Buyers planning to take on finance to buy a new caravan, camper or motorhome, can have many unknown factors around their options. It may have been some time since they applied for finance, and they may not be aware of the current credit products. They may not be certain that they can actually afford the credit repayments on the model they want. Buyers may be tossing up about how much they should put down as a deposit. While they could contact a lender or broker for answers to their queries, we appreciate that many will prefer to do their assessments and evaluations privately and confidentially.
Jade Caravan Finance provides online resources and financing calculators to enable caravan buyers to assess their RV loan options privately, in their own time. Allowing buyers to confidentially prepare and plan their purchase and their financing preferences, before visiting a RV dealership or contacting a lender.
Review RV Loan Products
The most popular credit product to finance new and good quality second-hand vehicles is a secured loan. The Secured Caravan Loan can be used for financing all types of RVs – caravans, campervans, motorhomes etc from all manufacturers including Jayco, Supreme and others. Vehicles totally manufactured in Australia, assembled in Australia, and fully-imported may be financed with a secured credit products.
This is a convenient credit product as the lender accepts the vehicle as the loan security and the borrower repays the funds in equal monthly repayments over a fixed term. We provide fixed interest rates and fixed terms on this type of finance to provide buyers with fixed repayments for confidence that their finance won’t change with any RBA rate changes.
The alternative to secured credit is an Unsecured Personal Loan. This product does not use the vehicle as finance collateral and attracts a higher rate of interest than secured products. This type of credit may be required for older vans, restoration and refurbishment projects, or where only a relatively small loan is required compared with the value of the vehicle.
Compare RV Loans with Online Calculator
We provide a convenient online caravan finance calculator to enable buyers to work up their options privately and without contacting ourselves or a lender. This is a must-have tool for those looking to assess their options, compare rates, and make buying decisions with the price range of the vehicle they are buying and the most suitable downpayment.
The calculator is easy to use and free to use, without any obligation to proceed further. Buyers can enter the amounts for their purchase and change the rate, term and loan total to immediately see how the repayments change with different combinations. Quickly establishing preferences and clarifying many aspects of the purchase.
Compare Makes and Models
To compare different models using a calculator, users simply enter the price of the van as the finance total in the calculator, along with our current rate as a guide, and their preferred repayment term. The calculator automatically converts that price to a monthly repayment estimate.
Keep term and rate the same and enter the price of another model and note the difference. This can be extremely helpful in ensuring the vehicle selected is affordable. Narrow down the wish list to the most affordable vehicles to cut the time to visit dealerships for inspections.
There is no maximum price limit when using the calculator. Estimates can be calculated for budget through to the most top-of-the-range, luxury vehicles with all the accessories and extras. Buyers should be mindful that while the calculator will give them the finance estimates, it will be up to the lender to approve their individual borrowing limit.
Evaluate RV Loan Choices – Rates, Lenders, Deposits
Comparing financing interest rates is probably the most common objective for buyers. It’s natural to focus on the rate as this determines the monthly repayment, the total interest payable on the finance, and that in turn impacts the total outlay – the true cost of the purchase.
But comparing rates simply as percentages may not provide buyers with sufficient information to make their decisions. The figure that usually has the greatest relevance is how much will they need to pay each month on the loan with that rate? Our calculator makes that conversion a simple process. Simply enter the interest rate in the field and note the repayment shown. Enter another rate while keeping the term and total unchanged to see the repayment estimate with that interest rate.
Another big decision for buyers to make is what downpayment should they make. Assess your options by changing the total to allow for different deposits and note the different repayment estimate. You can then make a more informed decision on which is the best option to suit your personal financial situation.
When estimates are calculated, buyers can quickly obtain quotes with rates and repayments for their specific application details.
To privately assess RV loan options before applying for finance and before making a final vehicle selection use the calculator provided by Jade 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.
