Important Information to Consider
- Get a loan approval before you start shopping
- Once you’re approved, the maximum amount you can borrow will be based on the value of your collateral
- Loan approval is good for 30 days
- The interest rate is based on rates in effect on the day of your application
- Please remember that ESL must be the first lien holder
How Much Can You Borrow?
The following information will give you a clear idea of the maximum loan amounts available from ESL:
- New RVs: Up to 98% of the National Automobile Dealers Association (NADA) suggested list value
- Used RVs: Up to 128% of the NADA used wholesale value
- New boats: Up to 98% of the NADA high retail value
- Used boats: Up to 128% of the NADA used trade-in value
- New motorcycles, snowmobiles, ATVs, and jet skis: Up to 98% of the NADA average retail value
- Used motorcycles, snowmobiles, ATVs, and personal watercraft: Up to 118% of the NADA rough trade-in or wholesale value
Please remember that the maximum amount you can borrow depends on the kind of vehicle you want to buy and your current credit rating.
A Wide Range of Flexible Terms
- RVs: 6-120 months – for terms greater than 60 months, the minimum loan amount is $15,000
- Boats: 6-120 months – for terms greater than 60 months, the minimum loan amount is $15,000
- Motorcycles, snowmobiles, ATVs, and jet skis: 6-60 months
Due Dates and Payment Options
To simplify budgeting and planning, our loans come with a fixed due date each month and a variety of payment options:
You can also make payments in any ESL branch or by calling 585.336.1000.