There are many advantages in choosing to finance your new RV. These include:
Flexible Terms / Lower Payments: Most lenders offer longer terms with no pre-payment penalty. Loan terms for both new and used RVs range from 60 months to 20 years depending on the amount financed. You may choose to take a longer term, obtain a lower payment, and pay off the loan early with no interest penalty. Of course the final terms are determined based on your credit profile and the age, type and cost of the RV being purchased however we work with you and try to acquire a term that suits your family budget.
Flexible Down Payment: Most RV lenders like to see at least 10% however there may be occurrences where we can obtain a loan with $0 money down. Again, this will be determined by your credit profile and age, type and cost of RV being purchased.
Tax Deduction Benefits: Your financed RV may qualify for some of the same tax benefits as a second home mortgage. IRS Pub 936 says, "For you to take a home mortgage interest deduction, your debt must be secured by a qualified home. This means your main home or your second home. A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities”. IRS Pub 936, Qualified Home. To qualify buyers must not already have a second home mortgage and must designate their recreational vehicle as such. Naturally, you will want to discuss this with your tax advisor.
No Hot Shot: Many consumers may be apprehensive about initiating the finance process because they fear that their application will be faxed "hot shot” to all the dealer’s lenders. This is not the case at Keystone RV Center. We take the time to narrow down the best available lending options based on your consumer credit profile, and the age, type, and cost of the RV being purchased. We then check these options against our lender’s underwriting guidelines to see which lender may be the better fit. There may be times where you are an instant approval and will know your terms before you even leave the office. This limits the amount of queries on your credit profile.
If you're just getting started in the RV purchasing process, Get Pre-Qualified today to see if you're eligible for our RV financing. Farther along in the process? Apply For Financing to get your RV rolling closer to you!
You've searched and researched and you've found the RV of your dreams! Now the question is how can you afford to make that dream a reality? The answer: by financing your RV with terms that make it affordable for most every budget. We are here to answer any questions you may have regarding financing. Please do not hesitate to call.
15799 S. Young Road
Greencastle, PA 17225
Toll Free: 1 (877) 370-6410
Local: 1 (717) 200-4367
Fax: 1 (717) 597-0639
Mon - Fri: 8:00am - 6:00pm
RV Parts & Service
Mon - Fri: 8:00am - 6:00pm
Sat: 8:00am - 4:00pm