Marc Tareski
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Get the Facts About RV Financing
There's no better time to buy an RV! You've searched and researched and you've found the RV of your dreams! Whether it's new or used, the question now is how can you afford to make that dream a reality? The answer: by financing your purchase with terms that make it affordable for most every budget.One-Stop Finance Shopping
Blue Crick RV has arranged on-the-spot financing through many major lenders and will work to make your purchase dream come true. Our in-depth knowledge will make the process go that much smoother.
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 10-15 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 use of a home equity loan for the purchase of an RV, therefore, does not qualify for this deduction.
The Last Word on RV Financing
Your RV might actually cost you less in the end if you finance your purchase. By not tapping 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 our financing options to maximize your purchase enjoyment.
You'll be on the road enjoying your new RV before you know it!
Protect Your Investment - Get the Facts about RV Specialty Insurance
Why RV Specialty Insurance? Your RV, whether new or old, is a special vehicle requiring special consideration. Just as you wouldn't go to your family doctor for a toothache, you shouldn't go to a general insurance company to insure your RV.
An RV is a home on wheels. RV specialty insurance is a unique blend of auto and homeowner's insurance coverage, yet the price is typically comparable or less expensive than standard auto insurance.
What’s Special About RV Specialty Insurance?
Total Loss Replacement (TLR) Coverage is a major difference between a standard auto policy and a specialized RV policy. With TLR coverage, if your RV is totaled, the insurance company either replaces your RV with a new one or pays your initial purchase price, depending upon the age of your unit.
- Agreed Value Coverage is offered for classic coaches and bus conversion vehicles that don't have a standard market value. With a bill of sale or qualified appraisal, you can lock in the coach's value up front.
- Full-Timer Coverage - Without a homeowner's policy, RVers who live in their vehicles full-time are left with major exposures. Personal liability, additional living expenses, and stored personal effects coverage are included in RV specialty policies to protect full-timers' unique needs.
- Experienced RV Claims Handling - While you may never experience a serious loss with your RV, RV specialty insurance companies give you peace of mind knowing that your claim will be handled by professionals with RV experience, not simply standard auto adjusters.
- Diminishing Deductible Coverage is designed to reward good drivers by reducing comprehensive and collision deductibles by 25% for each claim-free year. If a loss occurs after four-claim free years, you pay no deductible on your claim.
- Personal Contents Coverage covers personal property, such as housewares, tools, clothes, and sporting goods. A homeowner's policy may provide coverage, but there are often limitations to coverage for off-premises property, items in storage, or belongings damaged in a collision. RV specialty policies replace stolen or damaged items at full replacement cost.
Other Benefits of RV Specialty Coverage
- Add-Ons and Tow Dollies Included - Most RV specialty policies automatically cover items like awnings, antennas, external racks, and satellite dishes for no additional charge. Additionally, tow dollies and trailers are often included in coverage.
- Free 24-Hour Emergency Roadside Assistance - With most policies, insurance companies will cover the towing of your RV to the nearest qualified repair facility, regardless of cost. These policies are often extended to the tow or towed vehicle, as well, if it's being used in conjunction with the RV.
- Emergency Travel Expense - If your RV is incapacitated due to a covered loss, most RV policies cover the cost of a rental car and/or hotel room while your RV is being repaired. If your RV is totaled, the policy can cover airfare to return you and your family home.
- Campsite Liability - RV specialty policies accommodates the unique risks involved in the RVing lifestyle. If someone is injured at your campsite, your liability exposure is covered up to policy limits.
- A Variety of Discounts - Be sure to ask about all discounts offered by an RV specialty insurance carrier. Membership in an RV club, supplemental braking systems, or completion of a safe driving course are just some of the discounts available on a state-by-state basis.
How Do I Find an RV Specialty Insurance Provider?
The Business Manager can put you in touch with one of the national companies that specialize in coverage for RV owners.
The specific coverage you purchase may vary slightly from the descriptions listed above. Your policy is your contract so be sure to read it carefully.
The Final Word
If you currently own an RV, review your policy to be sure you have the protection described above at a reasonable price. If you are thinking of buying an RV, be sure to discuss with an RV-experienced agent or insurance company the availability of these coverages. Protect yourself by properly insuring both your investment and RVing lifestyle with RV specialty insurance.
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Telephone 877-244-5888
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FAX 509-244-6046
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Address:
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13915 W. Sunset Highway, WA 99001
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Electronic mail
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