Terry Frazer's RV Center


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Send a message to our finance manager.

Why Finance Your RV with Terry Frazer's 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 adviser, but in most cases 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 as such for each tax year.

What Are the Advantages of Financing Through a RV Lending Specialist?

The down payments are lower. Although final terms are determined based on your credit profile, the age, type and cost of the RV being purchased, financing through RV lenders usually requires down payments in the 10% range.

The finance terms are longer and / or 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 (terms) 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 a feasible 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.

Click here to go to our online credit application


Please fill out a credit application and return to Brian Murray, our finance manager.

PDF Credit Application download for Terry Frazers RV Center Click to Download Credit Application

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