Why Finance Your RV?
When you finance your purchase instead of liquidating assets or paying cash, you maintain your financial flexibility. Plus, your RV may qualify for some of the same tax benefits as a second home mortgage. Of course, check with your tax advisor, but basically to qualify for these benefits, such as the deductabilty of interest on the loan, the RV must be used as security for the loan along with providing basic living accomodations such as a sleeping area, bathroom, and cooking facilities. Remember the RV is considered a qualified second residence as long as you designate it for each tax year.
What are the advantages of financing through our RV lending specialists?
Lower Down Payments - Although final terms are determined based on your credit profile and the age, type and cost of the RV being purchased, financing through our RV lenders usually require down payments of as little as 10%.
Finance Terms are Longer/Monthly Payments are Lower - Because our RV specialists know the industry, it's not uncommon to find 15-20 year repayment schedules to help you afford the RV of your dreams. Longer repayment schedules mean lower managable monthly payments.
THE BOTTOM LINE ON RV FINANCING
Your RV might actually cost you less in the end if you finance your purchase. By not tapping your financial assets to purchase the RV, you can take advantage of attractive new investment opportunities that might come along, and the earnings from those investments can potentially exceed the cost of your RV financing. The bottom line is that if you are thinking of buying an RV, you should check financing options to maximize your purchase enjoyment. You'll be on the road enjoying your new RV before you know it!
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