You may have heard that you can get a tax deduction for motorhome loans
You may have heard that you can get a tax deduction for motorhome loans. This is true, but the motorhome must have a kitchen, sleeping/living area, a bathroom and running water. You must list the motorhome as collateral on the loan. This allows you to deduct the interest payments on your loan, because in this case, motorhome loans function as second mortgages. If you live in your RV full time you can also take this deduction. Talk with an expert on motorhome loans or your accountant if you have any further questions. Motorhome loans can also help you to build your credit. They have one of the lowest loan default rates in the finance industry and they have some of the lowest financing rates.