RV Financing changes: Your complete new guide to RV loans for 2020

RV sales are booming these days like we haven’t seen in years. But knowing the ins and outs RV financing and RV loans can be a daunting task. With the economy taking a big hit because of COVID-19, you may have heard interest rates are at an all-time low. That may be true for home mortgages but it sure isn’t for RV financing rates for RV loans. So, this week in our interview of the week segment (scroll down), we talk to an expert on getting RV loans and RV financing. We’ll talk about what’s involved in getting new RV loans and how existing RV loans can be refinanced to save you big money. Plus, we have lots of RV news, tips, questions, and an off the beaten path report for you… all coming up in Episode 295 of the RV Podcast. Click the play button below to hear this episode of the RV Podcast. The interview about RV Financing and RV loans is about 20:25 into the podcast. Here's the RV Podcast Show Notes for Episode #295, released on May 20, 2020 WHAT MIKE AND JENNIFER ARE UP TO THIS WEEK There’s lots of news this week about the different parts of the country opening up. Many states are now well into phased reopenings, with non-essential travel being allowed again and state and national parks and campgrounds once again being opened. One piece of bad news, though, has to do with RV travel to and from the US and Canada. The border remains closed. Officials announced yesterday that it will stay shut to all no essential travel at least until June 21. That is a long time. It’s been shut since March and a lot of RVers on both sides of the border are naturally very disappointed. Down here along the panhandle of Florida, the area known as the Emerald Coast because of the blue-green color of the water, things are very close to the normal we had back in early March. Most businesses are open, limited to 50% of their capacity. And while social distancing is the new norm, people are acting responsibly. The private RV parks are open. Hotels are open and busy and short-term rentals of condos for vacations are once again allowed We plan to stay down here for another few weeks. And yes, we will continue our Friday night virtual campfire and Happy Hour at 7 PM Friday nights on our RV Lifestyle YouTube Channel. These are in addition to our Sunday night Ask Us Anything live streams as well. RV LIFESTYLE NEWS OF THE WEEK KOA campgrounds see reservations rise and expect the trend to continue Interesting story out of Forbes last week with Kampgrounds of America. The network of privately owned campgrounds in the United States and Canada reports that bookings started to outpace cancellations in mid-April so much that today reservations for July and August are only 15 percent below last year's numbers. KOA conducted its own research and found 4 in 10 campers are still planning to take their planned trips this summer, and leisure travelers who camp, and had plans canceled, are planning to replace original plans with a camping trip.As crowds soon return to national parks, rangers concerned about the impact on wildlife Rangers preparing to reopen parts of the national parks are expressing concern about the safety of wildlife when people return. Animals throughout the national park system have relaxed as people have vanished, venturing into places they wouldn't normally dare go. At Joshua Tree National Park a ranger discovered an endangered tortoise sunning himself in the middle of what is normally the park's busiest road. Yellowstone's elk - which can get quite testy after their babies are born - are able to not worry about people getting too close. And at Yosemite, bear have been spotted in meadows near California’s Yosemite Valley Visitor Center - not to mention the many parks spotting coyotes and other animals in their parking lots. Americans expected to stay home for kick-off of summer, AAA not issuing travel report This Friday is Memorial Day weekend, what many consider the official kick-off for summer. But for the first time in 20 years, AAA will not be issuing a travel report. Why? Too many states still have travel restrictions because of COVID-19, making it difficult to get an accurate estimate. But the amount of travelers is expected to be low. Last year 43 million Americans traveled for Memorial Day Weekend – the second-highest amount since AAA began tracking holiday travel volumes in 2000. What a difference a year makes. Some national parks, some state campgrounds begin to open Yellowstone National Park has opened its Wyoming entrance today for day use. Colorado state parks campgrounds are now open and operating at 50 percent capacity. West Virginia state park campgrounds are open to state residents only and this Thursday, May 21, camping will open again in Virginia state parks. Every state is different. Many have restrictions. As always, if you are out (or thinking of heading out), be sure to check first. Campendium is keeping daily updates and you can access by clicking here. Heading out for a hike? Remember