The Bureau's latest Climate Driver Update confirmed that La Nina is once again underway in our region. This increases the chance that rainfall in the eastern and northern areas of Australia will be above average during the upcoming spring and summer months. For those who had planned a sunny summer holiday in one location, perhaps it’s time for a rethink. Here’s a thought, purchase a caravan or RV with a cheap interest rate caravan loan and have greater freedom with travel plans to evade areas impacted by La Nina summer rain.
The weather alerts through September in Victoria, NSW, and parts of Queensland have been predominantly for major rainfall. Flooding has been occurring in many parts. Those making holiday plans in impacted areas may like to take note and consider alternatives. Having your own RV offers many benefits with flexibility and freedom with holidaying and travel.
Jade Caravan Finance can assist you in making that happen with finance to purchase a caravan, camper trailer, motorhome, or other type of RV. We present the case for purchasing your own RV and how we assist buyers with cheaper interest rate finance, sourced quickly and easily.
Benefits of RV Ownership and Holidays
There has been a surge of interest in caravan and RV ownership as a result of restrictions on other forms of travel over the COVID-19 pandemic period. With borders shut, many Australians considered their options and selected the caravan lifestyle to explore and enjoy their own backyard.
If the thought of being in a summer holiday location with persistent rain is not your idea of a real break, then consider these benefits of owning your own caravan:-
- Freedom to go to a seemingly endless selection of locations. Look at a map of Australia and plan your trip.
- Flexibility to change plans on a whim. If the weather forecast in the area you had planned to visit is inclement, just turn the steering wheel and head in another direction.
- The investment in a caravan is a long-term proposition. Many, many years of holidays may be enjoyed with the purchase of one caravan.
- A model can be selected to accommodate the number of family or friends you want to bring along.
- There is a vast selection of different types of RVs to suit the places to be visited and the buyer's preferences for luxury, comfort, and capabilities.
- Smaller model RVs are designed to be towed by standard passenger cars, negating the need to upgrade the current vehicle for towing purposes.
- Acknowledged as offering a cheaper way to travel. Do your own cooking, avoid hotel and other accommodation expenses with just the cost of caravan park fees, petrol etc to consider.
- Select an off-road vehicle and stay at free camping sites to further reduce costs.
- With our cheaper caravan finance, the purchase of the RV can be affordable and accessible to many buyers.
Selection and Purchase of Vehicle
There is a vast selection of RVs on the market and Australian manufacturers offer premium quality and finishing. Visit one of the upcoming caravan shows to see some of the latest models and speak with dealers as to availability.
When inspecting vehicles and talking prices with dealers, have our RV Finance Calculator handy. This allows you to quickly receive estimates on possible finance repayments for different priced RVs which can assist with buying decisions.
Most new caravans are built to order which can mean a lag in order and delivery. Supply has been a major issue in the caravan sector as it has with many other manufacturing sectors recently. But there have been dealers and manufacturers offering ‘available for immediate purchase’ models. So there is a possibility of acquiring a ready to go RV in time for a summer holiday.
Caravan Loan Options
Many buyers will require finance to acquire their caravan. For some, it can be the cost of that finance in terms of monthly loan repayments which is the critical decision maker. The interest rate is the major determinant of the cost of a caravan loan. Sourcing and securing the cheapest interest rate finance is therefore the focus.
Affordable Caravan Finance rates do vary across the banks and lender market. There are also variations in the specifics of loans available from different lenders.
As specialists in this area of recreational and leisure goods finance, we do offer specific loans for the purchase of all types of caravans.
For the purchase of new caravans and other RVs, the Secured Caravan Finance will suit most RVs and most buyers. The lender approves the RV as the security for the loan and the repayments are made in equal monthly amounts.
We arrange this loan type with a fixed interest rate, not a variable interest. That is an important aspect to consider when comparing loans from different lenders. The fixed rate will remain unchanged over the full term of the finance. That ensures fixed repayments.
With variable interest rate loans, the rate may alter when the lender adjusts their rates. With the RBA increasing the cash rate over recent months, variable interest rate loan holders may have had their rate and hence repayments increased.
If buying a second-hand caravan with finance, our lenders will assess the age and condition of the RV in reference to the value and loan amount requested in deciding if it represents suitable loan security. If accepted, then the Secured Caravan Loan may suit.
If the RV is not accepted by the lender as suitable loan security, we can assist buyers of used caravans with an Unsecured Personal Loan. The interest rate is higher on this loan than for a Secured Loan. So the total higher interest payable may be a factor to consider when deciding between new and used goods.
Our consultants assist customers with loan paperwork, souring the cheapest quote, negotiating with our lenders for the preferred term and repayment amount and we liaise with RV dealers and lenders to affect streamlined settlement.
So if you’re looking at the weather forecast and thinking, perhaps a change of summer holiday plans is in order, speak with us first about caravan finance to decide if this is a workable option for you.
Contact Jade Caravan Finance 1300 000 003
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.