Tasmania United

Caravan Finance

Financing Your Caravan

Getting a caravan comes with a wide range of financial obligations. In most cases, getting a new caravan costs thousands of dollars. Even when you decide to get a used caravan, it will still cost a considerable amount of money. In turn, this might put you off getting access to the caravan of your dream. Well, you don’t have to worry about that anymore. You can now get access to caravan finance as a means to find your way through the financial difficulty. 

What Is Caravan Finance?

This refers to a financial arrangement that allows you to get easy access to the funds that you need to complete the purchase of your caravan. Under this arrangement, all you need to do is get a lender who is willing to offer you the sum that you need to purchase the caravan. Once you do, you can then get the sum and go ahead to purchase the caravan of your choice.

After this, all you’ll need to do is complete the repayment of the loan sum. You’ll need to repay based on the agreement between you and the lender. Once you’re done with the repayment schedule, the agreement comes to an end. 

At Tasmania United, we are not caravan financiers. However, we recognise that caravan finance is an integral part of easy access to the caravans. In turn, in line with our commitment to ensure that everyone can enjoy easy access to caravan finance, we collaborate with third-party financiers to ensure that you can get easy access to caravan finance. 

You’ve got nothing to worry about with us. We are committed to providing you with a comprehensive experience when you choose us. So we ensure that you can also enjoy easy access to the best options when it comes to caravan financing. 

Why You Should Opt for Caravan Finance

There are various benefits that come from getting caravan finance. They include:

Flexibility

All you need to do is sign up with us on our page. We offer various packages that will suit your convenience.

Easy Financing Requirements

In the modern-day, you don’t need to present all your documents or provide collateral before you can secure one. There are now various options that you can enjoy. For instance, you can opt for a low doc loan and meet your purchase needs. 

Easy Access to Caravans

With caravan finance, you can now get easy access to the caravan of your choice. You don’t need to worry about saving for a long time before you get access to the caravan that you need. You also don’t need to worry about excessive prices that lead to financial inconvenience. 

Available Finance Options

There are various finance options that you can opt for if you decide to get caravan finance. They are as follows: 

Secured Loans

A loan is secured if an asset is provided as collateral. It offers benefits such as a more extended period of repayment and an increased loan limit. Usually, one can use any property for financing, but the loan subject (vessel) is often utilised in marine finance. It is the alternative when you cannot access an unsecured loan.

Unsecured Loans

The opposite of a secured loan is an unsecured loan. There is no collateral or deposit involved. However, unsecured loans have restricted loan limit and do not give much time for repayment; that is, the term of repayment is usually concise (less than ten years). In other cases, the interest rates may be as high as 30%.

The only benefit with this type of loan is that one is only subjected to penalties and fines upon any default and not the vessel’s immediate reclaim.

Caravan Finance Calculator

Before you take up a financing facility, you must know some key numbers so that you can be able to plan appropriately. For instance, how much will you be paying per month? And how much will that sum up to be by the end of the loan term?

You can get all of these and more when you make use of the Finance Calculator. This is a tool that allows you to understand your financial obligation under a finance agreement. All you need to do is get access to the calculator. Then, all you need to do is enter the required numbers, and you will get your answers. The required numbers include:

Purchase Price

This refers to the actual market price of the caravan. This is usually the amount that you want to borrow under the loan arrangement if you decide to borrow the whole purchase sum.

Deposit

When taking up a financing package, you must put up a fraction of the total purchase price upfront. This is known as “deposit.” You will need to enter the details. 

Interest Rate

This is the percentage of the loan you have to pay as interest yearly. This is usually the cost of the loan, and it is valued at either a fixed rate and a variable rate. 

Loan Term

The total number of years the loan will last.

After entering these figures and clicking the “Calculate” button, you get your answers. The answers are typically the amount you have to pay per week, per month, and each year.