Summer may be the best time for caravanning, but winter can be the best time to buy a caravan. EOFY specials can present great opportunities to purchase new RVs at reduced prices. Manufacturers may also choose mid-year to clear old stock ahead of the release of new models. For buyers in the market for second-hand models, the market may be strong in winter as owners choose to sell to save storage costs. Whatever your preference, being prepared to buy with new and used caravan loans arranged, can place buyers in prime position to snap up the bargains, or to be well-prepared for spring-summer travel plans.
But regardless of how good the RV price may be, whatever the discount is on a new model, whatever value a second-hand van represents, if finance is required to make the purchase, then the purchase may come down to the cost of the loan. Jade Caravan Finance assists buyers capture the best prices on RVs, caravans and campers, with the best interest rates on new and used caravan loans. Enabling buyers to proceed with buying a great value RV, maximising the value of the purchase and making caravan ownership accessible to more enthusiasts.
Selecting the Right New and Used Caravan Loans
Selecting the right RV can be relatively easy for buyers that know their travel plans and the on-the-road lifestyle they want to enjoy. But selecting the right financing product may present a more challenging prospect for some buyers.
There are many financial institutions offering loans for RVs, often through a general Personal Loan. The loan may be secured or unsecured, have a fixed or variable interest rate, and have limits on maximum and minimum loan amounts. Getting around and across the market to find the right option for the buyer and the RV, can be difficult. Don’t despair, using our services makes the process easy.
We have access to over 80 banks and finance companies and handle the lender selection process for customers. Identifying the lender offering the most suitable credit product for both the buyer and the van and the best interest rates.
The key difference between financing for new or second-hand vehicles can be whether or not the van is accepted as the security for the loan by the lender. New vehicles are generally accepted by lenders as are most quality second-hand models. But the age and condition of the vehicle is assessed as part of the application approval process.
Where a vehicle is accepted as security, our Secured Caravan Finance will be the loan choice for most buyers. With the vehicle used as collateral for the lender, the most competitive interest rates are offered with this form of credit. We arrange secured credit with a fixed rate of interest to ensure the repayments won’t change over the full term of the loan.
Where a vehicle is not considered acceptable security for credit, we provide buyers with competitive rates on Unsecured Personal Loans. This type of credit can be extremely flexible and versatile and suit many older model RVs. Where an old vehicle is being purchased to renovate and renew, unsecured credit may be an ideal financing option.
These credit products apply to all types of RVs – traditional caravans, camper trailers, motorhomes, off-road models, toy haulers, campervans and others. Demo models would be considered as new vehicles. To see what the difference in loan repayments may be for a secured compared with unsecured credit product, use our Caravan Finance Calculator.
Getting Pre-Approved for Used Caravan Loans
Snapping up a bargain in a strong demand low stock market can require being ready to buy. Second-hand vehicles offered through dealers or online are usually one-offs and sold on a first-in basis. Discounts and deals on sale models may be available only on a limited number of vehicles.
Many caravan and outdoor shows are held in autumn and winter, providing buyers with great opportunities to get show specials on new models. Several manufacturers have recently unveiled new models at the Brisbane Caravan Show including Jayco’s Black Edition Silverline, and the latest Coromal model releases.
To be first in line to capture these opportunities on new or used models, buyers can arrange their financing and get approved, ahead of time. Getting pre-approved caravan finance is a straightforward process and can be a savvy move. Simply apply for a loan based on a guide to the vehicle you intend to purchase, an idea of the price and an estimate of how much is required for the loan.
With those details, and the information required for the application form, we source the best interest rate loan quote and process the application for conditional approval. Buyers have the confidence to say ‘yes’ to the seller, and the finance details are finalised when the sale is confirmed.
Don’t hang back waiting for the best caravanning time to buy a new vehicle, take advantage of the specials available in winter by arranging your financing through Jade and snap up those great prices.
Apply for new and used caravan loans with Jade Caravan Finance by phone or online to capture great winter deals.
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.
