Albuquerque RV Dealer

RV Financing Albuquerque

Why Finance Your RV? 

When you finance your purchase instead of liquidating assets or paying cash, you maintain your personal financial flexibility. Additionally, your RV may qualify for some of the same tax benefits as a second home mortgage. We strongly advise you to check with your tax advisor, however, the basic requirements in order to qualify for these benefits, such as the deductibility of interest on the loan, are that the RV must be used as security for a 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 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.

Frequently Asked Questions

Yes, as a second home. See your tax professional for specifics.
No, they are “simple interest” loans with NO pre-payment penalties.
The answer is YES. You can also pay ZERO interest for 12-18 months and finance it separate from your RV loan.
In most cases cash down or trade equity will make qualifying for a loan easier. We do however have some lenders that will consider loans with no money down.
The answer is yes you can, but consider that the coverage may not be as good as what RV insurance gives you. See our finance department for a free quote.