What We Offer?
We work with multiple RV financing lenders across the nation to offer you the most flexible and competitive RV loan options. A lot of times, RV financing is often a better option than paying cash. In many cases, your RV loan interest may even be tax-deductible as a second-home mortgage interest as well. We offer interest rates as low as 5.99%* and even RV loans as long as 20 years*. We can even get you an RV loan on the same day! Let our RV financing experts help secure your RV loan today!
Why Finance Your RV?
When you finance your RV 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. 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 Advantages?
Down payments are lower. Although final terms are determined based on your credit, the RV year, RV type, and the cost of the RV being purchased, financing through RV lenders usually requires down payments as low as 10% in some cases.
Finance terms are longer. Meaning your monthly payments are lower! Because RV finance specialists know that RV's maintain their value and resale appeal, they tend to offer more attractive terms. In fact, it’s not uncommon to find a 10 year or 20 year RV loan to help you afford the RV of your dreams!
Is An RV Loan Tax Deductible?
Yes, in many cases the interest on your RV loan is tax-deductible. Other elements of your RV expenses, such as sales tax on the original purchase price, may also qualify. We recommend you speak to your tax advisor for further details.
What Are Typical RV Loan Terms?
RV loans typically last anywhere from a range of 3 years to 20 years, and that depends on the loan type. Your exact RV financing terms will vary based on whether your loan is secured or unsecured, your down payment, your credit score, and the total cost of the RV you’re purchasing.
What Are Typical Interest Rates For RV Loans?
Similar to auto loans, your RV loan interest rate will vary depending on several factors. Your credit score and financing terms can influence your interest rate as well.