Caravan Finance

Getting Easy Access to Caravans Through Caravan Finance

Getting easy access to a caravan is everyone’s dream. After all, we all want to enjoy our holiday on the road and feel at home. Unfortunately, easy access to your caravan can become difficult thanks to financial difficulties. This is thanks to how expensive getting caravan finance can be. You will have to pay thousands of dollars, and a one-off payment might kill your finances.

Well, you do not need to worry about all this anymore. You can now get caravan finance and avoid all these difficulties. With caravan finance, you get a lender who provides the cost price of the caravan to you. You can then proceed to use the money to purchase the caravan. As expected, you promise to pay back the loan in instalments over a period.

At Tienda Camper Rapid, we partner with a wide range of lenders to ensure that you can enjoy easy access to caravan finance. We ensure that you can get the best interest rates and terms under the arrangement. This way, your financial interest is truly protected. Our finance offering is comprehensive, as well as fast. We do not enjoy delay in processing. As such, we ensure that the process can be as seamless as possible. And you enjoy a hassle-free experience.

You can contact us today to get started on caravan finance.

What Are the Available Finance Options?

If you are looking to get caravan finance, there are a wide range of finance options that you can maximise. However, when it comes to personal use, the two popular options are the:

  • Secured Caravan Finance
  • Unsecured Caravan Finance

Secured Caravan Finance

With this option, you get access to the caravan finance after providing or agreeing to provide security for the loan. In this case, the security for the loan might be in the form of a different asset or the caravan itself that you plan to buy.

Now, where it is a different asset, you will need to provide the asset as security for the loan before the release of the loan amount. However, where you intend to use the caravan itself as the loan security, you get access to the loan amount first. However, you will need to have entered into a prior agreement with the lender agreeing to use the caravan as security for the loan.

Under this arrangement, you will get access to a lower interest rate. This is because the lender bears less risk. Even more, you can get access to more loan amount and a longer-term.

Unsecured Caravan Finance

Under this category, you get access to the loan amount without providing any asset whatsoever as security for the transaction. You get access to the loan on the promise that you will repay the amount you borrowed.

Under this category, you will usually need to pay more interest. This is because the lender has to bear more risk under the loan arrangement. You can still get the loan for as long as seven years depending on your lender and the agreement.

Bad Credit Caravan Finance

In most cases, you will need to meet a stipulated credit status before you can get access to caravan finance. Typically, you will need as much as 600 and sometimes 700. However, you might just fall below this credit status.

Well, that is not the end of your caravan finance dream. You can now opt for a bad credit caravan finance. This allows you to enjoy access to caravan finance regardless of your bad credit. All you will just need to do is pay more as the cost of your loan, that is pay more as interest.

Even more, there might be some restriction as to the amount that you can obtain and how long the loan can last for. Regardless, with a strong application, you can complete the purchase of the caravan with finance.

Low Doc Caravan Finance

You might find it hard to provide the necessary documentation to get caravan finance. Well, that should not stop you from getting the finance. You can now apply for a low doc caravan finance that allows you to get the loan with little documentation.

Frequently Asked Questions

1. Do You Require a Deposit to Get Caravan Finance?

This will depend on your choice of lender. While some lenders do not require you to make a deposit, others will request that you do. So, be sure to request and confirm the policy of your lender. This way, you can easily know what you are getting into.

2. Can I Finance a Used Caravan?

Yes, you can finance both old and used caravan. However, in the case of a used caravan, you will need to provide more documentation for its easy identification. In most cases, too, you will need such old caravan to have a useful life between 10 and 15 years. That is, the caravan, although used, can still be functional for that duration.

3. What Are the Requirements to Apply for a Caravan Finance?

You will need a wide range of documentation to complete your application for caravan finance. Note that you might require more documentation in some cases. For instance, where you are getting a used caravan. Regardless, general things that you will need to provide include driver’s license, payslips, signed privacy form, bank statement, and means of identification.

4. How Long Can I Take a Loan for?

The loan duration will depend on your choice of lender and the type of loan. For instance, loans of higher risk to the lender might attract lower term duration. Regardless, your loan term can last between 1 and 7 years. 

So, are you looking to get caravan finance? Tienda Camper Rapid offers a comprehensive service to aid you. No doubt, we can help you. Contact us to get started today.