Rates from 8.9% APR. Representative Example: Borrow £12,000 over 5 years with a £0 deposit. Representative 19.8% APR fixed rate. Monthly payment: £306.04. Option to purchase fee £10 payable. Total cost of credit: £6,372.40. Total amount repayable: £18,372.40.
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.
At Car Finance 247, used car finance is all about helping people improve their everyday lives. We believe that everybody deserves a feel-good car buying journey. We’ll use our experience to find the best deal from our wide panel of lenders. Because when it comes to finding car finance, we go the distance.
Plus, you’ll have a dedicated account manager on hand to help guide you through the process, so there’s nothing to worry about.
Whether it’s sorting out the school run, getting that big boot for the big shop, or a car you’re proud to park outside the office, we’ll work to find you the best deal from our panel of lenders, even if you have bad credit. Credit is subject to status.
You can apply for finance through Car Finance 247 if you’re over 18 years old and have a minimum of three years’ address history in the UK.
We work with lenders that can finance amounts between £2,000 and £25,000.
The paperwork that you’ll need to support your finance application will depend on the lender that approves you in principle but, in general, they’ll need to see:
Your account manager can sort all the admin for you and will let you know if your lender needs any additional paperwork.
You can head over to the finance calculator to get an estimate of your monthly repayments, but we’ll only be able to give you the exact amount once you’ve completed an application form and chosen the motorhome you’d like to buy. This is because your monthly finance payment amount will depend on how much you want to borrow, how long you want to pay it back, and your credit score. You will be able to review all the details before agreeing to a deal.
At Car Finance 247, we can’t help you find finance for a brand-new vehicle, but you can choose a used motorhome from any reputable UK dealer. Some lenders do have restrictions on the age and mileage of the vehicle that they’re willing to finance but, in general, you must choose a vehicle that has no more than 100,000 miles on the clock and will be less than 18 years old at the end of the agreement.
If you already have a motorhome with outstanding finance, you might still be able to get a new one. We work with a panel of lenders and some of them can offer refinancing loans. When you refinance, you’ll take out a new deal and settle your existing finance with a one-off payment. Depending on the agreement, this payment might be covered by the new lender or incorporated into your new loan amount.
Yes! At Car Finance 247, we work with a panel of lenders including those who can help self-employed people find finance.
Yes, you can pay monthly for a motorhome if you finance it with a loan. The loan will be structured with monthly payments, allowing you to spread the cost of the motorhome over time – ideal if you can’t or don’t want to pay for the full purchase price upfront.
Motorhomes are usually financed with specific motorhome loans rather than mortgages, as they are not technically considered as real estate. Motorhome loans work in a similar way to traditional car loans, where you make monthly payments over a set period of time towards eventual ownership of the motorhome.
Yes, you can get a bank loan or a personal loan for a motorhome. Many banks offer loans specifically for motorhome purchases, either as secured or unsecured loans, depending on the bank’s policies and your financial situation.
The average life of a motorhome can vary depending on the make, model, and maintenance, but it typically ranges from 10 to 20 years. Proper maintenance and care can help extend the lifespan of a motorhome.
Some cons of owning a motorhome include high upfront costs, ongoing maintenance and insurance expenses, and storage challenges when the motorhome is not in use. Additionally, motorhomes may depreciate in value over time, and some people find them cumbersome to drive and park. All of these elements are worth considering if you’re thinking about buying a motorhome.
People usually afford to buy a motorhome through a combination of savings, trade-ins of other vehicles, and financing. Many choose to finance the purchase with a loan or specific motorhome finance packages, spreading the cost over a set period with monthly payments.
The cheapest way to own a motorhome is to buy a used model in good condition, which can reduce the upfront cost. Additionally, maintaining the motorhome well and shopping around for affordable insurance and financing can help minimise ongoing expenses. Having a larger deposit can also help reduce the overall cost if you finance the motorhome, as this usually means you will pay less interest over the loan term.
People usually finance a caravan with loans specifically designed for caravan purchases. These loans may be secured or unsecured and come with various terms and interest rates. Borrowers typically make monthly payments over a set period.
In most cases, if you live in a motorhome permanently, you may be required to pay council tax. This can depend on local regulations and whether the motorhome is stationary in a specific location or frequently on the move. If you’re not sure, it’s always best to check with your local council to make sure you are not in violation of any council tax rules.
In many countries, you can drive a smaller horsebox on a standard car licence, so long as it does not exceed certain weight limits. Larger horseboxes may require a commercial driver’s licence or additional endorsements. Always check your local regulations to ensure you are driving within the legal requirements.
