Get the Facts About RV Financing
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 make that dream a reality? The answer: by financing your purchase with terms that make it affordable for your budget. Most dealers have already arranged on-the-spot financing through one or more major lenders and will work to make your purchase dream come true. Their in-depth knowledge will make the process go that much smoother.
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 or 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 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 an RV lending specialist?
Although final terms are determined based on your credit profile and the age, type, and cost of the RV being purchased, we at Highway Trailer Sales are RV financing specialists and can secure financing at very competitive rates and terms. This many times equates to #1, a lower down payment, and #2, better terms which means a lower monthly payment. All paper work being done in house makes your RV purchase a convenient and pleasurable experience. You’ll be on the road enjoying your new RV before you know it.
Please contact me, Doug Alfred, with all of your finance questions. I am happy to help.
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