The Benefits of Financing an RV at Leisure Time

financing is easy at Leisure Time

Have you always wanted an RV or travel trailer, but are just not sure if you can afford it? Come see the experts at your Oklahoma City RV dealer and we’ll help you find the perfect camper and can offer you a range of financing options.

But why should you finance over saving up and paying cash or liquidating assets? That’s easy.

One thing many people are not aware of is that you can claim your new RV on your taxes. When you finance your new RV, you may be able to claim it as a second mortgage on your income taxes therefore reaping the tax benefits. Of course, you should always consult your tax advisor before claiming such an item. But the basic rule is simple. As long as it has a bathroom, bedroom and cooking area, you can claim it as a qualified second residence.

If you finance through an RV lending specialist, your down payments can generally be lower. There are other factors to consider that might determine payments such as your credit profile and the type, age, and cost of the travel trailer in question. Usually lenders only require around a 10% down payment. Finance terms can be longer, but payments are lower, which, in turn, will help you afford that dream RV you have always wanted.

Make sure you know what your credit looks like before going in to talk to the finance department. This can help take the guesswork out of what they might be able to offer financially. Of course, if you would prefer to just pay cash up front, you can eliminate the interest rates and the hassle of financing. But it helps build credit as well. So if your credit is less than spectacular you could benefit greatly from talking to a finance advisor to purchase your new camper.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>