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RV Financing

RV & Boat Financing on Credit in Pocatello near Idaho Falls, ID


Contact Wayne Elison our Finance Manager for Professional Financing Assistance at 208-238-5857.

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At Park-A-Way RV and Marine we strive to make sure purchasing your new RV or Boat is as easy and convenient as possible. We have relationships with major National Lenders as well as local Credit Unions. Because of the volume of loans we send to these Lenders we are normally able to get better terms and rates for our Customers than they may be able to get going directly to the Lender. We are committed to finding you the perfect loan for your finance needs. When financing through our Finance Department you will have the convenience of one stop shopping, the loan documents can be printed and signed at the same time as the required closing and state titling documents.

Why Finance Your RV here at Park-A-Way RV & Marine?

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 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 10, 12, 15 or 20 year repayment schedules to help 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 or Boat before you know it!