Why Finance Your RV here at Tarpley 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 lendersusually requires down payments in the 10% range.
Finance terms are longer & monthly payments are lower
Because RV finance specialists 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 tohelp 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
Both Pat and I would like to thank you for your kindness and consideration when ‘Fred’ broke down on our trip to Denver last month.
We chose to try and to trust Tarpley’s because of your excellent rating from the Good Sam Club and the recommendation we got at the RV Park. Our trust was rewarded with professionalism and honesty (two traits not as common as they should be in today’s world). Were it not for your timely help and your fairness, our trip might have changed from problematic to disastrous.
Thanks again and if you ever get a toothache in Sedona, we owe you one.
Pat and Joel Kantor
"We wish to thank the sales and service department at Tarpley RV. Our experience has been very positive and satisfying. We love our 28' Cougar 5th wheel. Happy trails!"
PT, Joan, Ginger and Puffy Wade
"I want to thank you for letting me finish my work study program with you. I have learned a lot and have had fun doing so. Especially, I liked working with the technicians. Tarpley RV is a wonderful place to work. Thank you so much for the opportunity."
We have enjoyed working with you throughout this transaction.
We also want to commend your service department. The day we were leaving, we found two small problems (a water leak and antenna) in the 5th wheel and Mike in the service department arranged for us to bring it in that day and the repairs were completed in less than two hours. We appreciated the service as he had originally said that the service department was booked two weeks out. As soon as we mentioned that we had just bought the 5th wheel in September from Tarpley, there was no hesitation to get us in and on our way the same day.
Please pass this letter onto the service department.
Betsy & Rick Hubbell
Gary and I want to thank you and everyone at Tarpley’s for the terrific was you have treated us during the sale and service (thanks George) of our Tioga. I’m sure we’ll be back again and again. Have a merry Christmas and Happy New Year.
Jane & Gary Hudson