Can You Claim Interest Paid On A Camper? Under the U.S. tax code, RV buyers can deduct the interest on certain loans used to purchase RVs as a mortgage on a second home. RVs qualify for a second home mortgage interest deduction because they are a popular weekend and vacation ‘home’ for middle-class Americans. Can
How Good Does Travel Traers Hold Value? Travel trailers and 5th wheels seem to hold their value a little bit longer because they don’t have the motor and mechanics that motorhomes have. On average, if you are buying a brand new travel trailer, you are going to lose about 20% of the value in the
How Much Does A Camper Depreciate Each Year? There are some factors that affect depreciation of course but on average depreciation currently works out at something like 8% per year, except for the first year. The depreciation on a brand new motorhome is more like 10 -15% depending on the make and model. How much