Specialist

Caravan Finance

For buying and refinancing caravans

How much do you want to borrow?

 

Caravan Finance

Clifton private finance

We specialise in sourcing caravan finance and leasing in the UK

 

High quality caravan finance solutions.

  • Finance from £25,000
  • Competitive touring caravan and static caravan finance that often outperforms in-house caravan dealerships offers
  • Flexible finance options which includes: Personal loans, Personal contract Purchase (PCP), Hire Purchase, Lease Purchase
  • Tailored bespoke service
  • Refinance options
  • Flexible repayment periods
  • Finance available on new, used and auction bought caravans
  • Business owners - Refinance existing assets to free up your company's liquid capital
  • Business owners - Cashflow matched repayments
  • Asset finance for caravans

We can deliver enhanced, bespoke or exclusive terms through our market knowledge.  

Call us on 0203 900 4322 to discuss your requirements.

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Aston Martin Zagato Speedster Lease Purchase
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Loan to Finance Purchase of Aston Martin DB6
Loan To Finance Purchase Of Aston Martin DB6
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Caravan Finance and Leasing

If you are looking for a way to buy a caravan, you may be wondering what the different options available for financing it are. Caravans are a popular choice for many people who want to enjoy the freedom and flexibility of travelling and camping in different locations. However, caravans can also be quite expensive, especially if you want a new or high-end model. That is why many people opt for caravan finance, which allows them to spread the cost of their purchase over a period of time.

There are many types of caravan finance available, each with its own advantages and disadvantages. In this article, we will explain the main features of each option, and help you decide which one is best for you.

We will also cover some of the popular types of commercial vehicles you can buy on finance, such as motorhomes, campervans, and trailers. Finally, we will give you some tips on how to use a finance broker to help you find the best deal for your caravan finance.

See Your Funding Options »

The Different Options Available for Caravan Finance

You can finance your caravan purchase in several ways, depending on your budget, preferences, and credit rating. Here are some of the most common options:

Asset Finance

Asset finance is a type of loan that is secured against the caravan itself. If you fail to repay, the lender can repossess the caravan and sell it to recover their money. Asset finance usually offers lower interest rates and longer repayment terms than unsecured loans, as the lender has less risk. However, asset finance also means that you do not own the caravan until you have paid off the loan in total, and you may have to pay a deposit upfront.

Asset finance can be divided into two subtypes: hire purchase and lease purchase.

Hire Purchase

Hire purchase is a form of asset finance where you agree to pay a fixed monthly instalment for a set period of time, usually between 2 and 5 years. At the end of the term, you can buy the caravan outright by paying a final balloon payment, which is a large lump sum that covers the remaining value of the caravan. Alternatively, you can return the caravan to the lender and walk away or trade it in for a new one and start a new agreement.

Lease Purchase

Lease purchase is similar to hire purchase, except that you do not have the option to return the caravan at the end of the term. You must either pay the final balloon payment and own the caravan, or trade it in for a new one and start a new agreement. Lease purchase is a good option for people who are sure that they want to own the caravan at the end of the term, and do not mind paying more interest over the loan period. However, lease purchase also means that you are committed to paying the balloon payment, which can be a large amount of money.

Balanced Payments

Balanced payments is a type of asset finance where you pay a fixed monthly instalment for a set period of time, usually between 2 and 5 years. However, unlike hire purchase or lease purchase, there is no balloon payment at the end of the term. Instead, the monthly payments are calculated to cover the full value of the caravan, plus interest, by the end of the term. This means that you own the caravan outright once you have made the final payment.

Contract Purchase

Contract purchase is a type of asset finance where you pay a fixed monthly instalment for a set period of time, usually between 2 and 5 years. At the end of the term, you have the option to buy the caravan outright by paying a final balloon payment, which is a predetermined amount that is based on the estimated residual value of the caravan. Alternatively, you can return the caravan to the lender and walk away, or trade it in for a new one and start a new agreement.

Personal Contract Purchase (PCP)

Personal contract purchase (PCP) is a type of asset finance that is similar to contract purchase, except that it is designed for personal use, not business use. PCP usually offers lower monthly payments and lower interest rates than contract purchase, as the lender assumes that the caravan will have a higher residual value at the end of the term, due to less wear and tear. However, PCP also has stricter mileage and condition limits, which means that you may have to pay extra fees if you exceed them.

PCP is a good option for people who want to use the caravan for personal purposes, such as holidays or leisure. It also allows you to have the flexibility of choosing whether to own the caravan or not at the end of the term. However, PCP also means that you will have to pay a balloon payment at the end, which may be higher or lower than the actual market value of the caravan, and you may have to pay extra fees if you breach the mileage or condition limits.

See Your Funding Options »

Popular Caravan Models Available Through Finance

If you are looking for a caravan in the UK, you have a lot of options to choose from. Whether you need a caravan for personal or commercial use, you can find a model that suits your lifestyle and budget. In this table, we have listed some of the types of caravans that are available for financing in the UK, along with their price ranges.

You can compare the size, design, and amenities of different models and decide which one is the best for you. Remember, these prices are only averages and may vary depending on various factors. Always consult with the lender or seller before making a purchase.

The price range is based on the average market value of new and used caravans as of February 2024


Vehicle TypeModelPrice Range in UK
Caravans Bailey Phoenix £18,999 - £22,499
  Swift Challenger £21,495 - £25,495
  Elddis Avante £20,894 - £24,894
  Coachman Acadia £22,995 - £27,995
  Adria Altea £18,995 - £21,995
  Lunar Quasar £19,999 - £23,999
  Knaus Sport £19,999 - £24,999
  Hymer Nova £26,995 - £31,995
  Sprite Alpine £17,395 - £18,395
  Compass Casita £19,494 - £23,494
  Buccaneer Aruba £34,194 - £35,194
  Hobby Prestige £23,995 - £29,995

What Happens at the End of an Asset Finance Plan?

If you choose to finance your caravan using an asset finance plan, such as hire purchase, lease purchase, contract purchase, or PCP, you may be wondering what happens at the end of the plan. Depending on the type of plan you have, you may have the following options:

The best option for you will depend on your personal and financial circumstances, as well as your preferences and plans for the future. You should compare the costs and benefits of each option and make an informed decision.

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Using a Finance Broker to Help

Finding the best deal for caravan finance can be a daunting task, especially if you are not familiar with the different options, terms, and conditions. That’s why using a finance broker can help you get the best deal and the most suitable option for your purchase. At Clifton Private Finance, we can help you: 

At Clifton Private Finance, we are a leading finance broker in the UK, and we specialise in caravan finance. We have access to multiple asset finance lenders, and we always compare the best options to offer you bespoke finance solutions that suit your needs and budget.

See Your Funding Options »

If you are interested in buying a caravan on finance, contact us today and speak to one of our expert advisers. We will be happy to answer any questions you may have, and provide you with a free, no-obligation quote. We look forward to hearing from you soon. 


Call us today to discuss your requirements on 0203 900 4322

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