Facts About Financing Your RV
Open Road Financial offers various financing options that fit your specific requirements.
Should You Finance Your RV?
The RV of your dreams might cost you less overall if you finance vs using other financial assets. By exploring other investment opportunities with your money you may be able to exceed the cost of your RV's monthly payment.
In addition, your RV may qualify for tax benefits as second home.*
To Qualify for this benefit:
- RV must be used as security
- Provide basic living accommodations (cooking, bath, bedroom)
Borrowing Against a Home You Own
The home mortgage interest deduction is valid only when the debt is used to purchase or improve a residence, or to refinance the remaining balance on a purchase or improvement.
Home Equity Loans
- Up to $100,000 – Limited to Interest Paid Only
- Over $100,000 – Limit the amount of interest that is deductible *
* Contact your tax advisor for specific information
Final terms are determined based on your credit profile, and the RV's age, type and cost. Everyone's financial situation is different, so we offer flexible financing options to assist our customers in finding a payment that fits within their budget.
Talk to one of our experienced loan specialists to determine how we can make the RV of your dreams an affordable reality.