A bucket-list item for many Australians is to travel around the country in a caravan. Some travellers may take a few months to complete that journey, some may do it in a number of different stages while others take an extended break and may spend up to a year touring and exploring. Buyers purchasing vehicles for this purpose may have different requirements for their caravan finance.
As specialists in the RV lending market, Jade Caravan Finance understands the needs of long-term RV travellers and structures the caravan finance to suit. Those needs can differ depending
- Families taking the opportunity to take their children on a round Australia tour while circumstances make it a viable option re-schooling and other considerations.
- Those taking a mid-career gap period of a few months to refresh and recharge while travelling.
- Permanent work remotely workers and self-employed individuals that can manage extended caravan travel time on the road while meeting their work and business commitments.
- Workers enjoying long-service leave to take a few months to tour Australia.
- Those that just want to take a nice long time off to explore Australia in their caravan.
Whatever your reason or purpose for taking that aspirational extended time to tour Australia, our consultants will work with you to secure caravan finance that works for you, to purchase your vehicle.
Individually Sourced Caravan Finance Solutions
Some of the needs or preferences that caravan owners planning long trips may have to include not having to worry about their finance while they are away. They may also want to ensure that the finance is secured with repayments that will meet their budget.
As a broker, we have the capabilities to negotiate loans with our lenders so we can work to meet your specific and sometimes individual preferences.
Caravan Finance Basics
The loan product that will suit most new caravan buyers will be our Secured Caravan Loan. The advantage of a secured credit product is that for most buyers, no additional security besides the vehicle itself is required. For those away for some time, not having other property or assets tied up in the finance may be a distinct advantage.
This product suits all the variations in RVs and caravans. So regardless of whether you’re considering a camper trailer or self-contained mobile home or a more traditional towable vehicle, this will most likely be the loan for you.
Covering the Extras
Long-term travel can mean ensuring the RV is properly set up for that time period. That may mean adding certain accessories or extra equipment to the purchase. Those extras may include fittings etc to suit different weather and climate conditions as the seasons change en route. They may include having additional water tanks and solar power capacity to cover a long trip across the Nullabor.
We work with customers to include these costs in the overall total amount of the loan. The extras need to be purchased in conjunction with the RV to ensure they are on the dealer invoice when settlement is required.
Fixed Interest Rate Caravan Finance
One of the biggest requests from travellers is sure to be that they don’t want to worry about their caravan finance while away. Travellers will likely set their budgets to cover the time they will be away. The last thing they will want is for their caravan finance interest rate to change when the Reserve Bank of Australia announces a rate hike. Suddenly they have to budget for higher repayments with a rate increase.
That can happen when a loan is taken out with a variable interest rate.
To address this issue we secure our caravan loans with a fixed interest rate. That means that the rate confirmed when the finance is approved will be in place over the complete term of the loan. Monthly payments are set-up as a direct debit from a nominated account. So travellers can spend their time exploring and enjoying, without one eye on the financial markets.
Extended Finance Terms
Budgets will most likely need to be strictly adhered to when on a longer trip away. When applying for caravan finance, that can mean achieving the lowest monthly repayment possible. We assist buyers to achieve this objective with our cheaper rates and with terms of up to 7 years.
A longer term means a lower monthly commitment.
Reviewing on Return
On returning from that trip, the lower repayments may not be such a higher priority. That’s not a problem with our Secured Loan. Additional payments can be made whenever desired. By doing so, the rent to buy caravan Australia loan would be finalised early, but minimal payout fees apply with this type of loan.
Whatever your caravan travel plans, your Jade consultant will work with you to secure caravan finance that best meets your requirements.
Contact Jade Caravan Finance to discuss your caravan finance needs to suit long term travel plans
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.