if you want or need a bigger one as the family grows sooner than the loan is less than the current value of the rig at that time.
If anything, put the $2,000 away for your self and hold it if anything 'major' happens to the rig.. At least you know you just didn't give your dealers sales person a bigger Christmas bonus!
๐Just my experience and opinion on the deal.. Good luck! Mitch
2013 F150 XLT 4x4 SuperCab Max Tow Egoboost 3.73 gears #7700 GVWR #1920 payload. 2019 Rockwood Mini Lite 2511S.