Vogt RV Centers – Financing Department

Vogt RV Centers – Financing

Why Finance Your RV?

When you finance your purchase instead of liquidating assets or paying cash, you maintain your personal financial flexibility. Plus, your Airstream, Jayco, Leisure Travel Van, Tiffin Motorhomes, and more 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 mobile home 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 Airstream, CrossRoads, Cruiser, Jayco, Leisure Travel Van, Shasta and Tiffin 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 diesel pusher, class a gas, class b, class c, travel trailer, 5th wheels, tent camper and toy hauler, 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 Airstream, CrossRoads, Cruiser, Jayco, Leisure Travel Van, Shasta or Tiffin 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. If you’ve decided you want to finance your new RV, you’re not alone. Seventy percent of RV buyers finance their recreational vehicles. With a minimum down payment and approved credit, you can arrange financing with us and get out on the road a few hours after picking out your new or preowned diesel pusher, class a gas, class b, class c, travel trailer, 5th wheels, tent campers and toy hauler. Plus, you can add in all your parts and accessories, service agreements, RV Insurance and more. You’ll have everything you need, and you can accomplish all of this and keep it with one low monthly payment. And because here at Vogt RV Centers of Fort Worth, Texas, we finance more RVs than anyone else, we understand your special needs. Only someone who knows how you feel when you hit the road on your next vacation understands that getting your RV financed ASAP is your biggest concern. That’s why we make the process easy for you. Talk to our friendly finance staff about financing your Recreational Vehicle with Vogt RV Centers and get out on the road today.


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