Camp-Site RV Finance Page

Here at Camp-Site RV we are RV and relaxation enthusiasts and there isn’t anything we enjoy more than helping you find both of those. If you’re considering financing your next RV (70% of RV buyers do), you’re in good hands with our finance department. We work tirelessly to get you into the RV you’ve chosen, and on the road, as soon as possible chasing that next adventure. We work with several lenders to get you the most competitive and flexible finance options available. At Camp-Site RV our family treats you like family, our finance staff is here to make your buying experience smooth and easy, so come on in and see us!

We will also share with you some of the exciting ways that you can protect your trailer and the future trips that you don’t even have planned yet.

Contact Mark Cunningham in our Finance department to see how we can help make your RV dream become a reality!  

FAQs

 

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!

Information provided by GoRVing.com