Finance & Insurance
We protect and care for you long after the sale.
American RV offers a complete Finance & Insurance Department.
When buying any vehicle, there is always a chance of having a mechanical breakdown. However, you will have peace of mind knowing that most problems can be taken care of with an extended service agreement. You’ll get all the benefits and options you want at an affordable price. For just pennies a day, your new or pre-owned RV will be protected from the unexpected. Regardless of where you are in the United States or Canada, you are protected. XtraRide is endorsed by RVDA and includes concierge services and RV Technical Assistance.
Five Reasons you need an RV Parts & Labor Agreement
- Peace of mind – Why worry about the cost of unexpected repairs?
- Protect yourself against inflation – The price of parts and service increases each year.
- Protect your investment – Make it easy to protect your RV and preserve its value.
- Eliminate unplanned expenses – Don’t let repair bills burst your vacation budget.
- Protection you can afford – Compared to the cost of physical damage insurance, a service agreement is an excellent value.
Full statements of agreements, terms and conditions for the service agreements and manufacturer’s warranty on your RV are available from American RV Sales.
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Protection exclusively tailored for your RV! A specialized RV policy offers you more:
- Disappearing Deductibles
- Total Loss Replacement
- 24-Hour Towing and Roadside Assistance
- Personal Items Replacement Value
- 24-Hour Claim Reporting
- Damage to Awnings and Satellite Dishes
- Emergency Vacation Expenses
- Campsite Liability
- Full-Timers Coverage
Coverage may vary by state.
Road Hazard Coverage for RV Tires and Wheels – Tire Shield is strictly a contract that covers the tires and rims on new and used motor homes, 5th wheels, trailers and their tow vehicles against road hazards. Road hazards are those unusual conditions of the highway which should not exist such as pot holes, metal objects, glass, etc. The coverage period is for seven years from delivery or until there is less that 2/32″ of tread depth remaining on the tire, whichever comes first. Covers the tires and rims of the R.V.’s tow vehicle also!
- 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. 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. These accommodations include a sleeping area, bathroom and cooking facilities. As always, check with your tax adviser before claiming your RV loan as a second home mortgage as the RV should be 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!
Monday - Friday: 9:00AM - 6:00PM
Saturday: 9:00am - 5:00pm
Phone: (616) 455-3250
Confidential Fax: (616) 224-2954