Buy RVs Service & Parts Value Your RV Locations About Financing Department 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. ADVANTAGES 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 IT WORKS 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!. Questions? Get In Touch! LOCATION * Select a Location Cincinnati, OH Columbus, OH Dayton, OH Fort Wayne, IN Indianapolis, IN FIRST NAME * LAST NAME * EMAIL * PHONE * ZIP/POSTAL CODE * ADDITIONAL COMMENTS CINCINNATI, OH 3491 Struble Road Cincinnati, OH 45251 (513) 923-3600 Get Directions SALES HOURS Mon – Wed 9 AM – 7 PM Thurs – Sat 9 AM – 5 PM Sunday Closed PARTS HOURS Mon – Wed 9 AM – 7 PM Thurs – Sat 9 AM – 5 PM Sunday Closed SERVICE HOURS Mon – Fri 9 AM – 5 PM Saturday 9AM – 1 PM Sunday Closed COLUMBUS, OH 5742 East State Route 37 Delaware, OH 43015 (740) 548-4068 Get Directions SALES HOURS Mon – Wed 9 AM – 7 PM Thurs – Sat 9 AM – 5 PM Sunday Closed PARTS HOURS Mon – Wed 9 AM – 6 PM Thurs – Sat 9 AM – 5 PM Sunday Closed SERVICE HOURS Mon – Fri 9 AM – 5 PM Saturday 9AM – 1 PM Sunday Closed DAYTON, OH 1775 S. Dayton Lakeview Rd New Carlisle, OH 45344 (937)236-0200 Get Directions SALES HOURS Mon – Wed 9 AM – 7 PM Thurs – Sat 9 AM – 5 PM Sunday Closed PARTS HOURS Mon – Sat 9 AM – 5 PM Sunday Closed SERVICE HOURS Mon – Fri 9 AM – 5 PM Saturday 9 AM – 1 PM Sunday Closed INDIANAPOLIS, IN 5701 Elmwood Avenue Indianapolis, IN 46203 317-671-7564 Get Directions SALES HOURS Mon – Wed 9 AM – 7 PM Thurs – Sat 9 AM – 5 PM Sunday Closed PARTS HOURS Mon – Wed 9 AM – 7 PM Thurs – Sat 9 AM – 5 PM Sunday Closed SERVICE HOURS Mon & Wed 9 AM – 6 PM Tues & Thurs 9 AM – 5 PM Friday 9 AM – 5 PM Saturday 9AM – 1 PM Sunday Closed FORT WAYNE, IN 3360 Lincoln Way Rd, Columbia City, IN 46725 260-230-3318 Directions SALES HOURS Mon – Fri 8 AM – 7 PM Saturday 9 AM – 5 PM Sunday Closed PARTS HOURS Mon – Wed 9 AM – 6 PM Thur – Sat 9 AM – 5 PM Sunday Closed SERVICE HOURS Mon – Fri 8 AM – 5 PM Saturday 9 AM – 5 PM Sunday Closed STAY CONNECTED SUBSCRIBE TODAY! Email Subscribe Privacy Policy | Terms of Use We strive to ensure all pricing and information contained in this website is accurate. Despite our efforts, occasionally errors resulting from typos, inaccurate detail information or technical mistakes may occur. We are not responsible for any such errors and reserve the right to correct them at any time. Copyright © 2021 Colerain Family RV - You're always Family. Powered by |