Leisure Vehicle Loan

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.^*

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.

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.
 

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

• Fill out an application online
• Visit any ESL branch
• Call us at 585.336.1000

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.