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If you are uncomfortable applying for financing online, we request that you click on the application BUTTON LINK below and print out the application.
Once you have filled the application out please fax it to us at 318.629.1219. Our Financing Department will contact you once it has been received. If you do not have a printer, you can call us at 318.629.2628 and we will take the information over the phone.
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
DISCLAIMER: Bayou Outdoor Supercenter makes every attempt to ensure that the detail provided on each unit is up to date and accurate and that each unit is in-stock where listed, but this is subject to change without notice. All inventory listed is subject to availability and prior sale. In most cases we have taken the unit details provided by the manufacturer and this too is subject to change without notice. Listings may reflect occasional data entry errors. Pictures, video and other multimedia may not represent actual inventory item. Manufacturer pictures, specifications, and features may be used in placed of actual units on our lot. Contact Bayou Outdoor Supercenter for current in-stock inventory and actual selling price. All listed prices plus prep fee, tax, title and license.