Recreational Vehicles

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Finance your fun! Let’s connect you with a Boat or a RV!

We’re as road-ready as you are

With NY TEAM FCU, you can easily manage your everyday banking from anywhere, whether you’re at home or on the go. Pay your bills while visiting a national park or check on your loan while relaxing on the beach. You have complete freedom to access your account and take care of your finances from the comfort of your own kitchen table or a picnic table. Plus, getting preapproved can help you hit the road or water faster and with less hassle.

Getting Your Boat or RV In 3 Easy Steps

Get pre-approved

Find out how much you can afford in minutes by applying now. Apply easily through Online Banking, Calling us 516.822.1070 Option 3 or visiting one of our branches.

Find your fun

Shop for your next RV or Boat.

Sign and your off to the races

Finalize your loan details with a NY TEAM FCU representative and you’re off to the races.

Loan Features:

Recreational Vehicle (RV) Loan

In order to qualify for a New RV Refinance, the RV must have been purchased as new and the refinance must be completed within 6 months of the original purchase date. The minimum term for refinancing is 24 months. The value of pre-owned/refinanced RV loans will be determined using the NADA Book value. Financing for up to 80% of the RV’s value, up to $120,000.00 is available. For pre-owned RVs, financing is subject to 80% of the clean retail value in NADA, appraised value, purchase price, or whichever is less. The RV must have a clean title, be 10 years old or newer, and be drivable for terms over 144 months (for motorhomes) up to 240 months. A required insurance binder must list the credit union as a lien holder. Truck campers, pop-up trailers, park models, horse trailers, and race car trailers are not eligible for RV loan financing.

Boat Loan

In order to qualify for a New RV Refinance, the RV must have been purchased as new and the refinance must be completed within 6 months of the original purchase date. The minimum term for refinancing is 24 months. The value of pre-owned/refinanced RV loans will be determined using the NADA Book value. Financing for up to 80% of the RV’s value, up to $120,000.00 is available. For pre-owned RVs, financing is subject to 80% of the clean retail value in NADA, appraised value, purchase price, or whichever is less. The RV must have a clean title, be 10 years old or newer, and be drivable for terms over 144 months (for motorhomes) up to 240 months. A required insurance binder must list the credit union as a lien holder. Truck campers, pop-up trailers, park models, horse trailers, and race car trailers are not eligible for RV loan financing.

If you sign up for e-statements and have direct deposit for your full loan payment plus $25.00 into your checking account, you can receive a 1% discount on your loan.

However, this discount does not apply to Real-Estate Lending, LOC (Personal Line of Credit), Share Secured, PAL Loans, or forced placed loans.