RV values across the board (especially MSRP) are inflated well above the actual transaction prices to allow the 10 year loans that are common to be priced competitively.
It makes it look to the bank that you're financing a $30K RV for $20K, effectively putting a 33% down payment if you can negotiate well. The banks get their 4% each year, the buyer gets the privilege of a smaller monthly outlay over a long term (and it's quite profitable for the bank/dealer), and the consumer is upside down for 6-7 years of the loan.
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