Financing Your New RV

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It’s Not Just a Vehicle; It’s a Lifestyle

Financing your new RV starts with pre-qualification from Car Deal Expert. (Photo:

Financing your new RV starts with pre-qualification from Car Deal Expert. (Photo:

When you buy a motor home, you’re making an investment in a lifestyle change. Home is with you wherever you go, and the ability to roam the country without having to worry much about sleeping arrangements can be quite liberating. However, the financial investment required when financing your new RV is sizable. Thus, obtaining a new auto loan is somewhat more difficult. The credit score required for financing will be somewhat higher.

Pre-Qualify for Financing With Car Deal Expert First

Considering that an RV is typically a much larger investment than a standard automobile, you’ll want to make sure that you obtain the best interest rate on your RV loan that’s available. In just a few minutes, you can fill out Car Deal Expert’s application form and see if you pre-qualify for the best rate available to you based upon your financial situation. We have access to a network of lenders and can hunt for the best possible deal. If you leave the RV loan financing hunt in the hands of an RV dealer, odds are you’re going to pay thousands more in interest over the life of your loan. The dealer likely has a favorite lender they work with, and that lender scratches their back for all the business referrals.

Keep An Eye on Auto Loan Rates

Car Deal Expert strives to help you pre-qualify for the best rate available, but it certainly doesn’t hurt to do your homework before you go through with such a large purchase. Web sites like have up-to-date info on auto loan interest rates. By monitoring the prevailing trend in those rates, you can determine the optimal time in which to finance your new RV.

Considering Fuel Costs Are Down, the Timing is Good

Despite the recent crash in the U.S. mortgage lending market, there have been signs of recovery. One of the signs is that consumer financing for things like a new RV have become more available, but potential buyers still need to be mindful of their credit going into a purchase situation. Considering that the median length of time for new RV loans is just over 18 years for new RVs and 17.5 used (per the 2008 Survey of Lenders’ Experiences), it is clear that a potential buyer should be prepared before jumping at any financing offer.

Let Car Deal Expert Help You Pre-Qualify For a Better Rate!

Not only can you rest assured that we will work to pre-qualify you for the best financing package possible for your credit situation, but once you are done financing your new RV, you may even qualify for a tax deduction.

How Does the Tax Deduction Work?

The interest you pay as a result of financing your new RV is generally tax deductible as second home mortgage interest. So long as you don’t already have a second home mortgage, you can qualify. Furthermore, your new RV must be designated as security for the RV loan and offer basic living accommodations (sleeping area, bathroom and kitchen). Luckily, nearly all types of RVs, from motor homes to folding camper trailers, offer these amenities.

Thank You, American Recovery and Reinvestment Act of 2009

This became law early in 2009, and it is a boon to new RV buyers. It doesn’t have to be itemized. So long as financing your new RV occurs between February 17 and December 31, 2009, buyers can deduct state and local sales and excise taxes that they were responsible for on the first $49,500 of RV purchase price. This deduction is taken on the federal form and it lowers your overall taxable income. Please keep in mind that Car Deal Expert is not a tax advisor. If you have questions about eligibility or how to take the deduction, consult with a tax professional.

Financing Your New RV Can Be Fun

This is particularly true when you have a service like Car Deal Expert in your corner. See if you pre-qualify. Our lender screening process comes to you free of charge. Upon approval from a lender, you can see just how much enjoyment owning an RV can bring, and you can save money on airfare and hotel costs. Take the plunge and enjoy an RV lifetime adventure. Car Deal Expert can help you pre-qualify for financing your new RV!

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