Caravan finance? Sorted!

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 9.95% 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.

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.

But it’s worth checking why you’re doing so. Do you want a better interest rate? Do you need different terms? Are you wanting to stretch out the loan to reduce your repayments? Considering why you need to refinance a loan can be an important step when it comes to getting a new loan that’s a suitable fit.

No. It’s really important to us at MVF that applying for a caravan loan doesn’t affect your credit score.

Your credit score is often an important tool when it comes to getting a sharp rate, and lots of inquiries from loan applications can damage it.

There won’t be any credit reports run or inquires on your record until you’ve chosen a preferred lender and confirmed you want to go ahead with the loan.

As an aside, it’s a good idea to check your credit profile every so often. You can use a tool like Clear Score or any of the credit bureau sites. They offer a quick overview of your credit profile and will give you the chance to fix anything that’s incorrect.