Gone Outdoors

How to Assume an RV Loan

by Melissa Warner

Assuming an RV loan is an option for people with bad credit who dream of owning a motor home or RV of their own. To successfully assume a loan, there are a number of important steps to follow. Many people do not know this option exists, but it is making many people's dream a reality.

How to Assume an RV Loan

Search the internet for companies that assume RV loans. Two examples you will find are dreamrvsforsale.com or internationalmai.com.

Peruse the website you choose to see what RVs are available, and decide which RV suits you best.

Email the owner for more information on the RV. Ask the owner if they are willing to let you assume the loan. Leave your contact information and they will contact you back.

Ask the owner any questions you have about the RV before you sign the contract. The owner must answer every question honestly.

Set up payment arrangements with the owner of the RV through the company.

Sign the contract and make the first payment.

Pick up the RV at the agreed location. Continue to make payments as set up.

Items you will need
  • Computer
  • Internet access
  • Telephone
  • Access to fax


  • Stick to the payment plan as agreed.

About the Author

Melissa Warner is a freelance writer and editor in Milwaukee, Wis. Her work has appeared in a variety of publications, including "The Irish American Post" and "The London Student." Warner received a Bachelor of Arts in journalism and mass communication from the University of Wisconsin at Milwaukee.