RV Financing—Resources for New and Used RV Buyers
More and more people of all ages and interests are discovering the RV lifestyle and so RV financing is becoming big business as well. If you think that you would like to own a new or used RV, you are probably trying to find the best resource for your RV financing. Although you could just go through the dealer, the bank or the credit union, you should take a look at D RV Financing first. Not only do they have great loans for all types of recreational vehicles, both new and used, they also have resources to make the whole RV buying process easier to understand and navigate.
Finding new RV financing
Before you look for RV financing for your new RV, you probably want to decide what type of RV you want to buy. Consider who will be traveling with you, how long you will be traveling, and where you will be traveling. Everything from a pop up tent trailer to a luxury diesel pusher motor coach can be financed through a site like www.drvfinancing.com . One advantage you have when purchasing a new RV rather than a used is that you can generally get lower interest rates. Over time, this could end up saving you some money, and you will also be saving money with lower maintenance costs.
Why people choose a used RV
Although there are advantages for buying a new RV, the price advantage in buying a used RV is hard to ignore. Depreciation is greatest in the first year or so of RV ownership and if you buy a used RV that is less than 3 years old, you can benefit greatly from those savings. However, if you buy an RV that is older than 5 years old, you may have trouble getting RV financing and the lender may require that the RV is inspected before they approve the loan application. You will also need to think about the added costs of maintenance and an extended warranty to protect your investment.
Use an RV financing calculator to compare new and used RV financing and see which will end up being the best deal for you as far as interest rate, length of financing and the monthly payment amount. You can get the RV and the loan of your dreams.