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.
Yes, you can get finance for a motorhome, and there are even specialised lenders who offer tailored loans specifically for motorhome purchases. A loan like this usually requires meeting eligibility requirements such as having a good credit score, stable income, and a reasonable debt-to-income ratio. Motorhome finance terms typically range from 5 to 10 years, and you may need to make a down payment of around 10-20% of the total cost of the motorhome.
Looking to finance a motorhome? Whether you’re searching for a Rapido 640 RV, a Bailey Autograph, or a classic VW camper, we’ll aim to find you the best deal from our panel of lenders.
We can help find motorhome loans for people with a range of different circumstances. It doesn’t matter whether you’re looking for a vintage-style campervan or a modern motorhome with all mod-cons, we could help!
There are two main types of motorhome finance available:
Hire Purchase (HP)
With HP finance, you can spread the cost of your motorhome into monthly instalments. Once you’ve finished making all the repayments and paid the ‘Option to Purchase’ fee, you’ll own the vehicle.
Personal Contract Purchase (PCP)
PCP finance is a type of finance that gives you options at the end of the agreement. You can choose to hand the motorhome back, use any positive equity in a new deal, or pay the one-off balloon payment to own it.
Just like motorhomes, we know that credit scores can come in all shapes and sizes. But having bad credit doesn’t mean you have to give up on getting finance for a camper.
If you’ve missed payments in the past, fallen into mortgage arrears or had a County Court Judgement (CCJ), then your credit score could be less than perfect. We could help you find bad credit motorhome finance, even if you’ve been refused elsewhere.
Thanks to our panel of lenders, we can help people with a range of credit histories find the right deal for them. Credit is subject to status.
Ready to hit the road in a new motorhome but don’t have a deposit ready? We could still help!
Our panel includes lenders that can offer 0 deposit finance, subject to approval. If you don’t have a lump sum to put down or a vehicle to part-exchange, your account manager will be able to talk you through the options available.
You can use the finance calculator to find out how much your payments might be. Choose your credit band and enter the amount you’d like to borrow and the time you’d like to pay back the loan. You’ll then be able to see roughly how much you might have to pay each month. Remember, it’s just an estimate; our lenders will take your individual circumstances into account to provide a tailored finance quote.
Whether you’re looking for a motorhome to take trips to the beach, visit family, or head out into the countryside, we’ll work to get the right finance deal for you.
We work with a panel of lenders, so we can look to find motorhome loans for people with a range of circumstances.
Plus, you’ll have a dedicated account manager on hand to help you through the process.
“Motorhomes will often have a large and daunting upfront cost, but this is where motorhome finance can really help! Spreading the cost with flexible monthly payments gives you the freedom to plan your travels and make the most out of your motorhome.”
The level of difficulty you may experience in getting finance for a motorhome depends on your financial situation and credit history. Lenders typically check your creditworthiness, level of income and other financial factors before approving your application. A strong credit score and stable income will improve your chances of getting approved.
The term of your motorhome loan can vary depending on the lender, but it typically ranges from 5 to 10 years. A longer loan term can lead to lower monthly payments, but you may end up paying more interest overall.
The age of the motorhome you can finance depends on the lender's policies. Many lenders prefer to finance newer models, usually no older than 10 years. However, some lenders may offer financing for older motorhomes if they are in good condition.
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.
