5 Reasons to Finance Your RV With Hi-Way Campers


1. We Make it Easy for You

With several national lenders at our disposal, we're your one-stop source for RV financing. All you have to do is choose your favorite RV from our large inventory, and we'll handle the rest. That includes negotiating with our lenders to find the best interest rate and terms for your RV loan.

2. Keep Your Cash in the Bank

When you finance your new RV, rather than liquidating assets, you maintain your financial flexibility to deal with emergencies or unforseen circumstances should they arise.

3. Tax-Deductible RV Interest

According to the IRS, interest paid on an RV loan may be tax-deductible as a second home. IRS Pub. 936 states:

"Fully deductible interest. In most cases, you will be able to deduct all of your home mortgage interest. Whether it is all deductible depends on the date you took out the mortgage, the amount of the mortgage, and your use of its proceeds ...

"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."

Be sure to check with your tax advsior for more details.

4. Low Down-Payments

In most cases, with a favorable credit history, you'll need no more than a 10% down-payment to qualify for RV financing. In some cases, you may not even need that much.

5. Low Monthly Payments

Because RVs are more like homes than automobiles, lenders are willing to offer extended term financing on RV loans. In most cases, RV loans of $25,000 or greater can be financed over 15 years.