Help & Advice

Financing a motorhome

Hi, I am interested in buying a Talbot compass motorhome from a local small car dealer. It is an older motorhome vehicle registered on 27/05/94 with low miles for its age (61,000).

It is on the forecourt for £4995.00. I can put £1000 deposit leaving the rest to finance. My credit rating is not brilliant and was wandering would your company be able to help us with this. Thanks Gary

Gary A


Answer

Hi Gary, thank you for your question.

The good news is that we do have specific lenders that help to finance motor-homes. The only issue I can foresee is the age of the motor-home that you are looking at. However, It does seem to have low mileage and you do have a decent deposit so there is hope. We also specialise in helping individuals with a less than perfect credit history.

Please make an application and if approved, you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

Answer correct as of September 2016

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Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

More related questions

Hi, have seen motor home on a forecourt for £35000. I have a deposit of £10000, but my credit history is not great. Can you help?

Answer

Hi Anthony, thank you for your question. As you have such a large deposit, we should be able to help you with finance for a Motor home. We do have lenders that can help those with less than perfect credit histories too, so this isn't necessarily an issue. Please apply when you get a moment. Have a good weekend. Rachel

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Hi, I have a very poor credit rating. I'm looking to purchase a motorhome for roughly £15000 with a deposit of £500. Do you think you could help?

Answer

Hi James, thank you for your question.

We do indeed have lenders on our panel that help people with past credit issues with finance. The amount you can borrow does depend upon your income & will be determined by the individual lender, but we'll try to secure you as much as possible.

Please make an application. If approved, you can choose a motorhome from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

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Rachel Wilson, Underwriting manager

Asset 1 Just get in touch,

we'll try to help Asset 2

Rachel Wilson, Underwriting Manager

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender