Be a Savvy Shopper When Buying Summer Toys

If you’re hoping to hit the road with a new RV this summer, it pays to follow this advice.

Zions Bank Jun 27, 2018

Summer is here, and that means time outdoors with families and friends, traveling, camping and enjoying the amazing recreational opportunities we have in Idaho, Utah and Wyoming. And for many, those excursions aren’t complete without “toys,” or RVs.

An RV, or Recreational Vehicle, is more than just a motor home. The term RV actually encompasses a lot of machinery including motor homes, travel trailers, boats, ATVs, motorcycles and even snowmobiles.

If a new RV is in your future, and you plan to finance the purchase, consider these four tips before taking the leap into an RV loan:

Tip #1: Never take a price at face value and practice negotiating.

Often times, vehicles — especially recreational vehicles — can be marked up as high as 30 percent or more. Talk to the dealer about your budget, and try to work toward a price that is reasonable for your situation.

Tip #2: Before shopping for an RV, check your credit score!

Great credit scores can help you obtain a lower interest rate when you make a loan for your RV. Some experts suggest that a credit score of 650 or higher will allow you to access the best interest rates available.

Tip #3: Shop around for loans that work for you and your budget.

For example, at Zions Bank on a new RV loan, we can help finance 80 percent of the sales price. If the vehicle is considered used, we can help finance 75 percent of the sales price or 100 percent of Kelly Blue Book’s wholesale price — whichever amount is less.

It’s incredibly helpful to know what your options are and what you can afford. Which brings us to… 

Tip #4: Be realistic about what you can afford.

Unfortunately, it’s easy to look at a price tag of a vehicle and say, “We can afford it.” But you also need to consider the taxes, insurance, upkeep and fuel costs. Talk to insurance agents about coverage and pricing before you commit.  There may be additional costs for winter storage to consider.


When it comes to making a decision about purchasing an RV, always do your homework. Happy trails!

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