RV Financing at Modern Trailer Sales in Anderson, IN

Why Finance Your RV here at Modern Trailer Sales?

When you finance your purchase instead of liquidating assets or paying cash, you maintain your personal financial flexibility. Plus, your Camper 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.


  • This affordable extended warranty comes with a low deductible, service call benefits & nationwide protection. Learn more...

  • Since 1987, Coach-Net has been providing peace of mind to its members. Broken down? We have you covered! Covers RV and ALL Personal vehicles owned, rented, leased or borrowed, 24/7 certified rv tech assistance, 24/7 roadside assistance, 40,000 service providers & service locations. Learn more...

  • If your coach is stolen or totaled, you'd want gap protection. They will pay the difference of what you owe on the loan and what the insurance company will be paying to you. Learn more...

  • Coach-Net is a contract of protected coverage strictly for road hazard damage to tires on new and pre-owned vehicles. Road hazards are those unusual conditions that may occur on the highway such as potholes, nails, glass and other hazardous materials. Will pay the cost for repairing/replacing tires, rims, etc. Learn more...

  • Protect your investment from the sun's harmful rays with Resist-All Protection! Interior and exterior protection from the elements. Platinum Protection features paint sealent - seals and protects, fabric sealant - easy clean-up, and vinyl/leather sealant - stain barrier! Learn more...



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What Are the Advantages of Financing Through an 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.

Here at Modern Trailer Sales, our experienced finance department will make for a smooth buying process for your new or used RV. Our dealership is located in Anderson, IN, between Muncie and Indianapolis, Indiana.

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 Camper 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 Camper before you know it!

Information provided by GoRVing.com

Our knowledgeable finance staff is here to make the process of purchasing your expandable trailer, fifth wheel, park trailer, toy hauler or travel trailer, we have the experience and know-how to make it happen. easy, so don't put off your dreams. Come in and talk to us today! You'll know you made the right choice when you're traveling the country in your new Coachmen, Forest River, Heartland or Keystone RV.

Text us: 765-644-4497