LOAN OPTIONS
For your new caravan, RV, boat or other lifestyle asset, we offer a variety of flexible loan options that will allow you to finance your purchase on the best terms possible.
FUNDING YOUR LIFESTYLE
We’ve simplified the financing journey for our clients and dealers because we want to get you on the road and enjoying your lifestyle purchase as quickly as possible. Working with a wide network of trusted lending partners, we are dedicated to getting our customers the best deal, for the perfect product, at the right time.
OUR LOAN OPTIONS
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SECURED LOANS
These are the most common type of loan in asset lending as they are often deemed less risky by lenders and offer a better interest rate. This type of loan is secured against something you own (often what you are borrowing for) as collateral. This means if you default on the loan, the lender would be entitled to seize and sell the asset as repayment.
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UNSECURED LOANS
As the name suggests, this is the opposite of a secured loan where no asset is used as collateral. Because there is more risk involved, lenders tend to charge higher interest rates and fees for unsecured loans. However, these loans are still widely available and usually offer better interest rates than a credit card, for example.
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LINE OF CREDIT LOANS
With this type of loan, the lender gives you a pre-arranged line of credit or borrowing sum. You are only charged interest on what you use, so if you don’t use your full line of credit, you will only be charged per what you actually paid for. These loans typically have higher interest rates than secured loans but offer convenience for when you find the right leisure asset.
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DEBT CONSOLIDATION LOANS
Debt consolidation loans are a great tool if you have more than one asset. This type of loan allows you to combine your debt from multiple assets, cars, and credit cards into one loan, hopefully at a lower rate than you were paying separately. Our team can advise you on how to structure your debt consolidation loan.
HOW IT WORKS
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1
REVIEW APPLICATION
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SUBMIT TO LENDER
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FINANCE OFFER
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FINANCE APPROVED
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ADVENTURE BEGINS!
YOUR LIFESTYLE EXPERTS
We know first hand the energy that goes into picking the perfect caravan, RV or camper. When you’re ready to make it happen, our team will be there for you from start to finish. Discover why we’re the most trusted name in lifestyle asset finance.
WHAT OUR CUSTOMERS SAY ABOUT US
YOUR DREAM IS CLOSER THAN YOU THINK
FAQS
HOW DO YOU CALCULATE INTEREST RATES?
Interest rates are generally set by the lenders but each lender may vary based on a number of factors including the credit profile of the borrower, the residential status, the type of loan required and the lenders’ appetite for risk.
CAN I GET FINANCE ON A CARAVAN?
Finance for caravans is most certainly available and offered by many lenders, both mainstream and second-tier or sub-prime lenders.
WHAT KIND OF LOAN DO I NEED FOR A CARAVAN?
Loans for caravans and camper trailers fall under the category of asset lending. The great part of asset lending is that the loan is generally secured against the asset you are purchasing which makes the borrowing process simpler, plus it is seen as less risky to the lender.
HOW LONG CAN YOU FINANCE A CARAVAN FOR?
The term is completely at the discretion of the customer. Most lenders will offer loan terms ranging from 12 months to 7 years in duration with the flexibility to pay out the loan early if required.
CAN YOU GET FINANCING FOR A USED CARAVAN?
While lenders will generally offer finance on second-hand caravans and campers, some factors such as age of the asset may attract a higher interest rate and shorter term offered to the borrower.
HOW DOES FINANCE ON A CARAVAN WORK?
You will be assigned a personal broker who will help you navigate the application process. Applying for finance is relatively painless and once your broker has the information they need from you, they will do the heavy lifting. The best part is, that the majority of the application is undertaken via email or through our website. Your broker will keep you up to date at every stage of the application and they are only a phone, email or text away if you have any questions.
