Welcome to Affinity RV Financing!

Benefits of Financing 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 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.

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 and 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.

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.

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! Come in today and talk to Lisa Maehren, Finance Manager, to find out how to start your next

vacation today!