Recreational vehicles are available in many different styles and models with traditional caravans, hybrids, off-road models, camper trailers, camper vans, toy hauliers and others. The range is ideal to ensure that buyers can select the RV that exactly suits their travel style. But there are also extensive pricing variations that need to be considered. Before buying, many purchasers will want an estimate or even approval on their caravan loan. Jade Caravan Finance provides an online easy-to-use calculator and a pre-approval service so buyers can get an estimate or approved caravan loan before buying.
Our personalised service and online buying tools are designed and provided to ensure caravan buyers can select a make and model that is in their affordability zone based on finance repayments. All types of buyers purchasing all types of RVs can use our services for estimating and receiving pre-approved finance for new and second-hand RVs. We detail how to use the buying tools and get pre-approved financing to simplify the buying process.
Decide which Caravan Loan
There are quite a few sources for caravan finance including banks, finance companies, dealers and broker-style lenders like Jade. The interest rates and even the types of loans can vary across the market. The first thing buyers should know is what type of loan is best suited to their purchase. Some lenders do not offer a specific RV loan but will include caravans in their generic Personal Secured Loan product.
Our Secured Caravan Loan is specific for RV purchases and is the most widely used finance product for new and many second-hand caravans. This loan has a standard secured credit format where the caravan forms the collateral for the finance and the borrower repays the commitment in equal monthly repayments over the set loan term.
Some second-hand caravans may not be accepted by lenders as suitable collateral. In those instances, an Unsecured Personal Loan, which might have different caravan financing rates, is an option for consideration. This loan may also suit buyers who are purchasing a shared RV with other parties and offering the vehicle as security is not suitable.
Fixed or Variable Interest Rate?
When reviewing lenders and loan products, buyers should take note of the type of interest rate offered – is it fixed or variable? We secure a fixed interest rate on our secured loans and at the cheapest rates. Unsecured loans may have a fixed or a variable rate.
The fixed rate will not change over the financing term, regardless of what happens with official interest rates as per RBA decisions. This can provide buyers with confidence to plan future finances and allow for more relaxing travelling knowing their loan won’t change.
Getting Pre-Purchase Caravan Loan Estimates
Getting caravan loan estimates before purchase is extremely easy with our Caravan Finance Calculator. Most dealers and manufacturers will provide an RRP on their website or when approached for pricing. This price can be used as the basis for using our calculator. The calculator is an online device so users can calculate estimates from any device with online connectivity.
All that needs to be done is to enter the values in the fields as indicated. When deciding on the total loan amount to enter, consider if the price quoted will be the total cost of the van. Will you want to add extras to the order? Prefer upgraded fixtures and fittings? If so, make an allowance for these extra costs when entering the loan amount.
The other issue with the loan amount is to consider if you will request a loan for the full purchase price or if you will pay a deposit and request a lesser amount. If undecided on this point, the calculator can be used to work up different outcomes based on a different loan amount to assist with the decision process.
The interest rate on individual applications can vary. We display our cheapest current rate and suggest that the rate be used in the calculator as a guide only. The term can be your preferred timeframe for paying off the loan. The term approved will be subject to lender decisions.
Then click calculate and the rough estimated monthly repayment will be displayed. Note this is an estimate only as lender fees are not included and no allowance is made for the credit profiles and application specifics of calculator users. Please read our disclaimer.
If the result is higher or lower than expectations, change the amount or term to obtain a different result. Use the calculator for pricing on all the caravans you are considering to assist with making that final purchase decision.
How to Get a Caravan Loan Before Purchase
The calculator is great for rough estimates but having a definite caravan loan based on your specifics pre-purchase, is a bonus. We provide a pre-approved caravan loan service for caravan loan Australia. This allows buyers to have their application approved ahead of time so they can proceed with ordering with confidence. These loans have a validity period which will be advised at the time.
With all the options available, buying a new caravan can be an enjoyable yet possibly confusing experience. With our caravan loan buyer tools, we may take some of that confusion out of the process and deliver cheaper caravan finance at the same time.
Contact Jade Caravan Finance for a pre-approved caravan loan or estimates on caravan finance before purchase.
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.