Secure Online Financing Made Easy!
CLICK HERE to Submit a Secure Online Financing Application
Paul Sherry RVs works with a number of banks including national banks, local credit unions, and some banks that work exclusively with RV and Travel Trailer loans. We can get you approved at the best rates available. All you have to do is fill out the form above, and our finance manager will take care of the rest.
Q: What happens after I fill out the Online Financing Application?
A: The application gets sent to our finance manager. Before doing anything, we always get a hold of the customer to find out exactly what he or she would like to accomplish. From there, the process depends on what the customer's goals are. Nothing will be done without the customer's permission.
Q: How do I know my information is safe?
A: As stated in our privacy policy, the information that you give us by filling out the form is only shared with the banks we work with. We DO NOT SHARE OR SELL your information to any third parties, and you WILL NOT be put on any mailing or spam lists. We also keep all private information locked up in accordance with state law.
The following article is provided from GoRVing.com:
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.
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 15-20 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 before you know it!







