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The Smart Money
By financing your purchase instead of selling
assets or paying
cash, you can maintain better financial options. In addition,
your RV may qualify for many of the same tax benefits as a second
home or mortgage.
Please check with your tax consultant, but to qualify for these
benefits, for things like the deductibility of interest on the loan,
your coach must be used as security – along with providing
basic living accommodations such as a sleeping area, bathroom
and cooking facilities. The idea is the RV is considered a qualified
second residence as long as you claim it for each tax year.
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