Financing and Insurance
Thank you for choosing Southaven RV Center, Inc. for your RV financing needs. With our two locations and many different financing options we are sure that we can assist you in finding a finance plan that best suits your needs. We'd appreciate the opportunity to help you get on the road to your next adventure so give us a call at either of the locations.
CLICK HERE to submit our Online Secure Financing Application
SOUTHAVEN AT PEPPERCHASE
5485 PEPPERCHASE DRIVE
SOUTHAVEN, MS 38671
PHONE (888)902-9948
FAX(662)393-6986
Insurance
RV America Insurance is your one-stop location for recreational vehicle insurance. Many top-rated RV insurance carriers have been researched and we will find you the best combination of coverage and price. Well-informed agents can provide the quality advice and help you expect from an insurance company. RV America has provided the lowest rates for specialized RV and motorhome insurance for more than two decades
We work hard to find you the best rate and coverage for your travel trailer, and motorhome insurance needs. You will find lower premiums and better coverage than other insurance providers. Your policy may include Total Loss Replacement, Emergency Expense Coverage, Unlimited Towing and Roadside Assistance, and more. Every policy comes with specialized RV coverage.
Tips on Financing your RV
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!
Information provided by GoRVing.com
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