How Bi-Weekly Payments Are Calculated at Keith’s Trailer Sales
At Keith’s Trailer Sales, our bi-weekly payment estimates are based on the lowest advertised price of the RV (whether it’s the web price, sale/special price, or clearance price), plus 13% Harmonized Sales Tax (HST). This total amount is considered the amount financed.
All payments are calculated assuming $0 down payment, using a fixed interest rate that varies based on the amount financed (see APR below).
The term and amortization period are determined by the model year of the RV (see Term & Amortization below).
Annual Percentage Rate (APR)
Financing rates depend on factors like the amount financed, model year, and credit rating. The minimum financing amount is $7,500 (including HST).
On our website, the APR is the bolded percentage in financing offers, such as:
$0 down @ 8.99% APR for 60/240 months OAC
Current Rates for Bi-Weekly Payment Estimates
- $7,500 – $12,499.99 → 10.84%
- $12,500 – $24,999.99 → 10.34%
- $25,000 – $49,999.99 → 9.34%
- $50,000 – $79,999.99 → 8.99%
- $80,000 & above → 8.49%
These rates are used for estimated bi-weekly payments displayed on our website and are for illustration purposes only. We strive to keep them updated, but they are not guaranteed. You may qualify for lower rates—apply for pre-approval online to explore your options!
Loan Terms & Amortization at Keith’s Trailer Sales
Loan Term (Fixed-Rate Period)
A 60-month fixed-rate term is used for financing RVs up to 15 years old. For RVs older than 15 years, the term is reduced by 12 months per additional year of age.
Example from our website:
$0 down @ 7.84% APR for 60/240 months OAC
Loan Term Guidelines:
- 0 to 15 Years Old → 60-month term
- 16 Years Old → 48-month term
- 17 Years Old → 36-month term
- 18 Years Old → 24-month term
- 19 Years Old → 12-month term
- 20+ Years Old → Not eligible for financing
Amortization Period
The maximum amortization period is based on the model year of the RV. It starts at 20 years for new models and decreases by one year for every model year older than the current year.
Example from our website:
$0 down @ 7.84% APR for 60/240 months OAC
| Model Year | Term (Months) | Amortization (Months) |
|---|---|---|
| 2025/2026 | 60 | 240 |
| 2023 | 60 | 228 |
| 2022 | 60 | 216 |
| 2021 | 60 | 204 |
| 2020 | 60 | 192 |
| 2019 | 60 | 180 |
| 2018 | 60 | 168 |
| 2017 | 60 | 156 |
| 2016 | 60 | 144 |
| 2015 | 60 | 132 |
| 2014 | 60 | 120 |
| 2013 | 60 | 108 |
| 2012 | 60 | 96 |
| 2011 | 60 | 84 |
| 2010 | 60 | 72 |
| 2009 | 60 | 60 |
| 2008 | 48 | 48 |
| 2007 | 36 | 36 |
| 2006 | 24 | 24 |
| 2005 | 12 | 12 |
Minimum Bi-Weekly Payments
If a bi-weekly payment is calculated below $48, the amortization period will be reduced by one year at a time until the payment meets or exceeds $48.
Important Notes
- Rates on O.A.C. (On Approved Credit) are subject to change without notice.
- Bi-weekly payments shown on our website do not include applicable bank or licensing fees.
Example Bi-Weekly Payment
For a current model year RV financed at 5.99% APR, with a 5-year term and 20-year amortization:
As displayed on our website:
$0 down @ 5.99% APR for 60/240 months OAC
| RV Price | $30,000 |
| + HST (13%) | $3,900 |
| Subtotal | $33,900 |
| Down Payment | $0 |
| Finance Amount | $33,900 |
| Bi-Weekly Payment | $112 |
| Principal Balance Remaining After 5 Years | $28,825 |
| Total Cost of Borrowing | $9,430 |
The figures above assume minimum payments are made throughout the initial 5-year term.
Note: The principal balance and cost of borrowing assume minimum payments for the first 5-year term.
Additional Costs:
- Bank registration fees ($65–$200) are not included in the payment calculation.
- Loan Acquisition fee $599.
Why Finance with Keith’s Trailer Sales?
- All loans are OAC and come with a 5-year fixed-rate term.
- No penalties for early repayment—you can pay down or fully pay off your loan anytime, reducing your interest costs!
- Our financing rates are competitive and tailored to RV buyers.
- You may qualify for even lower rates—apply for pre-approval online today!
At Keith’s Trailer Sales, we’re here to help you finance your dream RV with flexible terms, competitive rates, and an easy approval process!