Motorhome Finance

Motorhome Finance

The decision to buy a motorhome is a very exciting one to make with endless possibilities. Will you go exploring the countryside with your family? Throw caution to the wind and go on a solo adventure of self discovery? Or maybe it’s just something you’d like for small weekend getaway trips to the beach. Whatever purpose it serves, a motorhome is undoubtedly one of the biggest purchases outside of your home that’ll you make, so finding the right one is important.

But sourcing motorhome finance can be tricky, as conventional methods such as a bank loan can end up costing too much interest. If you borrow against your mortgage, you could end up putting your home in jeopardy.

So where can you go to finance your new motorhome? With a caravan finance broker that specialises in motorhome finance!

But sourcing motorhome finance can be tricky, as conventional methods such as a bank loan can end up costing too much interest. If you borrow against your mortgage, you could end up putting your home in jeopardy.

So where can you go to finance your new motorhome? With a caravan finance broker that specialises in motorhome finance!

Why choose Caravan Finance Specialists for your motorhome finance?

At Caravan Finance Specialists, we aim to streamline the loaning process to be as simple as possible. As specialists in our field, you can rest assured that we’ll find you the best deals on motorhome loans. We understand that a motorhome is a big investment, and that applying for a loan be time-consuming and stressful. That’s why we work hard to ensure you get the best rate possible as quickly as possible. With a simple application process, you can get ready to kickstart your dream lifestyle

Motorhome finance options

Secured Motorhome Loans

A Secured Motorhome Loan usually offers the most competitive rate for payments as the lender has collateral or ‘security.’ Using the motorhome as security, a lender can offer a low interest rate as the loan is considered low risk. If you’re looking to purchase a more expensive motorhome that you’d like to pay off for a longer amount of time, a secured loan is the best option. This is also a good option if you have a bad credit history or are on a low income.

Unsecured Motorhome Loans

An unsecured motorhome loan is a good option if you don’t wish to put forward an asset as security. Considering it comes with more risk for the lender, an unsecured motorhome loan rates will often come at a higher interest. This option would also rely more on your credit history and annual income, as the lender will have to determine whether you’re able to pay back the loan.

Motorhome finance bad credit

Worried about getting knocked back for your motorhome finance loan because you have bad credit? At Caravan Finance Specialists, we’re all about second chances. We work with dozens of lenders who are willing to offer reasonable motorhome loan rates to customers with bad credit, for interest rates that won’t break the bank.

Get started on your motorhome loan

You’ve decided on what sort of motorhome you’d like to buy – now what? Once you’ve figured out how much money you’ll need to borrow, you can check on our Motorhome Finance calculator which can work out your average monthly repayment rates. You can then contact us for more questions or send in an application form, and a member of our team will get in touch to discuss some options with you and guide you through the loan process. If a monthly repayment is agreed upon and the lender approves, you can expect to have the money transferred to the motorhome seller – it’s as simple as that!

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