I already have a manufacturer’s warranty. Why do I need a service plan?
A manufacturer’s warranty is only valid for a limited time. With a service plan you can be sure your investments are always protected, even when your manufacturer’s warranty is up.
What are your rates and terms?
Our rates are based on the market and a variety of other factors including the amount you are financing, the age and type of boat or RV you are financing, your location, and your credit history.
*All rates offered are fixed APRs.
We offer terms from 60 months (5 years) up to 240 months (20 years) depending on the amount you are financing, the age of the RV or boat, and your credit history. We offer the longest term possible, as there are no prepayment penalties with any of our loans. This allows you to pay off your loan as quickly as you like while always having the option of the lowest payment. When you are approved, if you prefer a shorter term please ask the loan expert working with you and they can work that out for you.
I just submitted my application. What's next?
You will receive a confirmation email that we have received your application. A RecLending representative will call you to verify your information and ask for any other information we may need and explain the next steps!
Does filling out an application affect my credit?
No. All our credit checks are "soft pulls". However, to get your loan, a hard inquiry is required by law which may have a small effect on your credit score.
Is your website secure? Do you sell my information to other companies?
Our website and server environments are certified secure. All information and communication between you, us, and our partners is encrypted using the latest technology in today's financial industry. And no, we do not sell your information to any other companies.
Do I have to purchase from a dealer?
We work with dealers and private party purchases. This gives you the freedom to find the best deal possible for the RV or boat that fits your criteria.
Do you offer refinancing? I want to reduce my rate.
Yes, we do offer refinancing. You can call us at (517) 543-6921 or shoot us your questions in the Contact us form.
Can I count my spouse's income?
Sure! Just add your spouse as a co-applicant on the application.
I’m a recreational vehicle dealer. Can I recommend my customers to you for financing options?
We work with many dealers within the marine and recreational vehicle industry, and we would be more than happy to fully assist your customers in obtaining the best possible financing options.
Should I get insurance for my boat?
Yes, it’s always important to get insurance on your major investments like your boats. In fact, you cannot get a loan without it.
At RecLending, we offer options for comprehensive insurance coverage that will keep your boats protected.
My credit is not the greatest, can I still get a loan for a boat??
Whether you have great credit, or bad credit we’ll find the best loan to fit your individual needs.
