Caravan Finance

Common Questions about Caravan Finance

• Can I get finance for a second-hand caravan or one from a private seller?

  Yes, we offer finance options for second-hand caravans and those purchased from private sellers. Whether it’s a vintage caravan or a great deal from a private owner, we’ll handle the additional checks, like verifying ownership and the condition of the caravan, to make the process smooth and secure.
  
  If you’re buying from a private seller and don’t want to offer the caravan as security, some lenders also offer personal loans, which can provide extra flexibility, especially for lower-value or older caravans.

• How much deposit do I need to buy a caravan on finance?

  The deposit amount varies depending on the lender and loan type. Some lenders offer 100% finance for eligible borrowers, especially if you’re opting for a secured loan, meaning you may not need a deposit at all. For others, a deposit of around 10-20% of the caravan’s value may be required. We’ll help you explore options that fit your financial situation.

• Does the type or age of the caravan affect my loan options?

  Yes, the type and age of the caravan can influence your loan terms. Newer caravans often qualify for lower interest rates and longer loan terms. For older caravans, some lenders may have restrictions, but we’ll work with you to find a loan that suits your needs.

• Can I include extra costs, like a solar system or towing equipment, in the loan?

  Yes, many lenders allow you to include additional costs, such as solar systems, towing equipment, or other upgrades, in your caravan loan. Let us know your requirements, and we’ll tailor a loan package that covers everything you need for your next adventure.

• What happens if I want to upgrade my caravan before the loan is paid off?

  If you’re looking to upgrade, you may be able to trade in your current caravan and use the proceeds to pay off the remaining loan balance. Alternatively, you can refinance the existing loan and roll it into a new one. Our team can guide you through the best options to upgrade without hassle.

• How do caravan loans work if I’m self-employed or have irregular income?

  We work with lenders who specialise in helping self-employed individuals or those with irregular income. You may need to provide additional documentation, such as business activity statements (BAS) or tax returns, to demonstrate your ability to repay the loan. We’ll make the process as straightforward as possible, no matter your income structure.
  
  If providing security is difficult, some lenders also offer unsecured loans, though they may come with higher interest rates depending on your financial profile.

• Will my credit score affect whether I can get caravan finance?

  Yes, your credit score plays a role in determining your eligibility and the interest rate offered. A higher credit score may give you access to better rates, while a lower score could result in stricter terms. However, we work with a wide range of lenders and will strive to find the best loan for your circumstances.

• How long does it take to get caravan finance approved?

  The approval process is usually quick, often taking 24-48 hours if all required documents are provided. We’ll work hard to get your finance approved promptly, so you can start planning your next adventure.

• What if I struggle to make my loan repayments?

  If you’re having trouble making repayments, contact your lender immediately. Many lenders offer options such as temporary repayment adjustments or hardship arrangements. Ignoring the issue could lead to additional fees or impact your credit score, so it’s best to address it as soon as possible. If you are experiencing hardship or are having trouble making your repayments, our team is here to support you and help navigate your options.