Kicking back on the deck of your own boat with a chilled beverage in hand, alone or with your favorite people. Enjoying a homemade lunch to the tune of birds overhead and waves lapping at the hull.
It’s safe to say that the answer is, no, there is nothing better than a perfect day on the water—except, perhaps, a perfect day on the water on a beautiful classic boat.
If you’re reading this, it’s because you’ve lost (or never had) interest in the glittering bows, obnoxious sound systems, and characterless design of a giant modern yacht. You’re ready to sidestep the flashy bells and whistles.
You’re ready for polished.
Timeless. Refined. Elegant. You’re ready for a level of class that only a classic boat can deliver, and we’re prepared to help you find just the right one. In this article, you’ll learn about popular classic boat types so that you can make an informed decision. We’ll also point you in the right direction for boat financing and other classic boat loans to help you acquire your new obsession and get her on the water ASAP.
Classic Boat Types
What makes a boat a classic? For such a beloved collector’s item, classic boats are actually quite loosely defined. The ACBS (Antique and Classic Boat Society) defines a classic as, “a boat built between 1943 and 1975,” and contrary to popular belief, said boat does not have to be made out of wood. Fiberglass and aluminum aren’t that far behind polished mahogany in terms of what makes a classic.
It’s a lot like a classic car: you know it when you see it.
Below are a few of the most popular classic boat types to fall in love with.
Bass fishing boats are simply the best for freshwater anglers: they’re open and low to the water for easy casting. Having platforms in both the bow and stern allow you to stand while angling or set up chairs for a relaxing fishing experience. Many bass boats have both a powerful engine for getting there in a hurry and a quiet trolling motor to use during angling.
Aluminum Ski Boat
This is the quintessential fun-in-the-sun type of boat. You might have good memories of spending time with your friends and family in a ski boat at the lake when you were younger. Maybe you want to re-create that timeless feeling or make totally new memories as an adult. Either way, an aluminum ski boat is perfect for pulling water skiers, wakeboarders, kneeboarders, and inner tubes!
This is a luxurious home away from home! Cabin cruisers feature a kitchen, toilet, and beds—perfect for a family getaway or entertaining friends. You can even get a hot water shower, electrical outlets, and air conditioning! They’re very stable, even in choppy ocean conditions, making them a joy to drive and ride in. Even though they’re big, you’ll still be able to move yours with a trailer.
The Broads Yacht is a beloved classic that looks like it’s straight out of a good old fishing flick. It’s the perfect size for a solo ride or a couple good people aboard for a day on the lake, whether you’re fishing or riding the waves. This timeless and charming boat may look a little tight, but it’s got a lift-up coach roof to provide more space if you need it.
Pontoon boats are made for finding your favorite spot on a beautiful, sunny day. They’re designed to give you the most seating and storage possible—with a 360° view. So, bring as many friends and family as you can—and an ice chest full of snacks. Find a quiet cove or a sociable hangout, break out the sandwiches and drinks, go for a swim, and soak in the sun!
Classic Boat Loans
If you’ve already begun scrolling through the public or private listings for classic boats, you’ve probably discovered that classic boats are a lot more affordable than you previously believed. This doesn’t mean, however, that you should have to pay for the entire purchase (additions and all) out of pocket.
Financing your boat allows you to bring your dreams to the surface without having to wait years and years. Plus, without having to fork over one giant lump sum, you’ll be able to start saving for your boat’s maintenance and repairs—which typically amount to an average of 10% of your purchase cost every year.
If you’re interested in learning more about yacht loans or bass boat financing, contact us today. We’ve got the classic boat loans you need to cover your end at an affordable rate.
Getting out on the water is one of the best ways to enjoy the warm weather.
There is nothing like getting away from it all, including dry land, and exploring the many waterways both far and close to home. Buying your own boat allows you to have as many opportunities as you want to enjoy the water.
If you are ready to finance a boat, the first thing you need to decide is what type of boat is best for your favorite water activities. Here are a few tips for finding the boat that will suit your needs.
The first question to ask yourself is what type of body of water will you typically visit? Boating can be quite different on rivers, lakes, or oceans. Finding the right boat will make your favorite activities possible.
Rolling on the River
If you plan to spend your boating time on rivers, there are several types of boats that will work for you. While some features are important to have, there are some that you will certainly want to avoid.
The main consideration for boating on rivers is the potential for shallow water. Flat bottom boats are great for rivers. They allow for navigation in shallow water while still offering enough space for fishing and lounging on the deck. Bass boats and bay boats are also good options. There are a number of features to choose from. Outboard motors are still a possibility for boating on rivers. You just want to make sure yours can be raised out of the water when negotiating shallow water. If you are looking at running whitewater, then you definitely want a smaller, more flexible watercraft.
On the Lake
Lake boating offers a little more variety in boating activities, and therefore, in the types of boats that will work.
When boating on a lake, you can go for leisure craft like houseboats. These boats can be used to stay in one place or slowly explore the lake. You can also go for fishing boats with open seating in the rear or front of the boat. The flatboat you got for the river will also work for a lot of lake environments, though they may require additional caution around larger or faster watercraft.
One of the most exciting ways to enjoy boating on a lake involves speed. If you want to waterski or tow a tube on the lake, then you want to choose a boat that offers more power for speed and towing capability. Deck boats, jet boats, and performance boats are perfect for water sports. There are plenty of boats that offer these features along with enough room for fishing and lounging so you can enjoy a number of water activities at your favorite lake. Fish and ski boats help you get the best of both worlds.
Out to Sea
Ocean boating is an entirely different animal.
Speaking of animals, the incredibly large animals you can encounter in the ocean, along with sizable waves mean that opting for a larger boat is the wise move. You also want something with considerable range, including fuel capacity, if you plan on long ocean trips. Power catamarans and large cruisers offer the sleeping quarters and shelter for long boating trips. Also keep in mind that communications like cell phones are less reliable once you get farther from the coast, so equipping your boat with a radio or even satellite phone is a good idea.
No matter what type of boat you choose, you will want to get the best financing you can to help make it as affordable as possible. Once you have picked the perfect boat for you, let Southeast Financial help you with the financing. Contact us today for a free quote.
Buying an RV is a big investment, which can make it a complicated process.
With the right information, however, it doesn’t have to be.
Here are seven common mistakes that first-time RV buyers often make. By avoiding these missteps, you can have an enjoyable buying experience and ultimately get paired with an RV that you can enjoy for many years to come.
Buying the Wrong RV
It is every RV buyer’s worst nightmare: going on your first camping trip and realizing that you didn’t buy the right rig.
Maybe it is too big, or too small. Perhaps there isn’t enough storage space, or it’s too tall to get into your favorite campground.
An RV purchase is a big investment, and it pays to spend the time to make sure the camper is right for you. By doing your research, and not buying on impulse, you will have a much better chance of getting the right camper.
Interested in learning more about the different types of RVs? Check out our recent blog post to help you with your research.
Neglecting to Consider Both New and Used
There are benefits to buying both new and used RVs.
New campers are easy to find and available in any number of layouts. Many will come with the benefit of a warranty, and you will have the piece of mind knowing that the camper has never been damaged from misuse. On the flip side, new campers can depreciate up to 30 percent as soon as they are driven off the lot.
Used campers have already begun to depreciate and therefore are less expensive than new campers. They can be a good deal if they have been properly looked after. It may take some patience to find a used camper in the right condition, for the right price, to meet your needs.
Failing to Get a Used Camper Checked Out
Used campers can be great deals, but it pays to have a professional take a look before buying.
When buying a used camper from a dealership, be sure their in-house mechanics give it the green-light before you agree to buy an RV. If you are purchasing from a private seller, make an appointment at your local RV shop to have them inspect
the camper. Ask them to look for mechanical issues, as well as water damage, signs of excessive wear and tear, and malfunctioning systems. This inspection will cost you a small fee upfront but may save you from a big surprise down the road.
Not Having the Proper Tow Vehicle
If buying a towable RV trailer, it is crucial to determine not only the weight of the camper but the tow capacity of your vehicle. Be sure the tow capacity of your vehicle exceeds the weight of the RV trailer by a good margin. This will not only put less strain on your transmission but will also help to keep you safe by towing the camper with a vehicle rated to handle it.
Also, be sure that any additional braking or electronic systems are installed to allow you to tow legally and safely.
Driving Off the Lot Without a Lesson
Before driving off the lot with your new RV ask for a lesson on how to use all its systems.
You don’t want to pull into a campsite and realize you don’t know how to put down the stabilizing bars, or you can’t figure out how to start the fridge. While not knowing how to run the systems can be annoying, trying to run them without some instruction first and accidentally breaking something can turn out to be hard on your wallet. Make sure to get that walk-through before you leave with your new RV.
Not Knowing Your Size
Drive through any underpass and you’ll see scrapes on the concrete where the drivers of RVs or other tall vehicle have misjudged their height.
It is crucial to know how tall and wide your RV is before you go on your first trip. The dealership or private seller should tell you the dimensions of the RV. Keep the dimensions written somewhere easily accessed from the driver’s seat. Repairing a roof-mounted air conditioner, antenna, solar panels, or the roof itself will cost you big time.
Getting the Wrong Insurance and Roadside Assistance
RV insurance, as well as RV roadside assistance, are different from those you would acquire for a passenger car.
This mistake has cost people in unexpected towing costs and unrecoverable losses. Remember RV insurance only covers the camper itself, not the contents inside. Sit down with your insurance agent to work out the best policy for your needs, and call your roadside assistance provider to add RV coverage to your plan.
Don’t let these seven common mistakes happen to you. By doing your research you can buy a camper that is right for you, in great shape, and will be a comfortable place for you to camp for years to come. Let Southeast Financial help with your recreational vehicle financing today.
Fifth wheel travel trailers are one of the most popular types of campers on the road.
Wondering if a fifth wheel camper will meet your needs? Read on for information on the benefits and drawbacks of this type of camper.
What is a Fifth Wheel Travel Trailer?
There are two types of campers: motorized and towable. Motorized campers, sometimes called motorhomes, have an engine and can be driven as-is. Towable campers are those that attach to the back of a truck or other vehicle and are pulled behind
Fifth wheel travel trailers are large, towable campers. Instead of connecting to a tow vehicle via a hitch, like a pop-up camper, fifth wheel campers connect to the center of a truck bed with a gooseneck connector. Fifth wheel travel trailers can range from 22 to 40 feet, and have one or more slide-outs to give the camper additional interior space when it is set up. Because of their spacious interiors, fifth wheels are popular for full-time travelers, big families, and anyone who is looking for the comforts of home while camping.
Benefits of a Fifth Wheel Travel Trailer
There are two primary benefits to a fifth wheel travel trailer: towability and interior layout. Let’s take a look at both.
Despite their size, a fifth wheel camper is one of the easiest types of campers to tow. Because it connects to the tow vehicle via a gooseneck, there is more leverage from the center of the truck for an effortless tow. In addition, this type of connection allows the truck and camper to maneuver better as a connected unit. Fifth wheel travel trailers rarely have the side-to-side swaying that occurs in other towable campers. Drivers of fifth wheel campers enjoy the added stability on both short and long-haul drives, and on nearly any type of road.
The second benefit of a fifth wheel travel trailer is the comfort of its interior layout. While every camper’s layout is different, fifth wheel travel trailers benefit from the additional space that comes from both slide-outs and the overhang that sits above the truck bed. Fifth wheel travel trailers are not only spacious but are often luxuriously equipped inside. It is not unusual to find full-sized kitchens with all the amenities of home, multiple seating areas, a king-sized bed, and a washer and dryer. Some campers even come with fireplaces, multiple TV’s, and wine refrigerators.
If an easy-to-tow, comfortably equipped camper is what you’re looking for, a fifth wheel travel trailer may be right for you.
Drawbacks of a Fifth Wheel Travel Trailer
The one potential drawback to owning a fifth wheel travel trailer is the type of vehicle needed to pull it. While other campers can be pulled by lighter duty trucks, and sometimes even SUV’s, a fifth wheel travel trailer often requires a heavy duty truck or flatbed.
A heavy duty truck is needed primarily because fifth wheel campers are heavy. The slide-outs and overhang create a lot of space, but also add weight to the camper. Also, the longer the camper gets, the heavier it gets. The truck you use to tow the camper should have a towing capacity that exceeds the weight of the camper in order to not over-tax the transmission.
In addition to needing a proper tow capacity, the truck will need a mounting plate installed inside the truck bed. This is an additional expense that will decrease the space available in the truck bed for other uses. Additionally, as it is illegal for anyone to ride in a camper while it is being towed, the truck will need to have the proper seating capacity for the number of travelers.
Fifth wheel travel trailers are a great option for those who are looking for a camper that is spacious, luxurious, and easy to tow. While a heavy duty truck is needed to properly tow a fifth wheel travel trailer, those who can find the right combination will enjoy the ease and comfort that these campers have to offer.
If you’re in the market to buy a used motorhome, there are a few things you should know before you sign on the dotted line. Here is a list of dos and don’ts that will set you up to drive happily into the sunset for years to come!
DO Decide What Is Non-Negotiable
There are so many wonderful options available in many different types and sizes of motorhomes. In fact, pretty much anything you desire can be found inside one of these apartments-on-wheels. The only thing is, you won’t be able to get everything.
It can pay off to be a little flexible in some of your wants while remaining true to what you actually need. Your non-negotiables should cover anything that makes the investment worth it and the lifestyle commitment a joy.
For example, if you’re more of a “glamper” then you don’t want to compromise on the cleanliness of a particular used motorhome. If you imagine yourself staying closer to nature and camping in more intimate sites, don’t compromise on choosing a pull-behind tent trailer. If you have a big family or want to bring guests along, don’t compromise on the number of people your vehicle can accommodate.
Other things you might consider essential could be a dishwasher, the ability to tow, or two bathrooms. It’s all up to you, but realize that the more “essentials” you have on your list, the harder it will be to find exactly what you want.
Besides, since you are in it for the long haul, you can always customize or upgrade down the road. It’s most important to get a solid-running vehicle now and add a skirt, awning, or high-quality speaker system later.
There are a hundred ways you can overbuy, overspend, or overextend yourself when standing in front of a potential pre-owned travel trailer. You may get excited and then end up with foggy vision about the realities of your choice.
Here are a few questions to ask yourself:
Do I have a truck big enough to pull a fifth wheel?
Do I really need that extra bed?
Are the places I envision myself traveling to able to accommodate a Class A?
Can I safely drive such a large unit?
Will my budget allow for a newer model?
Your honest answers may bring you clearer vision so you end up with a purchase you won’t regret in the end.
DO a Thorough Inspection
You absolutely don’t want to end up with a lemon. Things to look out for are:
Leaks: Look for brown spots on the ceiling, or bowing. Check around the windows and doors. Check the corners of the carpeting near appliances and the bathroom.
Mold: You will most likely see any mold in the corners or caulking of the roof or laminate floors. Make sure to inspect all seams and creases and inside the cabinets and appliances. Also check the caulk in the bathroom.
Rot: Jump up and down in the kitchen and bathroom and very carefully walk on top of the roof. The floors and roof should feel stable and sturdy. Push on the exterior walls. Inspect around the cutaway.
Rust: No matter what, rust is common and not necessarily a big problem. However, a rusted frame is a big deal and a costly replacement, so be sure to check the frame.
Sun Damage: If the roof has cracks, bubbles, or splitting paint, it may be irreparable.
DON’T Be Put Off By Minor Issues
Although you should be mindful of any issues found in a used camper, you don’t necessarily need to be put off by the minor ones.
If your budget only allows for a fixer-upper model, that’s okay! It’s a big trend these days to makeover a dud and make it your own. After all, ugly can be replaced and minor repairs can be made. You may feel fine letting things slide if the cost of fixing it up still comes out to be cheaper than buying a better one to begin with.
DO Put Your Finances In Order First
Unless you’re paying all cash up front, you’ll need to take a close look at your budget and figure out how much you can spend each month. Remember, there are quite a few costs to be considered, on top of your loan payment. Depending on the type of recreational vehicle you buy (folding tent trailer, Class C, Class A, etc.), you will have varying purchase and use costs that may include:
Maintenance and repairs
After your budget is set, get approved for a loan if you plan to finance your motorhome purchase. Doing this before you start shopping will make the purchasing process much easier and you’ll be able to get on the road sooner.
Motorcyclists are a special breed, especially those who want to take cross-country motorcycle vacations. Any of the 10 motorcycle trips below can be ridden as an overnight trip or can be the start of a longer adventure. Numbers 8 through 10 are focused on taking a week or more.
This 469-mile US National Parkway is called “America’s Favorite Drive.” With a speed limit of 45 miles per hour, it encourages you to take in the forested mountains and pastures of the Appalachian Highlands. Plan for at least two days. You’ll cruise through the Great Smoky Mountains, Civil War sites, and Shenandoah National Park. If you want to explore even more consider taking the Skyline Drive through Shenandoah National Park for 105 more miles. The spring and fall colors on the trees are some of the best in the country, but avoid weekend traffic.
Take this 167-mile, two-lane road between Brunswick and Machias in any season, though summertime is crowded due to tourists visiting the area. This is a different type of riding experience, which is not about high-speed twists but about taking your time to cruise Victorian towns like Bath, stop in seaside parks like Camden Hills State Park, eat in places like The Lobster Shack in Rockland, and stay at a bed and breakfast. Scenic detours off the route include Acadia National Park and the Owls Head Lighthouse in Rockland.
Bikers often start in Panguitch, Utah, then ride US 89 south-east until hitting Scenic Byway 12, which snakes all the way to Torrey, Utah through 124 miles of spectacular desert and forest. You’ll pass Bryce Canyon National Park—worth seeing with its amazing red spires. Then, you’ll go through Dixie National Forest and the Grand Staircase-Escalante National Monument and end near Capitol Reef National Park. Take your time and enjoy the red and pink rock formations, dried sea beds, forests, and sagebrush flats. Think about staying overnight to enjoy the colorful desert sunsets and sunrises.
Originally a walking trail carved out by bison and the Natchez natives for maximum visibility along a ridge, this ride boasts a consistently great view of rolling hills and cypress swamps for 444 miles between Natchez, Mississippi and Nashville, Tennessee. The modern parkway has two paved lanes, no stop signs, and no trucks are allowed. Plan to stay at one of the many B&Bs and be sure to stop to see Civil War battlegrounds, the original Native American walking trail, a ghost town called Rocky Springs, waterfalls, and the Natchez Trace Visitor Center in Tupelo, Mississippi.
The best section of California State Route 1 to experience from a motorcycle is the 123 miles from Carmel to Morro Bay—rugged coastline that includes redwood forest, beaches, seals, mansions, and hairpin turns. The two lanes, curves, cliffs, and fog in the summer will demand your concentration. Stop at any turnout for a beautiful view. This stretch has very little visual pollution to interrupt the natural beauty of Big Sur. Avoid the traffic of summer weekends, and call in advance to visit Hearst Castle. If you want a longer trip, the highway runs about 655 miles from Orange County to Mendocino County and continues from there into Oregon.
The River Road, one of the most scenic drives in Texas, is a 111-mile stretch of Highway 170 that hugs the Rio Grande from Candelaria to Terlingua, offering plenty of spots to stop and hike in canyons and or walk along the shores of the Rio Grande (watch out for the purple cactus). Hot in the summer, it’s best enjoyed in the spring and fall. You’ll ride past the adobe fortress Fort Leaton, red and purple cliffs, lava formations, and Big Bend Ranch State Park—a good place to camp.
This All-American Road is a 233-mile loop through the San Juan Mountains that passes ski resorts, Mesa Verde National Park, two national forests, and mining towns founded in the 1800s. There are lots of stops for pictures of mountain ridges, peaks, river valleys, red rock canyons, colorful aspens, cliffs, and waterfalls. But watch out for the drop-offs, curves, and sudden changes in elevation, as well as mountain goats, bears, and deer. The town of Ouray is called the Switzerland of America because it’s enclosed by mountains on three and a half sides, is a unique place to visit.
This is a customizable adventure that can take as much or little time as you want. The complete historic route takes you from Chicago to Missouri, then through Tulsa in Oklahoma, northern Texas, and on to Santa Fe and Albuquerque, New Mexico. In Arizona, you can head north from Flagstaff to see the southern part of the Grand Canyon. Before ending at the Pacific Ocean in Santa Monica, California, you can detour to Las Vegas, Nevada and the Mojave Desert in California. For a shorter trip, decide what part you want to see most, such as Albuquerque to Santa Monica, and look up inns, campsites, parks, and attractions along your stretch. Just plan ahead for intense heat in the summer.
This is a scenic highway route that commemorates Lewis and Clark’s Expedition of 1804 to 1806 and includes stops at historic sites from their journey. It begins in the city of Wood River, Illinois and ends at the mouth of the Columbia River in Oregon after 3,700 miles. A full tour can take one to two weeks and offers the huge open spaces of Montana, the forests of the Cascade Range, and the enjoyable curves of roads that occasionally follow the Cascade, Columbia, and Missouri rivers. Enjoy views that look untouched since the days of the Wild West.
This National Scenic Byway starts in Itasca State Park in northern Minnesota and follows the course of the Mississippi River through 10 states, ending on the coast of Louisiana. As it passes through different states, often along US 61, follow the green steamboat wheel road signs that say “Great River Road” to stay on the route. If you want to ride it all, plan for about a week to enjoy the wildlife, cliffs, forests, swamps, and meadows. One of the best things about this route is that bikers in each state cruise their own section, giving you a chance to meet and talk to local riders.
To make sure your next trip is a breeze or just have questions about financing your motorcycle be sure to contact Southeast Financial to talk to us about our great rates and get a fast decision. Get ready to enjoy the freedom of cruising the roads of America!
Grand Canyon RV Parks: The Perfect RV Trip to the Grand Canyon
The Grand Canyon is one of the most impressive landscapes in the world. Formed by the erosive powers of the Colorado River over millions of years, the Grand Canyon stretches for 277 miles through northwest Arizona. At some points, the canyon is a mile deep and 19 miles across. It is truly a wonder to behold.
Last year 6 million people traveled to Grand Canyon National Park to peer over the edge of the canyon and see the sparkling green waters of the Colorado River far below. Many visitors make a day trip from cities such as Phoenix, Arizona or Las Vegas, Nevada, but some people — the lucky ones — set up camp and enjoy all the Grand Canyon has to offer.
Traveling to the Grand Canyon is one of the best RV trips in the west. In addition to spectacular camping and dining, the Grand Canyon has activities for every age and ability. Whether you’re looking for a fun family adventure or a romantic weekend away, you’ll make lasting memories on an RV trip to the Grand Canyon.
About Grand Canyon National Park
Grand Canyon National Park was created in 1919, just three years after the creation of the National Park Service. Though the canyon stretches beyond the boundaries of the national park, the park’s South Rim and North Rim are the best places to get up close and personal views of the Grand Canyon.
The South Rim, located in North Williams, Arizona, is the most popular destination in Grand Canyon National Park. The South Rim consists of Grand Canyon Village: a bustling small town filled with shops, restaurants, and accommodations. Grand Canyon Village is also home to the Grand Canyon Visitor Center and an ideal point to jump on one of the South Rim shuttle buses.
Though located just across the Grand Canyon from the South Rim, the park’s North Rim is a world away. The North Rim takes longer to get to, is accessible only during the summer, and is much quieter than the South Rim. If you’re looking to get away from it all, unplug, and relax in the shade of pine trees as the canyon drops away at your feet, RV travel to the North Rim may be for you.
Where to Camp on the South Rim
Staying on the South Rim of Grand Canyon National Park puts you right in the middle of the action. Families in particular will enjoy the easy access to all of the Grand Canyon Village attractions at one of these Grand Canyon RV Parks.
Trailer Village is a campground that features full hookups (water, sewer, and electric) for RV’s. Trailer Village offers pull through sites for RV’s up to 50 feet in length. You’ll appreciate how close you are to the canyon rim, and the ability to run your RV’s air conditioner on a hot summer day. The Grand Canyon, after all, is in the desert! Trailer Village is open year-round and sites sell out quickly during the spring, summer, and fall. Be sure to book well in advance.
For a more rustic experience, check out nearby Mather Campground, run by the National Park Service. This campground is tucked into the trees and provides nicely shaded sites for RV’s up to 30 feet long. You won’t find any hookups at Mather Campground, so be prepared for camping off-the-grid.
If you don’t mind a commute into the park, make a reservation at the Grand Canyon Railway RV Park. This well-run park in Williams is clean, within walking distance to a brewery, and RV guests have access to the nearby hotel’s pool and hot tub.
Where to Camp on the North Rim
Camping on the North Rim opens each year in May. The quiet North Rim Campground can accommodate RV’s up to 30 feet long, and the spacious sites provide privacy from your neighbors. There are no hookups at the North Rim Campground, but there are bathrooms with running water. A small general store is nearby allows you to stock up on marshmallows, chocolate, and graham crackers for s’mores at your campfire.
Whether you visit the South Rim or North Rim, an RV trip to the Grand Canyon will give you a front-row seat to this natural wonder without sacrificing any creature comforts. A trip to the Grand Canyon will generate memories that you’ll cherish for years to come.
When you bought an RV, you thought you were buying a lifestyle. You’d travel, wear cashmere and boat shoes, and call everyone younger than you “Skip.”
Joking aside, there is a certain wanderlust that attracts a lot of different people to traveling in RVs. On top of all the other benefits that come from RV ownership, you’re also entitled to a few tax breaks.
Not many of RV owners know that they can claim these breaks on their taxes, and it ends up costing them perhaps thousands each year. Today, we’ll take a look at some of the most common tax deductions for RV owners, when you should use them, and most importantly, how.
If you want to read the code for yourself, you can see the most up-to-date information about mortgage interest deductions straight from the IRS.
It’s a Second Home
If you bought your RV using a loan from your bank or credit union, you’ve been paying interest on that loan since day one. While no one likes paying interest, it actually benefits you in this situation because of a provision in the tax code that does so.
If you’re a homeowner, you’re aware that you can deduct interest paid on a mortgage. This saves thousands of dollars a year by itself.
Now, if you own more than one home, you can deduct that interest paid as well. And guess what? An RV counts as a second home. Of course, there are a few contingencies in place to make sure that this tax break isn’t abused. You need to have permanent sleeping, eating, and bathroom facilities in place to claim your RV as a legitimate second home deduction. Unless you took all of those features out of your RV when you bought it, you’re fine.
With the rise in remote workforces across corporate America, more and more people are learning about various opportunities to write off everyday expenses on their taxes. If you’re self-employed, things only get better.
For a remote worker, for example, you can write off things like your laptop, cell phone, internet, and other services or goods that are vital to your doing your job. Whether or not you can write off travel is dependent on the situation, so you’ll want to talk to a tax expert on that.
If you’re self-employed, though, and spend time working in or traveling in your RV to generate income, then every RV-related expense is something you can write off. Gas, food, regular maintenance, RV pad fees – you name it, and you can write it off as an RV tax deduction.
The point of all these tax breaks isn’t to give people who can afford an RV special treatment. Rather, they exist to help everyone in similar situations. The same breaks RV owners benefit from may help others in different circumstances.
If you want to learn more about how to write these expenses off on your taxes, or financing and RV, feel free to get in touch with us today.
Choosing an RV can be a remarkably overwhelming process, what with so many different kinds and class types. With the help of this guide, you’ll have no problem choosing the best recreational vehicle for a lifetime of adventures.
In this comprehensive review, you’ll learn the answers to these common questions:
What are the different types of RV trailers and classes?
What are the different types of motorhomes?
What are the different types of travel trailers?
What are the pros and cons of each RV type?
Whether you’re searching for your new home on wheels, or you’re looking for the best motorhome to bring you closer to nature, this guide will help you determine which recreational vehicle is best for you!
2 Standard Types of RV Trailers
The type of recreational vehicle you choose will greatly depend on what you intend on doing with the RV, how often you plan on using it, and how many people will be with you during use. While there are many different types of RV trailers, the list can be organized into two popular categories, which we will cover in detail.
Motorhomes are typically the largest and most expensive type of recreational vehicle complete with additional storage space, a roomy interior, and hookups for plumbing, appliances, and other amenities. This RV option is for the truly dedicated travelers who plan on spending a whole lot of time in their home on wheels.
Pros of owning a motorhome
Provides ample space with a roomy interior and slideouts.
Operates as one whole unit, which provides freedom to move about the motorhome during travel.
Plumbing and appliances make for a comfortable home away from home.
Cons of owning a motorhome
Difficult to maneuver and park due to a motorhome’s large size.
More expensive to own, insure, and repair than a travel trailer.
Eliminates the ability to take day trips unless a separate vehicle is brought along with it.
Travel trailers combine convenience and affordability in five different forms of towable RVs that hitch onto the back of your vehicle. A truck, SUV, or minivan with towing capabilities is required to own this type of recreational vehicle.
Pros of owning a travel trailer:
A less expensive option to purchase, maintain, and repair.
Requires the use of a towing vehicle, which can be used for day trips and quick errands.
Easier to maintain, clean up, and store when not in use.
Cons of owning a travel trailer:
Requires an additional vehicle that is capable of towing a travel trailer
Requires an experienced driver for maneuvering in restricted areas
Provides less passenger space that isn’t accessible during long trips.
Once you’ve chosen your preferred type of RV trailer, whether it be a motorhome or a travel trailer, you’ll need to get even more specific before making the final decision. Below, we’ve provided a comprehensive breakdown of the different RV class types.
Popular Motorhome Class TypesType A Motorhome
A type A motorhome is king of the road, as it is the largest and most expensive recreational vehicle one can buy. This is the best motorhome class for the dedicated travelers who spend almost more time in their motorhome than they do their actual home—if they still have one. Type A provides a seemingly endless list of possibilities for amenities and additional space, which makes it perfect for large families and cross-country road trips.
Despite its size, a type A motorhome does not require a special CDL license to operate, but it will require a confident and experienced driver.
Type B Motorhome
A type B motorhome (a.k.a. a camper van) is a more practical option for many due to its smaller size. Although the interior is often cramped, most campervans offer enough room for one or two passengers to sleep comfortably and walk upright. In the limited space available, you’ll often find basic accommodations such as a small kitchen space, a working refrigerator, running water, and even heating and air conditioning.
A type B motorhome is a perfect choice for couples without kids or small families who take occasional trips.
Type C Motorhome
A type C motorhome can range from 20 to 33 feet long and is a pleasing compromise between type A and type B motorhomes. In these mid-sized RVs, you’re likely to find a comfortable living space with additional sleeping quarters in various styles of fold-out beds. You can expect a range of accommodating features and amenities such as a decent-sized kitchen, running water, and more. A type C motorhome is a more budget-conscious option for large groups or families.
Popular Travel Trailer Class TypesTeardrop Trailer
A teardrop camper trailer is a 1930’s style trailer in the shape of a teardrop. It’s compact, lightweight, and easily towed by most vehicles with a hitch. A teardrop trailer provides enough space for two people and a small amount of luggage, and most models come with a gallery for cooking at the rear.
The hybrid trailer is a hybrid between a tent and a trailer (hence its name). The model is crafted with rigid sides and pull-out sleeping quarters that resemble tents. The hybrid trailer is lighter than most RV types and can be towed by common family vehicles.
A Fifth-wheel trailer is designed with an in-box hitch that attaches the unit to a pickup or truck so that part of the trailer extends over the truck bed. This RV type is usually equipped with the amenities one can expect from a motorhome, while also providing plenty of sleeping space for a family or group.
Whether you choose a full-sized motorhome and all its amenities, or you find the perfect fit in a lightweight travel trailer, Southeast Financial can provide you with the help you need to finance your dream recreational vehicle. Contact us today for more information!
Selling a boat is a bittersweet moment – unless, of course, you’re buying a new boat.
But either way, selling your current boat can quickly become a headache if you don’t go about the process the right way.
The most important thing to do is to sell your boat as quickly as possible. The longer it sits, the longer it goes without the regular maintenance a boat requires. Boats are notorious for depreciating in value quickly, but that process only accelerates the more your boat sits while waiting to be sold.
So what can you do to sell your boat fast? Let’s go over a few tips.
The Price is Right
“What is my boat worth?”
That’s a question every boat owner needs to ask and answer before they get ready to sell. The biggest problem boat owners have when trying to sell something on their own is that they don’t price it right. Owners usually think that their watercraft is worth a lot more than it really is.
So, how do you know how to price a boat effectively?
If you choose to sell it on your own, instead of a trade-in to a dealer, then it’s a good idea to call dealers and brokers to get a feel for the price points boats are selling at. Once you figure out where your boat sits, based on age, engine hours, and more, then you’re able to more effectively price what you’re offering.
You’ll almost always want to price it higher than what you’ve decided is your “bare minimum.” That gives you some negotiation room to make buyers feel like they’re getting a deal.
Clean that Thing
Selling a boat is just like selling a car – first impressions are everything. If your boat doesn’t look like it could’ve just rolled out from the dealers parking lot, you’re not getting top dollar for it. If you really want to sell your boat, you’ll take the time necessary to clean it thoroughly.
A few things to check off on your cleaning list include:
No cracked vinyl on the seats
Clean windows and gauges
Clean carpet or floor
None of your belongings (fishing tackle, water sports equipment, etc.,) left behind
Engine prop cleaned
Engine oil replaced
Full tank of fresh gas
Doing these little things is a surefire way to help your boat sell quickly.
Reach the Right People
Once your boat is priced right and it’s clean, it’s time to let everyone know that it’s for sale.
Local online classified sites are a great place to start but don’t overlook Facebook yard sale groups. These groups are incredibly active, with people always looking for a great deal. If you can price your boat right, you may have it sold within a few days if you post it in a Facebook group.
You can always park the boat near a high-traffic area to generate interest that way, but you run into the problem of potential damage to the boat. Keeping it at your home, or in dry storage, is the best option.
Selling your boat isn’t a process that has to instill fear or dread in you. It’s simple, straightforward, and if you do it right, you’ll have the boat sold quickly and walk away with a bit of extra change in your pocket.