It’s been a great year for caravan, camping and leisure shows as the event sector returns to more normal arrangements following several years of COVID-19 disruptions. The calendar has been packed with events across the country and there is still a few more shows to come before the end of 2022. If planning to attend a caravan and camping show to purchase a RV, buyers can be ready by applying for pre-approved caravan finance from Jade Caravan Finance.
In the current environment, there are numerous compelling reasons as to why being prepared with finance ahead of purchasing can be advantageous and astute. Reasons around limited availability, rising interest rates and assisting with buying decisions.
The caravan manufacturing sector was seriously impacted by pandemic-related issues. Issues with supply chains and lockdown restrictions limited their ability to operate to their full extent. Campbellfield in Melbourne is a major hub for caravan manufacturers and Melbourne had the longest lockdowns of any area in Australia.
This coincided with a surge in demand for caravans as Australians looked to travel and holiday alternatives with international and many domestic borders closed. That alternative was buying a caravan. Demand soared just at the time when manufacturers had production restrictions. So availability of new caravans has been limited with long delivery times reported on some makes and models.
While many manufacturers appear to have recovered and several have expanded their facilities to cater for the increased demand, availability may still be an issue. By having finance already arranged, buyers are well-placed to say YES and sign the sales contract the moment the find the right van which is ready for sale. That could happen at a caravan show.
It is quite common for exhibitors at shows to offer special show day deals. At recent shows, there have been manufacturers offering ‘ready for immediate delivery’ models. But they have been in limited supply. So the first-in with their finance can capture these opportunities.
Pre-approved finance can greatly assist buyers with selecting a make and model at a price that actually meets their budget. Rather than committing to a RV at a price where the loan may put pressure on the budget. At a time when costs of living are putting enough pressure on household budgets, very few would be wanting even more pressures.
Another compelling reason to buy now with pre-approved finance is the current interest rate climate. The RBA is in the process of increasing rates to counter soaring inflation. The effect is increases in rates across many markets. Buying now at our current cheaper caravan interest rates may save buyers higher rates in the future.
Arranging Pre-show Finance
Armed with that information, keen buyers that are intending to visit and purchase at an upcoming caravan show may choose to apply for pre-approved finance now. Essentially pre-approved caravan finance includes the same features and interest rate as loans that are applied for after the caravan purchase commitment has been made.
Our Secured Caravan Loan will suit most buyers and most new RVs. The nuance with a pre-approved loan is in knowing the exact amount that will be required for the finance. Buyers will usually have a general idea of the price of the caravan or vans they are considering. Most manufacturers will display price indications on their website. But as many vans are finished to buyer requirements and if the buyer chooses to add upgrade packs and extras, the final cost may not be known until the details are worked out with the dealer.
In this situation, we arrange pre-approved loans based on an estimated loan amount. We then source the cheapest quote and on acceptance of that quote, process the application through to the ‘approved’ stage.
With the finance approved, the buyer can proceed to source a caravan with a price that is in line with the approved loan amount. The entire pre-approved loan process can streamline the purchase process and offer significant benefits for buyers.
End-of-Year Caravan Show Schedule
There are a number of shows scheduled across several states in these final months of 2022:-
- Melbourne Leisurefest, 6-9 October, Sandown Racecourse
- Canberra Caravan and Camping and Lifestyle Expo, 21-23 October, Exhibition Park
- Adelaide 4WD and Adventure Show, 21-23 October, Adelaide Showgrounds
- Let’s Go Brisbane – Caravan and Outdoor Sale, 27-30 October, Bowen Hills
- Bendigo Leisurefest, 18-20 November, Bendigo
- Penrith Lifestyle, Leisure Roadshow, 25-27 November, Penrith Showground
Be ready for a great summer caravan holiday by arranging finance before buying.
Contact Jade Caravan Finance on 1300 000 003 for pre-approved caravan finance
DISCLAIMER: THE DETAILS AND INFORMATION IN THIS CONTENT ARE PREPARED AND PRESENTED PURELY FOR INFORMATION AND NOT INTENDED IN ANY WAY AS THE SOLE SOURCE OF FINANCIAL ADVICE FOR CARAVAN PURCHASING. IF ADDITIONAL FINANCIAL ADVICE IS REQUIRED, READERS SHOULD REFER TO A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY ERRORS, PRODUCT DESCRIPTION VARIATIONS, OR OTHER MISREPRESENTATIONS OF INFORMATION AS PRESENTED.
