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Where You Want To Be

We know how important your free time is to you. Whether you use it to relax, to travel, or to chase your passion, a recreation vehicle makes the journey a lot more fun. You know where you want to go. It’s our job to get your there.

Designed With You In Mind

Choosing the right type of loan

We have specific consumer loans designed for autos, recreational vehicles, life events, continued education, debt consolidation, home remodels, VISA credit cards and much more. The length/term of the loan, interest rate, and repayment options can differ for each of these loan types and can be customized to fit your need.

Repayment Options

It is important you are comfortable with your payment. Payroll deductions and autopay are convenient and customizable features, which allow you to format your loan repayment plan to fit. Scheduling around pay days or when other payments are due can significantly affect your monthly cash flow. Determining the frequency of your payments can also be beneficial. Monthly, bi-monthly, or weekly payments give you choices to best suite your situation.

Additional Loan Features

Taking a step beyond the loan, we offer payment protection plans in the event you are unable to make your payments, auto warranty plans to help with expenses related to repairs, and financial counseling services to advise with debt management. Aiding with the processing of vehicle titles and insurance coverage are also benefits designed to support you and the success of your new loan.

APR* AS LOW AS

5.59%

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Rec LOAN RATES

5.59%-16.11% APR*

* annual percentage rate • Rates are subject to change without notice.

APR is determined by credit score using a tiered pricing program to allow as many members as possible to obtain financing. 
APR example using $25,000 borrowed.

View Current Rates

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hit the road

The best way to visit the lot is with a pre-approval amount in hand. Find out your buying power - get pre-qualified for a recreational vehicle loan from Dakotaland.

Apply for a Rec Loan Today

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new vehicle?

Did you just purchase a new recreational vehicle? Get your vehicle loan checklist below.

Download Vehicle Checklist

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For Sale By Owner

Shopping for a 'new to you' rec vehicle? Don't forget to check out our list of locally owned, for sale by owner line-up.  Your best deal might be just a click away.

Start Browsing

Calculate your Recreational vehicle loan

Use this calculator to determine what your monthly payment will look like

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Optional Protection Services

When defense is the best offense, Daktoaland has the resources to minimize losses when life throws you a curveball. Our warranty and insurance products provide you with the protection you need against potential problems and helps create a more stable outcome when faced with unexpected expenses.

Campers

Campers | Travel Trailers

Family fun doesn't get any better than this! Go camping and experience the great outdoors, while creating some lasting memories with the noses and toes that mean the most to you.

Apply Now

BoatsTrailers

Boats & Trailers

When the water calls your name, it's time to get out of your daily routine and hit reset. Fishing, water skiing or just a putt around the lake will put you in that perfect state of mind.

Apply Now

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Motorcycles

Riding the open road is a combination of exhilaration, fear, relaxation and pleasure that changes you forever. Join the world of two wheels so you can make plans to get lost and find yourself.

Apply Now

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Golf Carts

Whether it’s rough or you are on the fringe, a good partner, a little sunshine and one more trip around the course makes for a great day on the green.

Apply Now

ATV

ATVs

When your road is no road at all, let mother nature show you the way. For work or play, it's game on with some off-road action. No signs, no limits, just a desire to go anywhere your heart wants to take you.

Apply Now

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Horse Trailers

Checking cattle in the far pasture or headed out for a four-day competition, you and your horses need a trailer designed for what's over the next hill.

 
Snowmobiles

Boats | Trailers

You and your sled cut a track in fresh snow and now you are hooked. It's a winter wonderland to open meadows or mountain passes when you are passionate about pursuing the powder.

Apply Now

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Motorhomes

No hotels or pet deposits, just you and Buddy the dog, traveling the country and seeing the sights. Your destination can be planned or better yet, roll the dice and pick whatever way the wind blows.

Apply Now

Watercraft

Watercrafts

If a need for speed and water as smooth as glass gets your heart pumping, we know what you need. A jet ski or wave runner speaks your language and your summer is about to get a whole lot wetter.

Apply Now

 

meet our consumer lending team

let our local staff help you drive away in style

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Alex Vogel

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Brittany Pettigrew

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Cheryl Sivertsen

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Dane Dornbusch

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Helen Johnson

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Katie McCaskill

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Alex Anderson

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Suzie Sinclair

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Jodi Hanson

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Josh Snyder

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Natasha Melton

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Tawni Fuerst

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Brionna Fods

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Erica Clements

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Cassie Munsen

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Mike Kluth

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Barb Baus

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Macy Stover

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Dane Dornbusch

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Kevin Miller

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Angie Hunke

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Chad Stricherz

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Sam Mooney

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Cheyann Johnson

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Lisa Snedeker

recreational vehicle loan blog articles

Trailer Safety—Travel Smart, Tow Safe

Trailer Safety—Travel Smart, Tow Safe

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Tow Where You Go: An Inside Look at Trailers

Tow Where You Go: An Inside Look at Trailers

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Stricherz and Dakotaland Together Renew Commitment to Watertown

Stricherz and Dakotaland Together Renew Commitment to Watertown

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FREQUENTLY ASKED QUESTION

You have questions, we have answers

Getting pre-approved for a loan is a smart step before you start to shop. To be pre-approved means your credit union has reviewed your financial information and offered you a specific loan amount and terms. Knowing how much you can borrow and on what terms allows you to shop for a rec vehicle with a clear budget in mind.

To apply for a loan, you’ll need proof of your identity, address and income, details about your other debts, and information about the recreational vehicle you want to buy. Your credit union will also ask for access to your credit report.

The credit union will need to check your credit history to assess the risk of lending you money. To avoid pulling your credit multiple times and affecting your credit, your credit union will run your credit report at the time you formally apply for a loan, which will only temporarily lower your score.

The effect on your credit score is usually minor and should disappear in a few months. If you want to apply for more than one loan, doing so within a short time is a good idea. Inquiries falling within a two-week window are generally considered as a single inquiry. 


The interest rate on your loan is the total cost of borrowing money in your recreational vehicle loan, expressed as a percentage of your original loan amount.  Your APR, or Annual Percentage Rate, includes both the interest rate plus any extra fees or costs, like origination fees or loan processing fees that might be rolled into the loan. Your APR gives you a better idea of the total cost of the loan.


Most recreational vehicle loans fall between 36-72 months (3-6 years). While choosing a shorter loan term will let you save on interest payments, longer terms will mean lower monthly loan payments. Remember, however, that your rec vehicle will lose value even as you pay off your loan. Very long loans risk having you owe more on your vehicle than it is worth.


The 50/30/20 rule is a budgeting rule that suggests you spend 50% of your income on needs, 30% on your wants, and 20% on savings and debt repayment. For recreational vehicle loans, this means your vehicle payment should fit comfortably within your 20% savings and debt repayment budget.


Making larger payments to pay off your loan early is possible and will save you a lot on interest charges. Your credit union does not charge a prepayment penalty, but some financial institutions do so to make up for the lost income from your loan. Check your agreement carefully before signing.


Common additional charges include loan application, origination and documentation fees. Some loans also have title and registration fees. Your lender might also require credit insurance. These charges are often rolled into the overall cost of your loan. Be sure to ask your credit union for a complete list of charges on your loan.


Depending upon your credit score your credit union may require a down payment. This shows a commitment on your part to owning your recreational vehicle and paying down your loan. A larger down payment will also lower your interest rate or shorten your loan term.


Some credit unions offer 100% loan financing, which means they cover the entire cost of the car with no down payment required. While this can make it easier to purchase a car, some credit unions may charge a higher rate to cover the increased loan amount and risk of default.

GAP or Guaranteed Asset Protection insurance covers the difference between what you may still owe on the car and what the insurance company will cover if it’s totaled in an accident or stolen. It’s particularly useful if you owe more on your loan than the recreational vehicle is worth.

Yes, you can sell your recreational vehicle at any time, but you must still pay off the remaining loan balance. You can generally use your sale proceeds to pay off your loan or roll the balance into a new loan if you’re buying another rec vehicle.

An upside-down loan means you owe more on the loan than the recreational vehicle is worth. This can happen later in the loan term if the rec vehicle depreciates faster than you repay what you owe. This can be a serious situation if you need to sell the vehicle or it is totaled in an accident, as you will receive less back from a buyer or insurance than you still owe on your loan.

Yes, you can refinance your recreational vehicle loan to lower your interest rate. This makes sense if your credit score has improved, or interest rates have dropped. You can choose whether to lower your interest rate or reduce your monthly payment. Be sure, however, that the cost of refinancing your loan does not offset the savings you hope to make.

After you pay off your loan, the credit union will release the lien on your recreational vehicle. You’ll receive the title, and the vehicle is fully yours without any further payments. You can choose to sell your rec vehicle or to keep driving to get the most value out of your vehicle. 

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Auto Loans

Freedom is born on the road and getting you where you plan to be is our priority. Our best rates and remarkable service will put you on the move.  

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Home Loans

Home is where your heart comes to rest, and nothing feels more like home than a stress-free experience. That is why it is our mission to take you on your best home buying adventure. 

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Life Event Loans

So many reasons to celebrate life and we want to make sure you don’t miss a thing. A wedding, a graduation, a new baby, or a trip of a lifetime, we can help.

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Contact Us

Have more questions regarding rec loans or our additional warranty options? Let us know!