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Now Is a Great Time to Buy
 It’s a buyer's market and a great time to invest in an RV for years of vacation savings. Now is the time to see your RV dealer!
Consumer financing is readily available for qualified borrowers looking to purchase a vehicle to fit their needs at a price to fit their budget. Most dealers offer in-house financing through one or more national lenders or with local banks, finance companies and credit unions. Their in-depth knowledge will make the process go that much smoother.
Depending on the type and price of the model, RV loans typically vary in length from five to 20 years with a down payment of 10%. On average, RV loans were paid off in three to four years, according to the 2009 Survey of Lenders' Experiences, an annual nationwide suvey conducted by RVIA of finanical institutions concerning their RV lender portfolios.
You May Qualify for Tax Deduction
For the vast majority of RV buyers, the interest on their loan is deductible as second home mortgage interest. To qualify, owners must not already have a second home mortgage. Also, the RV must be used as security for the loan and provide basic living accommodations such as sleeping area, bathroom and cooking facilities. Virtually all RV types – motorhomes, travel trailers, truck campers and even most folding camping trailers – are equipped with these accommodations and eligible for the tax savings benefits.
A Great Investment in Family Fun
Studies show that even factoring in the cost of RV ownership and fuel, families can save 27-61% on vacation costs by traveling by RV, so by investing in an RV today, your family can enjoy many years of quality vacation time together all while saving money generally spent airfare, hotels and restaurant meals. And the on-the-road adventures create priceless memories that will last a lifetime.
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!
Get the facts about Specialized RV Insurance
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