Is Financing an RV More Similar to Financing a Car or a House?
• RV financing is more similar to financing a house. • You can essentially consider RVs as homes on wheels. Is The Interest on My RV Loan Tax Deductible (like on a home)? Most likely – your RV may qualify for some of the same tax benefits as a second home mortgage. 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. Can I Get a Warranty on a Used RV? • We offer a full line of service contracts. • Contracts can be 1 to 7 years in length and can cover a wide range of services. • Service contracts are available up to 100,000 miles.
