RV shows are must-attend events for serious buyers as manufacturers typically use these events to launch and showcase their new caravan models. Providing opportunities for buyers to easily compare several vehicles from different brands almost side by side, in the same location. The Brisbane Caravan Show provided several brands and keen buyers with such an opportunity – to see and order the best new caravan models. If you placed your order at the event, or you are considering your options to make the final decision post-event, the next step is to secure the best RV finance to complete your purchase.
We explain the most suitable loan products for the latest RVs, how to reduce the total spend through effective financing, and note some of the latest new-release RVs we finance.
Financing New Model Caravans
Finance for new caravan models is available with secured loans at highly competitive rates through specialist RV finance brokers, Jade Caravan Finance. Financing new RVs can be extremely affordable and accessible to many buyers with a secured format loan.
A secured RV loan allows buyers to use the vehicle as the collateral for the finance. Making a purchase more accessible to more buyers who may not have significant other assets to provide as loan collateral. Lenders register their financial interest in the RV with the PPSR. This interest is released when the loan is finalised.
With the collateral for the loan covered, lenders have their assurance that the funds can be recovered should the borrower default on their repayment commitments. This is not only convenient for the buyer as it can leave other assets uncommitted, but it can provide lenders with greater confidence to offer better rates.
Buyers can easily estimate their RV repayments using our finance calculator with our current best interest rates to generate estimates. Rates do vary across the market and for individual buyers. But the calculator and our latest rates, can provide an indication of what we may achieve for your finance.
Reducing the Outlay for New Model Caravans
While buying a newer rather than a second-hand model is an exciting prospect, the pricing can be significant. To ensure the purchase is affordable, buyers can look to reducing their total outlay through reducing their finance costs. This may be achieved primarily by securing the lowest possible interest rate and by lowering the sum borrowed.
Let’s first look at the borrowing amount. Borrowing limits will be determined by a lender when assessing an application and this may set the loan amount and as such, any deposit required. Many buyers may be looking to borrow as greater percentage of the purchase price as possible. Borrowing the full price is known as no deposit finance and can be approved, subject to individual loan applications meeting certain criteria.
While this can be convenient to buyers, not having to use other funds as a downpayment, it does result in a higher monthly repayment than when a deposit is paid and overall, more interest accrues. Making a deposit reduces the amount borrowed, the monthly commitments, the interest accrued, and the overall acquisition cost of the vehicle. Use the calculator to work out repayments with different loan amounts to clearly see the effect of deposits on RV loan repayments.
Now to interest rates. The interest rate has a significant effect on the overall cost of the finance and therefore the total outlay for RV. Rates vary across the lending sector and with our vast access to many banks, finance companies and non-bank lenders, we have the resources necessary to quickly find the best rates.
Once again, use the calculator to work out repayment comparisons with our rates and rates sourced from other lenders. This will provide a clear indication of how lower rates can provide for a more affordable purchase – both on a monthly repayment basis, and based on the overall outlay for the vehicle.
Spotlight: Brisbane Show New Caravan Models
We can provide financing for all the latest releases, including those showcased at the Brisbane Caravan Show. These include both models from Australian manufacturers and those from importers such as the SR22 from MDC.
Recent releases at the Brisbane showcase included On the Move’s Grenade, new pop-tops from Snowy River Caravans - did you see their new Van Cave, hybrid off-roads from Austrack, an all-electric proposition from Van Cruiser, and the F14 hybrid pop-top from Cub Campers.
The F14 is Australian-made and provides buyers with a low profile, off-road vehicle which does not skimp on comfort and luxury. Described as a fusion of camper and caravan, the F14 has a low-profile styling with a 2.06m travelling height and is designed to fit in a standard garage or carport. A great consideration to protect the vehicle when not in use and reduce the cost and necessity of paying for off-site storage when not in use.
Whatever latest release vehicle you’ve selected, speak with Jade about making the purchase more attractive with affordable RV finance.
To finance new caravan models with the most affordable loan, speak with Jade Caravan Finance or request a quote online.
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.
