You want to enjoy all that the RV lifestyle has to offer, but you don’t want to take on all the expenses and responsibilities of owning one yourself? We have share caravan finance options which may suit buyers that want this ‘best or most of both worlds’ opportunity. Share the ownership of an RV and cover only the relevant part of the costs associated with that ownership.
This can be a very workable option for many travellers and holidaymakers. For holidaymakers and travellers that only want to use an RV for a limited time each, there are a number of alternatives to buying their own. Renting an RV is a popular option especially for campervans. But may not suit the needs of all travellers. Sharing ownership of an RV is another alternative which can be implemented in a number of ways.
A shared ownership arrangement can suit extended family where one group want to use the RV during school holidays while another couple may typically holiday outside these times. One owner may pursue summer-based recreation while the other prefer to travel in winter.
Sharing ownership can maximum the use of the RV which may save on storage expenses while the vehicle is not in use and keep some fixtures in better shape with more constant use. It can also allow the joint owners to holiday together if the RV is a size to accommodate all.
In the current high cost of living environment, sharing RV ownership may also present a very sensible economic decision. There are many buyers that this approach to RV ownership will suit and funding products are available to make it a reality.
Jade Caravan Finance offers a range of RV loan products including share caravan finance options for those looking to buy an RV with other, joint owners. Great low rates still apply and funding is individually sourced and structured to suit the specific needs of each owner. Ownership can be shared with any number of parties and not all need to be purchasing their share with credit. Sound like a solution for you? Consider your options and speak with us for a quote. Both or all owners
Shared RV Ownership Options
Sharing the ownership of an RV can be approached in a number of ways. Primarily, buy a time-share package from one of the companies offering such a product. These companies have emerged in recent years and may offer the ideal package to suit your travel plans.
This option may be arranged for the use of an RV for a set number of days or weeks each year over a set number of years. The upfront buy-in may cover all costs or there could be some extras to be covered. Buyers should consider if the company has restrictions on where the RV can be taken – what areas, what type of terrain, and if they have the type of vehicle to suit where they want to go.
Consider the features and inclusions of the vehicles available. Accommodation of course, but also the facilities to travel off-road and off-grid if that is the preferred destination.
An alternative is to get family or friends together into a syndicate to purchase an RV together. It may be one that is large enough for all to holiday together or a model that each owner can use independently. This can be a very workable arrangement where the parties remain friends! And very cost-effective to share fixed ongoing costs such as registration, insurance and maintenance. To ensure all details are fully understood by all parties, a formal document may be drawn up.
Share Caravan Finance Options
With shared RV loans we’re referring to credit to purchase a share in a RV. Not multiple parties sharing the loan contract. Where one or several of the parties require funding for their share, it would be presumed that the vehicle would not be available as collateral to any of the parties when applying for credit. Having the vehicle available as collateral, is a requirement for a Secured RV Loan.
Without security by way of the RV available, buyers can apply for an Unsecured Caravan Personal Loan. This is a flexible and versatile credit product which can suit many purchases and many buyers. While the RV is not collateral, buyers may be requested by the lender to provide another form of collateral.
The rates can be variable or fixed, higher than for secured credit, but still be the best and low rates through Jade. Buyers considering a shared ownership arrangement can use our finance calculator to work up estimates to assist in making the decision to be part of the arrangement and to select the RV price range.
Our expert brokers can further assist with a low interest caravan rate quote to see if this option can have you out on the open road with friends and enjoying the RV lifestyle.
Contact Jade Caravan Finance by phone or online to discuss the best rates and options for share 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.