RV Financing for All Types of Credit In Pennsylvania
Extended Lending & Warranties Available
Check Out These Videos
- GAP, Guaranteed Asset Protection, this product is used in the event of a total loss and pays the difference between Ins. Value VS. Loan balance.
- VSC, Vehicle Service Contract. Protect yourself from costly repairs in the USA and Canada.
- Driver Care, Don’t let a flat tire and bent wheel set you back.
Why Buy An Extended Warranty for new or used RV? We put all our RV's through a vigorous inspection however they will not last forever, when buying an RV, there's always a chance of having mechanical failure. Why not have the peace of mind that for years to come most problems can be taken care of with an extended warranty service agreement. Talk to our sales team about RV financing, motorhome financing, RV loans or purchasing an extended warranty today.
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Is it possible to "write off" the interest on my income taxes?
Yes! The government requires that the RV have cooking, bathing and sleeping abilities and you are not currently deducting interest on a second home. Please consult with your tax preparer for verification.
What would my interest rate be? Interest rates depend on the following factors:
- Credit Rating - Excellent credit may lower the rate
- Down Payment - Lenders usually require 10% down
- Balance of Loan - A higher balance may lower the rate
- Term of Loan - Longer terms may lower the rate
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.