Billy Davidson
Phone: 318-629-2628
Fax: 318-629-1332
Email:
billy@bayououtdoor.com
Apply for Financing
Ryan Litton
Phone: 318-629-2628
Fax: 318-629-1219
Email:
ryan@bayououtdoor.com
Apply for Financing
Our financing options provide you with low rates and payments to meet your budget. If you have any questions, please feel free to e-mail or call our Finance Department at 318.629.2628.
Get Started with our secure online application today!
If you are uncomfortable applying for financing online, we request that you click on the application BUTTON LINK below and print out the application.
CLICK HERE FOR PRINTABLE RV CREDIT APP
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.
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.
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.
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.
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!
