{"id":7511,"date":"2023-04-28T16:45:59","date_gmt":"2023-04-28T21:45:59","guid":{"rendered":"https:\/\/www.nirvc.com\/blog\/?p=7511"},"modified":"2023-05-15T17:10:42","modified_gmt":"2023-05-15T22:10:42","slug":"advantages-to-financing-your-rv","status":"publish","type":"post","link":"https:\/\/www.nirvc.com\/blog\/advantages-to-financing-your-rv\/","title":{"rendered":"3 Advantages to Financing Your RV"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h1><strong>Just like it matters w<i>here y<\/i>ou buy your RV, h<i>ow<\/i> you finance it matters too!\u00a0<\/strong><\/h1>\n<p><span style=\"font-weight: 400;\">Picking the <a href=\"https:\/\/www.nirvc.com\/blog\/which-size-motorhome\/\">perfect RV<\/a> is no easy task. Across every brand and RV class, some seriously great options are available. From <a href=\"https:\/\/www.newmarcorp.com\/\" target=\"_blank\" rel=\"noopener\">Newmar<\/a>&#8216;s massive Class A King Aire RVs to the comparatively humble Class B <a href=\"https:\/\/www.winnebago.com\/\" target=\"_blank\" rel=\"noopener\">Winnebagos<\/a>, there&#8217;s something for everyone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once you&#8217;ve picked the perfect RV, you&#8217;ve still got one more big choice ahead of you: how to pay for it. While RV newcomers often assume the process is similar to buying a car, reality can be much more complex\u2014especially if you&#8217;re choosing a high-end model.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given how big of an investment an RV can be, many drivers are tempted to either pay cash out of their savings or secure a line of credit from their bank, which allows them to cover most (if not all) the cost of a new motorhome. However, this isn&#8217;t always the best route to take.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Working with your RV dealership&#8217;s\u00a0financing options can have some serious advantages, both in the amount of money you owe and the terms you get for repaying it. Let&#8217;s take a look!<\/span><\/p>\n<p><b>Financing an RV Offers More Flexibility in Repayment Terms<\/b><\/p>\n<p><span style=\"font-weight: 400;\">As RVs can be individually expensive purchases, they come with many considerations when navigating repayment terms. It&#8217;s not unheard of for the loans on some luxury RVs (Class A vehicles especially) to extend over <\/span><b>20 years<\/b><span style=\"font-weight: 400;\"> or <\/span><b>240+ months<\/b><span style=\"font-weight: 400;\">. That means these loans have more in common with a second mortgage instead of a car loan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It&#8217;s hard to imagine your local bank or credit union offering terms like these. Many likely aren&#8217;t familiar with the intricacies of owning an RV, and this can create a whole host of headaches.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Discussing financing options with your RV dealership can also save you the steps of dealing with a pre-approval process, which can translate to serious time savings. Depending on where you would otherwise source your RV financing, it&#8217;s easy to miss an entire <\/span><i><span style=\"font-weight: 400;\">season<\/span><\/i><span style=\"font-weight: 400;\"> dealing with clerical tasks. By contrast, an RV dealership understands how important it is to get you behind the wheel of your new RV as soon as possible.<\/span><\/p>\n<p><b>Financing Also Offers Lower Average Monthly Payments<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Working with your RV dealership to figure out financing options doesn&#8217;t just translate to more flexibility in your repayment timeline; it can also easily translate to lower monthly payments. As we mentioned above, some RV loans can last more than a decade, which translates to very different considerations versus a regular car loan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More often than not, these longer RV loans translate to significantly lower monthly payments, sometimes as low as $200! Renting an RV for that much money is considered a steal, so try to wrap your mind around owning one for that amount.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even better, drivers can expect to pay a lower average down payment as well. As there are fewer hoops to jump through when you reach out directly to your RV dealer, you can expect a cleaner (and more affordable) close on your new motorhome!<\/span><\/p>\n<p><b>An RV Dealership Will Be Uniquely Qualified to Work With You<\/b><\/p>\n<p><span style=\"font-weight: 400;\">If you&#8217;re noticing a theme here, it&#8217;s that RV dealerships are better equipped to work with the unique needs, costs, and considerations of owning an RV than virtually any other source of financing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There&#8217;s a really obvious reason for this: RV dealerships know more (and care more) about RVs than other sources of financing!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Beyond perks like lower down payments and more flexibility in choosing a repayment window, you can rest assured your servicer <\/span><i><span style=\"font-weight: 400;\">actually<\/span><\/i><span style=\"font-weight: 400;\"> understands the intricacies of owning an RV! (That&#8217;s not something you can always say for banks and credit unions.) This understanding translates to a better all-around experience. After all, your RV dealership&#8217;s goal is to sell you an RV, which means they&#8217;re strongly incentivized for finding the best possible financing options for you.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our financing office works with drivers to find the best possible options for their unique circumstances.\u00a0Learn more about the <a href=\"https:\/\/www.nirvc.com\/Finance\">different financing options<\/a> available at NIRVC.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Did you know there are advantages to financing your new RV? Read on to learn of the 3 main advantages of financing your new motorhome.<\/p>\n","protected":false},"author":16,"featured_media":3042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[8],"tags":[126,24],"class_list":["post-7511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rv-lifestyle","tag-financing","tag-rv-education"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>3 Advantages to Financing Your RV | National Indoor RV Centers<\/title>\n<meta name=\"description\" content=\"Did you know there are advantages to financing your new RV? 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