How to Pay Off Your Camper Loans Early

A lot of people are embracing the lifestyle that owning an RV affords. It’s easy to understand the perks. Not only do you enjoy a life of simplicity, but you also get to have adventures on the road and meet people from all walks of life.

Living on the road is a good way to experience another aspect of humanity that you might not be used to, and this can be a good thing. Despite the numerous advantages of owning a camper, there’s a lot that goes into the decision.

First, you need figure out the best way to pay for a camper. This usually involves taking out camper loans. Figuring out the financing aspect is only one half of the problem. Next, you have to decide how best to repay that loan.

Why you should pay off your camper loans fast

The simplest reason to pay off your loans as quickly as you can is to save money. Yes! The longer you retain a loan, the higher your interest rate and the more money you have to pay.

Campers and RVs can be quite expensive and without proactive planning, you may spend years paying off the camper loan. Figuring out a way to pay off your loans early would help reduce the overall term of the loan.

It would also give you peace of mind, allowing you to enjoy your adventures in your camper without money troubles hanging over your head.

3 Ways to pay off your camper loans quickly

1. Make extra payments

Just so you know, the interest rates on RVs and Campers are typically higher than a regular home mortgage. This means you’d have to fork out a load of money for your vehicle in the long run.

A good way to save your money and reduce the interest rate is to pay more than the regular principal amount. The extra sum would not only reduce your interest burden, but your loan balance will also decrease at a quicker rate.

2. Round up your loan payments

You may not know this but rounding up your loan payments can help shave off some extra cash from your loan balance. If you can’t afford to make extra payments, then this is the next best thing.

If your monthly payment is $312, rounding that figure up to $350 would make a huge difference. Not only would it significantly reduce the overall term of your camper loan, but it would also save you a lot of cash in interest.

3. Increase your income

You can’t go with either of the two options above if you don’t make some extra money. You can save yourself a lot of financial headaches by finding ways to increase your income.

Whether it’s a part-time job or an online sales gig, an extra source of income can be your ticket to easily paying off your loans in record time.


There are many benefits to paying off your camper loan quickly. If you need more motivation, just think about all you could do with the extra money you save.

About RJ Frometa

Head Honcho, Editor in Chief and writer here on VENTS. I don't like walking on the beach, but I love playing the guitar and geeking out about music. I am also a movie maniac and 6 hours sleeper.

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