If you would you like to begin your new RV purchase by becoming pre-approved, and/or a member of our sales team is working with you, CLICK HERE to Start your Secure Online Financing Application.
*Our financing specialists at Hilltop RV Superstore work for YOU! And we work with 21 lenders, both locally and nationally, to secure RV financing for you - with terms to fit your personal budget! However, it is the lenders, not Hilltop RV Superstore personnel, who are ultimately responsible for the final determinations that are made regarding financing approvals, rates, length of loans, and monthly payment amounts. The Sales Team and Business Managers at Hilltop RV Superstore are happy to answer any questions you may have regarding your RV financing options. The following information may also be insightful. Have RV Financing questions? Please Contact Us.Why Finance Your RV Through Hilltop RV Superstore?
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 essentially, to qualify for 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 Our RV Lending Specialists?
Down payments are lower; although *final terms are based on your credit profile, 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!
Information provided by GoRVing.com