How Buy Here Pay Here RV Financing Works: A Buyer’s Guide

What Is a Buy Here Pay Here RV Dealership?

Buy Here Pay Here (BHPH) RV dealerships are a unique type of seller-financer that have gained popularity in many regions, particularly among buyers who struggle to secure loans through conventional financial institutions. These dealerships offer in-house financing—meaning the dealership acts as both the seller and the lender.

This model gives BHPH dealers more flexibility when it comes to qualifying buyers, as approval decisions are often based on income, employment status, and proof of residence rather than strict credit scores. While this makes RV ownership more accessible for a wider audience, it's essential to understand both the benefits and potential downsides before proceeding with a purchase.

How Buy Here Pay Here RV Dealerships Operate

In-House Financing:

The dealership handles both the sale and the financing, eliminating the need for external banks or credit unions.

Flexible Approval Criteria:

Rather than relying heavily on credit reports, many dealerships base approvals on current income, employment stability, and residential status.

Payment Structures:

Payments are often made weekly or bi-weekly. Many dealerships now offer digital payment options in addition to in-person transactions.

Inventory Options:

Dealerships may carry new, pre-owned, or refurbished RVs. The focus tends to be on affordability and functional condition rather than luxury features.

Advantages of Buy Here Pay Here RV Dealerships

Global Accessibility:

Ideal for buyers with limited credit histories or financial setbacks, this model is available in many English-speaking countries, including the UK, Australia, Canada, South Africa, and more.

Fast Approval Times:

Decisions are often made within hours or by the next day, allowing for quicker access to an RV.

Flexible Payment Plans:

Payment schedules are often customizable, which can be a lifesaver for buyers with non-standard income flows.

Potential for Credit Building:

In some regions, dealerships report payments to credit bureaus, offering a chance for credit improvement over time.

Comparing RV Financing Options

Financing Source Financing Type Credit Requirements Interest Rates Down Payment Payment Flexibility Inventory Size

Traditional Dealerships Bank / Third-Party Good to Excellent Low to Moderate Usually Lower Standard Wide Selection

Online Lenders Online / Third-Party Fair to Excellent Low to Moderate Varies Standard Varies

Buy Here Pay Here Dealers In-House All Credit Types Accepted Moderate to High Moderate to High Customizable Moderate

Finding Buy Here Pay Here RV Dealerships Around the World

While the concept originated in North America, the BHPH model is becoming increasingly common in other English-speaking markets. Here are some ways to find them internationally:

United Kingdom: Look for RV dealers offering “in-house hire purchase” or “dealer financing” options.

Canada: Many independent RV dealers now offer similar in-house solutions in addition to traditional lending.

Australia & New Zealand: Search for dealers advertising “no credit check” or “dealer finance available” on campervans and caravans.

South Africa: The term “rent-to-own” is often used similarly to BHPH, especially for off-grid and mobile home setups.

Key Considerations Before Choosing BHPH Financing

Higher Interest Rates: These tend to be higher than bank or credit union rates due to the increased risk taken on by the dealership.

Vehicle Markup: BHPH vehicles may carry a higher price tag than similar models elsewhere.

Repossession Risk: Missed payments can quickly lead to repossession due to the close tie between dealer and lender.

Limited Inventory: Choices may be more limited, especially for high-end or newer models.

Buy Here Pay Here RV dealerships offer a valuable alternative for those who may be locked out of conventional financing due to credit challenges or income instability. While this model has traditionally thrived in the United States, it’s increasingly being adopted globally, with various forms emerging in other English-speaking countries. By understanding how the system works, comparing options, and reading terms carefully, buyers can confidently navigate their way toward RV ownership—regardless of their financial past.