Our goal is to help you find the recreational vehicle of your dreams. In order to make buying a New RV simpler, once you click on a specific unit, use our loan calculator to find the payment that is right for you! Not only can we help you in buying that New or Used RV, we make it easier and more affordable to own an RV.
Did You Know...Interest on most RV loans is Tax Deductible!
For many RV buyers the interest on their RV loan is tax deductible. Your New RV may be considered as a second home mortgage, making your RV loan interest tax deductible. Although there are certain amenities that your motorhome must be equipped with in order to qualify as a second mortgage.
To have your RV meet the qualifications the RV must be seen as a second home, it must be usable as area that one could be fully sustained to be lived in as a home. First the RV must be used as security for the loan. It must meet all interior qualifications that include home like accommodations, although some RVs may not meet the interior qualifications some RVs are upgradeable to meet the qualifications.
Accommodations include a basic sleeping quarter or sleeping area inside the RV. It must also include a working toilet within the RV and certain cooking amenities. Many Travel Trailers, Fifth Wheels, Expandables, and Motorhomes come equipped with these accommodations but some Truck Campers, and Folding Campers would have to be equipped to qualify for the tax deduction.
If you are interested in hearing more about the tax deductions on your RV loan please Contact Us!
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