MTB Recreational Finance

RV Rate Calculator

Input deal information to generate base and buy rate. Starred fields are mandatory

Rate Sheet is as of August 1st, 2019
FICO Bucket*
Invoice Amount*
Current M&T Customer?
Down Payment
Term Length*
Trade In Allowance
SPOT Deal?
Trade In Payoff
Rate Special?
Unit Sales Price incl. TTL*
Model Year*
Total Financed (+BE)*

Rate & Adjustment Calculations

LTV Bucket:
Base Rate:
Backend %:
Rate Adj.
Adds/Deducts:
Rationale
Customer Discount:
Term Adjustment:
Age Adjustment:
SPOT Adjustment:
Rate Special Adjustment:
Buy Rate:

RV Rate Sheet

Select Your Customer's FICO Range

  • Pricing Based on Bureaus: Trans Union / Experian / Equifax determined by customer's zip code.
  • SCORES ARE DETERMINED USING FICO 08 MODEL
  • Pricing Based on Bureaus: Highest score determines pricing on loans approved with multiple signers.
  • M&T Does Not Finance: Utility Trailers, Truck Campers & Park Models. No campsites or mobile home parks
Term Adjustments
For Net Invoices $25,000-$49,999
  • 0.25% Discount for Terms up to 120 months
  • 0.50% Discount for Terms up to 72 months
  • 204 Months Available with 0.25% Increase in Rate!
For Net Invoices Above $50,000

0.25% Discount for Terms up to 180 months

Customer Adjustments
  • Hit The Road Instant Approval Program: Deduct 0.25%
  • M&T Current Customer Relationship: Deduct 0.25%
Age of Unit Adjustments
  • For 2014 to 2017 models: Add 0.25%
  • For 2010 to 2013 models: Add 0.50%
  • For 2009 & Older models: Add 1.00%

Valuation

2018 & older model year units are now valued under "USED" guideline

New Valuation & Advance Guidelines Used Valuation & Advance Guidelines
Amount Financed Base Valuation Advance Guidelines Down Payment Required Base Valuation Advance Guidelines Down Payment Required
Over $150,000 Invoice 100% 15% NADA Used Wholesale 100% 15%
$100,000 to $149,999 Invoice 110% 15% NADA Used Wholesale 110% 15%
$0 to $99,999 Invoice 120% 10% (> $50,000) NADA Used Wholesale 120% 10% (> $50,000)

Units sold below Invoice or NADA Value will utilize Sale Price for Base Valuation

Manufacturer Discounts
For Loans Under $50,000

Discounts may be added to net invoice, including freight charges.

For Loans Above $50,000

Discounts up to 10% of net invoice may be added to net invoice, including freight charges.

Accessory Adds

Used units are capped at 20% of the base value. This does not impact back end fee limitations.

Backend
Warranty
  • Up to $3,000 or 10% of valuation, whichever is greater, with a limit of $10,000
  • Warranty advance in excess of the above amounts require prior approval.
GAP Advance

Maximum GAP advance is $1,500 / $140 (NY). GAP not eligible on units with under 70% Front-end LTV

Maximum Backend

Advance capped at 15% of valuation (Includes GAP / Warranty / Insurance - Warranty Advance Guidelines Above Still Apply).

Contact Information

Credit Hours Group Phone Number Fax Number Email
Mon/Tues/Thurs 8:00 AM to 9:00 PM Hit the Road / SPOT Funding 800-724-6450 Opt. 2 SpotProgramOnly@mtb.com
Wed 8:00 AM to 7:00 PM Standard Dealer Funding 800-724-6450 Opt. 2 DealerFunding@mtb.com
Friday 8:00 AM to 6:00 PM Dealer Service & Inquiries 800-724-6450 Opt. 2 716-848-7793
Saturday 8:00 AM to 5:00 PM Credit 800-724-6450 Opt. 1 800-724-3131 IndirectCredit@mtb.com