RV Financing in Mesa, AZ
At Always RV, we are RV and Trailer enthusiasts, and there's nothing we enjoy more than helping our customers find the kind of fun and adventure that a quality RV can bring. If you're considering financing your new KZ RV, you're in good hands with our finance department. We are thrilled to get the opportunity to help you set up a financing plan that gets you out on the road as soon as possible.
We don't just finance RVs - you can also add parts and accessories, an extended service plan, and everything else you need to make sure your ownership experience is fun and rewarding, all for one simple monthly payment!
Our knowledgeable finance staff is here to make the process of purchasing your RV easy, so don't put off your dreams. Come in and talk to us today! You'll know you made the right choice when you're traveling the country in your new RV.
Apply Today
There's no reason to wait! To get a quote, apply now. Our staff will contact you about our available financing options.
Financing FAQ
Is Financing Available Through Always RV?
Yes! Even with some prior credit problems our lenders have competitive programs with excellent rates and terms to fit your budget.
Is it possible to "write off" the interest on my income taxes?
Yes! The government requires that the RV be self-contained and you are not currently deducting interest on a second home. Please consult with your tax preparer for verification.
What would my interest rate be? Interest rates depend on the following factors:
Credit Rating - Excellent credit may lower the rate
Down Payment - Lenders usually require 10% down
Balance of Loan - A higher balance may lower the rate
Term of Loan - Longer terms may lower the rate
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 deductability 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 an 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, with as little as ZERO down with good credit.
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!