Financing Department
If you've decided you want to finance your new motorhome...you're not alone. Seventy percent of RV buyers finance their recreational vehicles.
With minimum down payment and approved credit, you can complete the financing process within hours of selecting your vehicle. You'll be on the road enjoying your new RV before you know it!
We finance all major brands including Alliance, Winnebago, Thor Motor Coach, and Keystone Montana. You can add in all your parts and accessories, service agreements, RV insurance and more into one convenient payment.
Why Finance Your RV?
Financing preserves your personal financial flexibility. Rather than liquidating savings, stocks, or other investments, you can maintain your financial cushion and continue earning returns on your assets. Your RV might actually cost you less in the end if you finance your purchase by allowing you to pursue alternative investment opportunities.
Pierce RV finances purchases for motorhomes (diesel, Class A gas, Class B, Class C), travel trailers, fifth wheels, toy haulers, cargo trailers, and bunk models.
Lower Down Payments
Financing through RV lenders usually requires down payments in the 10% range, keeping more cash in your pocket for adventures.
Extended Terms
It's not uncommon to find 15-20 year repayment schedules. RVs retain their value well, allowing lenders to offer longer terms with lower monthly payments.
Bundle Everything
Add parts, accessories, service agreements, and RV insurance into one convenient payment. Simplify your budgeting with a single monthly bill.
Tax Benefits Available
Your RV may qualify for the same tax benefits as a second home mortgage. Consult your tax advisor for details specific to your situation.
Second Home Tax Advantages
Your RV may qualify for the same tax benefits as a second home mortgage. To qualify as a second residence, your RV must be used as security for the loan and designated annually for tax purposes.
Qualified Second Residence Requirements
Sleeping Accommodations
Bathroom Facilities
Cooking Facilities
RV Financing vs. Home Equity Loans
Home Equity Loans Not Applicable
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. RV purchases don't qualify for standard home mortgage deductions.
Important Limitation: Home equity interest deductions are capped at $100,000 in loan balance. RV-specific financing can offer more favorable terms and doesn't put your home at additional risk.
Advantages of RV Lending Specialists
Working with RV financing specialists provides significant advantages over traditional lending options. Here's why specialized RV lenders offer better terms:
Lower Down Payments (10% Range)
RV lender specialists understand the market and can offer significantly lower down payments compared to traditional loans, typically around 10% instead of 20% or more.
Longer Terms (15-20 Years)
Because RVs retain their value well over time, specialized lenders can confidently offer extended repayment schedules, resulting in lower monthly payments that fit your budget.
Lower Monthly Payments
The combination of lower down payments and extended terms means you can afford the RV of your dreams with manageable monthly payments that don't strain your budget.
Privacy Notice
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing.
Information We Collect
- Social Security number and date of birth
- Email address and mailing address
- Phone number and contact preferences
How We Share Information
Everyday Business Purposes
Pierce RV shares: Yes | You can limit: No
Process transactions, maintain accounts, respond to court orders, and report to credit bureaus.
Marketing Purposes
Pierce RV shares: Yes | You can limit: Yes
Offer products and services to our customers.
Affiliates' Everyday Business (Transaction Information)
Pierce RV shares: Yes | You can limit: Yes
Affiliates' Marketing
Pierce RV shares: Yes | You can limit: Yes
Joint Marketing with Financial Companies
Pierce RV shares: No
Want to Limit Sharing?
Call us at 406-655-8000 or visit piercerv.com to discuss your options.
Note: If you are a new customer, we can begin sharing your information 10 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice.
Questions? Call 406-655-8000 or visit piercerv.com
