When deciding to purchase a new RV, buyers are spoilt for choice with the huge selection on offer. Australia has an extremely strong and innovative RV manufacturing sector with models to suit all types of travellers. One of the big decisions for many buyers will be – a caravan or camper trailer. That decision may hinge on the financing. Being able to easily compare camper trailer and caravan loans may assist the decision process.
RV financing experts, Jade Caravan Finance provides buying tools, resources and a calculator to empower buyers to easily compare camper trailer and caravan loans. Our resources are readily accessible online and supported by our expert team of consultants who are available by phone to answer questions, provide quotes and secure cheaper interest rate caravan loans.
General Buying Considerations
In addition to finance considerations, buyers need to consider practicalities as well as compare camper trailer and caravan loans. Issues such as a vehicle suitable to tow the RV, ease of handling and towing, the size, facilities offered and storage of the vehicle when not in use.
Specialist RV websites can provide a range of articles and advice to assist buyers in selecting the right RV to suit their plans.
Compare Camper Trailer and Caravan Loan Types
A range of lending sources are available for financing RVs – finance companies, banks, dealers, manufacturers and broker-style lenders like Jade. We provide a comprehensive service in covering more lenders to deliver the cheapest rates and most suitable loan options.
The variations in the market can be with the loan format, the rate, the terms and conditions and the approval guidelines. By handling the entire process, we find the loan that best suits you and your vehicle.
The good news is that our Secured Caravan Loan will suit both new camper trailers and all variations in caravans. This secured format loan allows the RV, regardless of type and model, to be the collateral against the finance. Many buyers will not need to provide additional security. Fixed monthly payments are made over the fixed term.
Where a camper trailer or caravan is not deemed suitable security by a lender or if the buyer does not offer the vehicle as security, buyers can consider an Unsecured Personal Loan. This also can be used for both camper trailers and caravans.
Compare Camper Trailer and Caravan Loan Interest Rates
The interest rate offered on loans for both camper trailers and caravans will be based on the lender's assessment of the individual application. With used RVs, the age and condition of the vehicle are considered as part of that assessment. But in general terms, the creditworthiness of the applicant and the strength of security and financials will be the key determinants of the rate offered. The amount being borrowed can also impact the rate offered. To reduce the amount required, buyers may consider paying a larger deposit.
While the determining factors may be fairly standard in consumer finance, the interest rates offered on caravan loans are not. Rates vary across the lender market as can be seen in our comparison table. As specialists in the RV market, we cover more than 80 lenders to ensure we secure the cheapest rates for our customers.
The type of vehicle – camper trailer or caravan, typically would not impact the interest rate offered on the loan.
Calculate Repayment Comparisons
With loan types and rates the same for loans on camper trailers and caravans, the price point may be the key differential in finance. Comparing the options for each type of RV can be done easily with our Caravan Finance Calculator.
Buyers simply need to obtain price estimates for each of the vehicles they are considering and they can start using our calculator. It is available as an online tool so can be used from any device with online connectivity.
The price for the camper trailer or caravan plus any extras that are wanted, can be used as the loan amount in the calculator. The rate, as mentioned above, can vary for individual buyers. To calculate estimates, use our current cheap rates as a guide. The term may be the number of years you would like to repay the loan – this will be subject to lender approval.
Once all the fields are completed, an estimated monthly repayment amount is shown. If you're concerned about caravan finance poor credit options, it's worth exploring lenders that cater to this need. Complete the process for each of the camper trailers and caravans on your wish list to compare the loan options. Note, that the calculator has no memory, so you will need to write down the results obtained for each of the makes and models calculated for comparison reference.
Comparing loan options with our calculator is easy and obtaining quotes specific to your requirements is also easy – just phone Jade Caravan Finance.
To compare camper trailer and caravan loans, contact Jade Caravan Finance for quotes.
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.
