RV Financing for All Types of Credit In Pennsylvania

Shady Maple RV understands that affordable RV financing is an important factor in the RV buying process. We offer a range of competitive RV loans & motorhome financing as well as extended service contracts to protect your RV purchase, allowing you years of worry free enjoyment. Allow our finance professionals to answer any questions you may have about financing a new camper or used RV.

Extended Lending & Warranties Available

Why Finance An RV? Financing your RV instead of paying cash or liquidating assets allows you to maintain your financial flexibility. With the exception of toy haulers many times the interest on an RV loan is deductible for Federal and Select State income tax purposes. For more information see IRS Code Section 280A (f)(l) or IRS Publication 936, "Home Mortgage Interest Deduction." consult your accountant for clarification.

Why Buy An Extended Warranty for new fifth wheels, travel trailers or expandables? 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 be self-contained 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:

  1. Credit Rating - Excellent credit may lower the rate
  2. Down Payment - Lenders usually require 10% down
  3. Balance of Loan - A higher balance may lower the rate
  4. Term of Loan - Longer terms may lower the rate

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!

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