RV Financing in California, Arizona, and Idaho
Apply for Credit at: Nampa, ID Apply for Credit at: Coeur D'Alene, ID
Apply for Credit at: Hayden, ID Apply for Credit at: Mesa, AZ
You're Safe with us.
At Bobby Combs RV Center we are well aware of the growing concern regarding identity theft. That is why we take every precaution available to us to ensure that you and your family are protected from the dangers of identity theft. Our online financing application operates off a Safe, Secure, and Private Server which means that any and all of the information submitted on our application (such as your social security number) is shielded from the eyes of internet identity predators. Additionally, we run extensive identity theft counter measures during our purchasing process to ensure that your identity has not been used in any way, shape, or form without your knowledge. It's just another way that Bobby Combs RV Centers works to serve you and your family from the moment you contact our associates or step onto our RV dealerships in El Cajon, California or Mesa, Arizona or Coeur D'Alene, Idaho to the moment that you take ownership of your purchase.
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% to 20% 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 12-15-20 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!