Whether you’re planning to take your weekend away in a camper trailer or make the move from town to country with a caravan, Caravan Finance Australia can help you find the loan term and financing solutions you need. We’re Australia’s leading RV and caravan finance brokers, with over 1650 five-star Google reviews – so you can rest assured you’ll be in good hands.
A caravan loan is a type of personal loan that you can use to buy a new or used caravan in Australia. The money you borrow will be paid back in regular weekly, fortnightly or monthly repayments over the life of the loan. Before you apply for a caravan loan, do plenty of research to see what options are available and how much you can borrow. You should also check if the lender you’re considering charges any fees for caravan loans, and how these compare to other lenders.
You can compare caravan loans by checking their costs and features using a personal loan calculator. You can also read the fine print to make sure you understand what you’re getting into. For example, you should look for features like extra repayments (with or without a fee) and redraw facilities. Also, pay attention to the comparison rate, which takes into account fees as well as interest rates.
The main reason people use caravan loans is because they don’t have the money to pay for a caravan outright. The price of even a modest caravan can run to $70,000, while more elaborate models can cost well over $150,000. That’s a lot of money, and not everyone has that sitting in their bank account, especially those who are retired or semi-retired.
Secured and unsecured caravan loans are available. A secured caravan loan is backed by the value of your caravan or other asset, which can help to reduce your interest rates and/or make it easier for you to qualify for the loan. An unsecured caravan loan, on the other hand, does not require any security and tends to attract higher interest rates as a result.
When it comes to Caravan Finance Australia, there are many different lenders who offer competitive products. However, it can be difficult to sift through all the options and choose the right one for you. At Positive Lending Solutions, we can help you get a great deal on caravan financing by sifting through all the options available from over 30 of Australia’s best lenders. We’ll find the perfect caravan loan to meet your needs, and you’ll enjoy the peace of mind that comes with knowing you’ve done all your homework and found the best product on the market. Get in touch with us today to get started!