Caravan Loans Made Simple

If you’ve spotted a caravan you’d like to buy, a caravan loan will give you the money to make the purchase. You’ll then pay it back, plus fees and interest over a period of time. This can mean you’re on the road more quickly than if you had to save up to purchase the caravan outright.

You might be behind the wheel more quickly than you expect. How long an application takes can depend on things like how busy lenders are and whether you’ve submitted all the required information upfront.

In some cases, we can get a loan turned around in a day or two.

When you apply through Motor Vehicle Finance, you’ll have the peace-of-mind that our team will be doing everything they can to get your loan sorted as quickly as possible.

We will help you find a lender who is a great fit for your caravan loan. At the moment, our panel includes Heartland, Avanti Finance, Oxford Finance, Finance Now, Marac, Geneva Finance, UDC, Gem Finance and Community Financial Services.

Your interest rate can vary according to things like your credit history, and whether your loan is secured against your caravan. In general, rates range from 7.95% p.a. to 29.95% p.a. To find out what sort of interest rate you are likely to be offered, complete our simple application form here.

This is definitely something it’s a good idea to understand at the outset.

When you take a caravan loan through Motor Vehicle Finance, you will be charged an establishment/introducer fee and a lender fee.

You can check out our disclosure statement here, or find more detailed information about lender fees here.

To give you an idea, if you had a loan of $5000 over 12 months at 10.95% p.a. with establishment and introducer fees of $495 and a PPSR Fee of $7.39, the total amount to repay would be $5,835.93 which is 12 monthly payments of $486.34.

There’s a strong market for second-hand caravans, and it is definitely possible to get a loan to buy one. Get in touch with our team to talk about what might be possible for you.

We have a handy calculator here that will show you what you will repay on your loan. Note: The figures produced by the calculator are a guide only — your actual interest rate, fees and repayments will be determined after your application is assessed. For more see 'Loan Information' section below.

If you’re wondering what a loan might look like if you borrowed more, or changed the repayment term or other settings, the calculator can also show you different scenarios.

It’s important to only take a caravan loan that fits with your budget, and the calculator can be a good way to check that.

When you make an application for a caravan loan, our team of expert advisers will talk through the options with you to find a solution that’s a great fit.

You might not need a deposit. No-deposit lending is available for caravans, subject to lenders’ approval. Click here to start an application and see what might be possible.

Yes, and sometimes refinancing can be a good decision to help improve your financial situation.

Our team are expert at helping Kiwis refinance existing vehicle finance.

Quick tip before you start: Make sure you are clear on what you want to achieve with vehicle refinance and the implications, for example: (a) do you want to reduce your current repayments, (b) do you want to review your interest rate and total cost of debt, or (c) other refinance objectives… In a nutshell, when refinancing your caravan loan, it is important to be clear on what you want to achieve and any implications of making a change from one lender to another. We’re here to help you make a good choice for your needs.

Savings aren’t guaranteed and refinancing or consolidating can extend the term. Approval subject to responsible lending inquiries. See Important Information below.

When you start an application, we run a soft credit inquiry to size up your options. Soft inquiries don’t change your credit score. If you proceed with a lender, the lender will run a full credit check, which creates a credit inquiry on your file and may affect your score. Applying with multiple providers may lead to multiple inquiries.