There's no better time to buy an RV! You've searched and researched and you've found the RV of your dreams! Whether it's new or used, the question now is how can you afford to make that dream a reality? The answer: by financing your purchase with terms that make it affordable for most every budget.

One-Stop Finance Shopping

•When you make your decision on the right RV for your family, the next step must be making the decision on your financing options.  In many cases this means financing directly with the dealer.  Therefore "One-Stop" Finance shopping makes your purchase that more enjoyable.  Knowing that your financial situation is as important as the camper you purchase, you can know in a matter of minutes, instead of hours, or days of several financing options.  That is why we call them options....It's not a one size fits all budget.  When a dealer is equipped to "Pre-Approve" a customer, it makes your process that much smoother and enjoyable for your whole family.  Enjoyment is the reason for your purchase...right?  Make sure you enjoy it from the beginning all the way through to the camp ground.  

Why Finance Your RV?

• When you finance your purchase instead of liquidating assets or paying cash, you maintain your personal 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 deductibility of interest on the loan, the RV must be used as security for the loan along with providing basic living accommodations 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." 

* An RV with full facilities can qualify as a "dwelling unit" under the IRS code section 280A(f)(1). The U.S. tax court case of Haberkor v. Commissioner, 75 T.C. 259 (Nov. 12, 1980 filed) gives further guidance on the tax deductibility of RVs. Taxpayers my not claim the interest from more than two qualified homes on their tax returns. Ask your tax advisor for more information.

What are the advantages of financing through a RV lending specialist?

• Down payments are lower - Although final terms are determined based on your credit profile and the age, type and cost of the RV being purchased, financing through RV lenders usually requires down payments in the 10% range.

• Finance terms are longer / Monthly payments are lower - Because you purchase a RV to enjoy, you also want to enjoy a lower monthly payment.  Affording a payment can sometimes be difficult, however when you finance a RV for longer periods of time, your payment is also lower.  Financing term will vary depending on specifics, but know that there are options available to make your repayment schedule more appealing and affordable to help you obtain the RV of your dreams.

How does RV financing compare with other payment options?

• Borrowing against an owned home is not an option unless the money is used directly for that home. Home mortgage interest deduction is restricted to interest paid on mortgage debt used to purchase or improve a residence, or to refinance the remaining balance on a purchase or improvement. The purchase of an RV, therefore, does not qualify for this deduction. Home equity loans limit the amount of interest that is deductible if your RV loan balance exceeds $100,000. Home mortgage interest deduction is limited to interest paid on home equity loans up to $100,000.

The Last Word 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!