Finance My Motorhome or Caravan
Representative Example
Rates from 9.9% APR, Representative APR 21.4%. Borrowing £10,000 over 60 months with a representative APR of 21.4% fixed rate, monthly payment £260.83, Total cost of credit £5,650, total amount repayable £15,750.Presto Finance Ltd is a credit broker, not a lender.
How Does Caravan Finance Work?
Caravan finance operates similarly to other types of loans. You borrow a specific amount from a lender to purchase your caravan and repay it over an agreed period, including interest.
Loans can be either secured or unsecured, depending on the lender and your financial circumstances. A secured loan requires collateral, such as a car, home, or another valuable asset, to provide security for the lender. This means the lender could repossess the asset if payments are not made as agreed.
Get your no-obligation caravan finance quote in just 60 seconds!
Types of Caravan Finance
Whether you're after a compact touring caravan for weekend getaways or a spacious six-berth for the whole family, we can help you find the right finance deal from our panel of lenders. Here are the two main options:
Hire Purchase (HP):
With HP, the loan is secured against the caravan. You'll make monthly repayments, and once the Option to Purchase fee is paid, the caravan becomes yours.
Personal Contract Purchase (PCP):
PCP offers more flexibility. You make fixed monthly repayments and, at the end of the term, you can:
Return the caravan.
Use any positive equity as a deposit on a new deal.
Pay the balloon payment' to take ownership of the caravan.
Ready to start your journey? Get your caravan finance quote today!
