If you’re ready for an adventure and a caravan could make that dream come true, there’s just one little thing left to think about– the money. Or perhaps it’s not such a little thing after all, as the price of a caravan is often relatively high, and not everyone can pay the whole lot at once.
There are many caravan loans available on the internet. But how do you go about finding the best one with a reasonable interest rate and that preferably won’t affect your credit rating? Carplus knows how! We’ll offer you numerous finance options at the market’s best interest rates!
Assuming your credit profile is
|Car finance rate||XX% APR|
|Cost of credit||£ XXX|
|Total repayment||£ XX,XX.XX|
|48 monthly payments of||
£ 245 /mo
Representative example - Borrowing £5,500 over 4 years with a representative APR of 19.8%, and a deposit of £0, the amount payable would be £162 per month, with a total cost of credit of £2,282 and a total amount payable of £7,782.
Anyone who’s been looking into caravans lately knows that the options and configurations are many. Caravans come in an abundance of shapes and sizes. You can go for a small touring caravan that will be the right size for a couple, or you can go all out and get a four-berth, which will easily host your entire family – maybe even with some extra space left over.
While travelling around the country in your mobile home is alluring, you’ll need to consider caravan finance options first. They are also numerous, which is great news: you can find the one that suits you best.
The alternatives vary in terms of their interest rates, duration, and other conditions like collateral. Terms may vary depending on your credit profile. The better your credit rating, the more lucrative the terms.
Nonetheless, it’s possible to find good loans that work for everyone. If you don’t know how, we do, and we’re eager to help. We’ll provide you with a number of options to choose from based on your financial needs.
Getting caravan finance online doesn’t differ much from getting finance for any other type of vehicle. You either take out a loan and then buy your caravan or agree to take a loan from a registered dealer. The loan is then repaid, typically every month. The monthly instalment depends on the amount you’re borrowing and your personal financial history– or how much you can pay back every month.
Carplus offers several caravan loans to choose from. To apply, you need to provide us with the following data:
After that, we will find loan options based on your circumstances. You choose the loan, apply, get approval, and receive the funds to buy your caravan.
The caravan finance calculator is a useful tool to estimate the cost of your monthly instalments. Specify how much you want to borrow, for how long, and the calculator will give you an estimation of how much you can expect to pay each month.
You can tweak the duration and loan amount to find the best option for your financial circumstances. Don’t forget that it’s just an estimate and it can change based on your credit profile.
To get caravan finance from Carplus:
Additionally, we will ask for your:
If you’re not yet sure whether Carplus finance from Carplus is for you, here are a few things to bear in mind:
Carplus doesn’t charge any fees, except for an interest rate. The interest rate depends on your credit profile, deposit, loan repayment period, and other such factors.
Yes, you can get a caravan on finance if you are eligible. The minimum requirements are that you’re at least 18 years old, have a minimum monthly income of £1,000, and have been a UK resident for at least 12 months.
Typically, you can sell a caravan if it’s on finance if the monthly instalments will still be regularly paid.
No, Carplus can’t get you a static caravan on finance. But we can help you to get a touring one.
You will have to repay more than you borrowed; the full amount will depend on your interest rate. To get a rough estimate, use our caravan finance calculator. For more accurate information, request a quotation.