RV Financing on New and Used RVs
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.
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 RV finance specialists know that RVs maintain their value and resale appeal, they tend to offer more attractive terms. In fact, it's not uncommon to find 15-20 year repayment schedules to help you afford 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 into 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!
RV Appearance Protection
Resist All - PROTECT YOUR RV
ResistAll is the industry leader in professionally applied RV APPEARANCE PROTECTION products. ResistAll products seal and protect the exterior of your RV with their Beautiseal paint sealant system. Features of this product include sealing and protecting paint from things such as weather induced fading, loss of gloss, oxidation, bird droppings, tree sap, and water etching. Benefits of the paint sealant include no waxing required and ease of cleaning. This protection also extends the life of the interior of your camper by protecting the carpeting and upholstery. If your RV has leather interior keep it looking new with ResistAll’s leather sealant which creates a barrier against stains, protects against premature aging, and helps retain your leathers natural softness.ResistAll is so confident in their products that it's backed with a 5 year warranty. On your next RV purchase remember to have the ResistAll appearance package to keep your camper looking new.
CLICK HERE to view the brochure.
Extended RV Service Contracts
XtraRide - EXTENDED SERVICE AGREEMENT
Add worry free travel to your RV purchase by adding an EXTENDED SERVICE AGREEMENT by Protective XtraRide. Also an industry leader, XtraRide will extend the length of coverage beyond the manufactures warranty. The XtraRide Service Agreement Program will provide exceptional service and efficient claims handling. You can also increase the resale value on your RV since the agreement is easily transferable. Other benefits include Platinum coverage, 24 hour technical assistance and road service, towing, service calls, travel expenses, and good in USA and Canada. Deductible options range $50 - $500. ExtraRide is the only service contract Endorsed by the RVDA since 1992. Optional Tire and Wheel Program - provides coverage for the unexpected cost caused by road hazards such as potholes, nails. jagged metals, etc. All benefits are extended to the tow vehicle as well. The following items are covered if caused by a road hazard; flat tire repair, tire replacement, wheel or rim repair or replacement , mounting and balancing, valve stems, and taxes. Get aXtraRide quote today!
CLICK HERE to view an example of a TOWABLE Contract
CLICK HERE to view an example of a MOTORIZED Contract