Thank you for choosing Southaven RV Center, Inc. for your RV financing needs. With our two locations and many different financing options we are sure that we can assist you in finding a finance plan that best suits your needs. We'd appreciate the opportunity to help you get on the road to your next adventure so give us a call at either of the locations.
SOUTHAVEN AT PEPPERCHASE
5485 PEPPERCHASE DRIVE
SOUTHAVEN, MS 38671
PHONE (888)902-9948
FAX(662)393-6986
Insurance
RV
America Insurance is your one-stop location for recreational vehicle
insurance. Many top-rated RV insurance carriers have been researched and
we will find you the best combination of coverage and price.
Well-informed agents can provide the quality advice and help you expect
from an insurance company. RV America has provided the lowest rates for
specialized RV and motorhome insurance for more than two decades
We
work hard to find you the best rate and coverage for your travel
trailer, and motorhome insurance needs. You will find lower premiums and
better coverage than other insurance providers. Your policy may include
Total Loss Replacement, Emergency Expense Coverage, Unlimited Towing
and Roadside Assistance, and more. Every policy comes with specialized
RV coverage.
Tips on Financing your RV
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%
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.
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!
Information provided by GoRVing.com
