If you've decided you want to finance your new motorhome diesel, class C motorhome, class B motorhome, class A motorhome gas, travel trailer, fifth wheel, toy hauler, cargo trailer, or bunk model you're not alone. Seventy percent of RV buyers finance their recreational vehicles. With a minimum down payment and approved credit, you can arrange financing with us and get out on the road a few hours after picking out your new or pre-owned RV.
Plus, you can add in all your parts and accessories, service agreements, RV Insurance and more. You'll have everything you need, and you can accomplish all of this and keep it with one low monthly payment.
And because here at Pierce RV Supercenter of Billings, Montana, we finance more Alliance, Winnebago, Thor Motor Coach, Keystone Montana, and many more brands than anyone else, we understand your special needs. Only someone who knows how you feel when you hit the road on your next vacation understands that getting your RV financed ASAP is your biggest concern. That's why we make the process easy for you.
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.
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.
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.
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!
Talk to Pierce RV Supercenter of Billings, Montana about financing your Recreational Vehicle with Pierce RV Supercenter and get out on the road today.
The types of personal information we collect and share depend on the product of service you have with us. This information can include:
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons Geo R. Pierce Inc. chooses to share; and whether you can limit this sharing.
| Reasons we can share your personal information | Does Geo R. Pierce Inc. share? | Can you limit this sharing? |
|---|---|---|
| For our everyday business purposes Such as to process your transactions, maintain your account(s) respond to court orders and legal investigations, or report to credit bureaus. | Yes | No |
| For our marketing purposes To offer our products and services to you. | Yes | Yes |
| For joint marketing with other financial companies | No | N/A |
| For our affiliates' everyday business purposes Information about your transactions and experiences. | Yes | Yes |
| For our affiliates' everyday business purposes Information about your creditworthiness. | No | N/A |
| For our affiliates to market you | Yes | Yes |
| For our affiliates to market you | No | N/A |
Please Note: If you are a new customer, we can begin sharing your information 10 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice.
However, you can contact us at any time to limit your sharing.
Call (406) 655-8000 or go to piercerv.com
