Rates from 8.9% APR. Representative Example: Borrow £12,000 over 5 years with a £0 deposit. Representative 19.5% APR fixed rate. Monthly payment: £304.38. Option to purchase fee £10 payable. Total cost of credit: £6,272.80. Total amount repayable: £18,272.80.
Car Finance 247 Limited is a credit broker, not a lender.
Caravan finance works just like any other loan. You borrow a certain amount of money from a lender to help you buy the caravan, and you agree to repay the loan over a specified period, with interest. The loan can be secured or unsecured depending on the lender and your financial situation. A secured loan is a loan that requires some sort of collateral to be attached to it, such as a car, a home, or another valuable asset that you already own. This is to provide a level of security for the lender, as they would be able to repossess the asset if you default on the loan payments.
Whether you’re looking for a touring caravan to take to the coast or a six-berth that’s big enough for the whole family, we could help you find caravan finance.
We’ll work to find you the best deal from our panel of lenders but there are two main types of finance available:
HP Finance – Hire Purchase is a type of vehicle finance where the loan is secured against the caravan. You’ll pay back the loan in monthly instalments and, once you’ve covered the ‘Option to Purchase’ fee, the caravan will be all yours.
PCP Finance – Personal Contract Purchase breaks down the loan into monthly repayments but offers more options than hire purchase. At the end of the agreement, you can choose to hand the caravan back, use any positive equity as a deposit in a new deal, or pay the ‘balloon payment’ to buy it.
If you’re ready to hit the road in a touring caravan, we’ll look to get you away on an adventure as soon as possible.
Whether you’re looking for a Bailey Olympus, Swift Charisma, Elddis Avante, Hobby or any other model, if you find it at a reputable dealership, we’ll look to help you find a touring caravan loan.
Unfortunately, we don’t currently offer static caravan loans or finance.
Looking for touring caravan finance? Our panel includes lenders that can provide loans for a caravan, subject to approval. Get your no-obligation quote today.
Just like caravans, we know that credit scores can come in all shapes and sizes. If you’ve ever missed a payment, fallen into mortgage arrears, or had a County Court Judgement (CCJ), then you may have poor credit.
But that doesn’t mean you have to give up on finding finance for a caravan. We may be able to help you find bad credit caravan finance, even if you’ve been refused elsewhere!
There’s no judgement here. We’ll do our best to find a deal that’s right for you, no matter your credit history. It’s not all about your credit score either. We’ll consider all your individual circumstances. Credit is subject to status.
“Caravan finance is a wonderful choice because it gives you the freedom to go on your adventures without draining your savings upfront. You can spread the cost over time, making it easier to enjoy the freedom and excitement of owning your own caravan”
Looking for a new caravan but don’t have a lump sum to put down as a deposit? We could still help!
Our panel of lenders does include those who can offer 0 deposit finance, subject to approval. Your account manager will advise you of the options available to you and let you know whether we can find you a no deposit deal.
We look to find the best rate from our panel of lenders and will offer you the best deal that you’re eligible for. We will be paid a commission for providing our services and this commission may be a fixed amount or a percentage of the amount borrowed. The interest rate you pay is directly linked to the amount you are borrowing and your individual credit status.
