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Leisure Vehicle Loan

It’s about finding enjoyment. Enhancing your lifestyle. And discovering new ways to experience land and sea. So let us help you buy the leisure vehicle you’ve been dreaming about. We’ll help you get the fast, affordable financing you need.

I found a great rate, easy application process, and many payment options!

Apply for your ESL Leisure Vehicle Loan today.
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  • Features & Benefits

    We offer affordable loans for a variety of leisure and recreational vehicles:

    • New or used motorcycles
    • Powerboats from 14-25 feet
    • Jet Skis
    • ATVs
    • Snowmobiles
    • RVs – including new or used motor homes, truck campers, travel trailers, and camping trailers

    We also help you:

    • Save on borrowing costs with our low, fixed interest rates.
    • Save time by getting your loan approval before you start shopping.
    • Simplify management of your finances with our affordable, fixed monthly payments and flexible terms.

    Wait. There’s more to tell you.

    • No prepayment penalties.
    • Low cost credit life and disability insurance are available for extra financial protection.
    • Your loan balances may qualify for our exclusive Owners’ Dividend.*
    All rates subject to change without notice. Annual Percentage Yield (APY) is accurate as of the last dividend declaration date. A penalty may apply for early withdrawal. Fees could reduce earnings in these accounts. * Qualification for the Owners’ Dividend is subject to eligibility requirements. Payment of a Dividend is not guaranteed.
     
  • Specifics

    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:

    • Automatic transfers (AutoSweep) from your ESL savings or checking account
    • Automatic debits from a checking or savings account at any financial institution
    • ESL Internet Banking 
    • Transfers from your ESL checking or savings account made with TEL-E$L: our automated, easy-to-use telephone banking service

    You can also make payments in any ESL branch, by calling 585.336.1000, by mail, or by using chat banking.

     
  • Rates

    Motorcycle Loans (includes Personal Watercraft, ATVs, and Snowmobiles)

    Vehicle Age
    Model Year
    Term in Months
    APR as Low as
    Vehicle Age New and One-Year-Old Vehicles
    Model Year 2017-2018
    Term in Months Up to 48 49-60
    APR as Low as 6.79% 7.09%
    Vehicle AgeTwo-Year-Old Vehicles
    Model Year 2016
    Term in Months Up to 48 49-60
    APR as Low as 6.99% 7.29%
    Vehicle AgeThree-Year-Old Vehicles
    Model Year 2015
    Term in Months Up to 48 49-60
    APR as Low as 7.19% 7.39%
    Vehicle AgeFour-Year-Old Vehicles
    Model Year 2014
    Term in Months Up to 48 49-60
    APR as Low as 7.49% 7.79%
    Vehicle Age Five Years and Older Vehicles
    Model Year 2013 and Older
    Term in Months Up to 48 49-60
    APR as Low as 7.89% 8.29%

    Boat & Recreational Vehicle Loans

    Vehicle Age
    Model Year
    Term in Months
    APR as Low as
    Vehicle Age New and One-Year-Old Vehicles
    Model Year 2017-2018
    Term in Months Up to 60 61-84* 85-120*
    APR as Low as 6.79% 6.99% 7.09%
    Vehicle AgeTwo-Year-Old Vehicles
    Model Year 2016
    Term in Months Up to 60 61-84* 85-120*
    APR as Low as 6.99% 7.19% 7.29%
    Vehicle AgeThree-Year-Old Vehicles
    Model Year 2015
    Term in Months Up to 60 61-84* 85-120*
    APR as Low as 7.19% 7.29% 7.39%
    Vehicle AgeFour-Year-Old Vehicles
    Model Year 2014
    Term in Months Up to 60 61-84* 85-120*
    APR as Low as 7.49% 7.59% 7.79%
    Vehicle Age Five Years and Older Vehicles
    Model Year 2013 and Older
    Term in Months Up to 60 61-84* 85-120*
    APR as Low as 7.89% 8.09% 8.29%

    Rates accurate as of



    APR = Annual Percentage Rate. Rates subject to credit evaluation. Actual rates may vary. Lien placed on vehicle. *A $15,000 minimum for terms over 60 months.

    Payment Examples
     
  • Fees
    Potential Loan Late Fees After Opening Your Account

    Loan late fees vary. Below are the late fees for new loans issued. Contact an ESL Representative by phone at 585.336.1000 or 800.848.2265, use chat banking, or visit an ESL branch to determine your late fee for a loan issued previously.
     

    Motorcycle, Snowmobile, ATVs, and Watercraft Loans
    Late fees of 10% of the overdue payment of interest and principal are charged if we have not received the full monthly payment 15 calendar days after the scheduled due date.
     

    Recreational Vehicle Loan
    Late fees of 10% of the overdue payment of interest and principal are charged if we have not received the full monthly payment 15 calendar days after the scheduled due date.
     

     
  • How to Apply

    It’s easy to apply for a Leisure Vehicle Loan from ESL: 

    Borrowers AND co-borrowers must be at least 18 years old to apply.

    Required Documentation:

    For all vehicles:

    • The bill of sale from the dealer or private party seller
    • A copy of the most recent pay stub for borrower and co-borrower may be required

    For boats, motorcycles, and RVs:

    • Copies of the title and bill of sale are required for private purchases

    We look forward to helping you buy a leisure vehicle that will give you enjoyment and enhance your lifestyle. It’s all part of our effort to answer to you.