Finance types

Finance Types

Secured Caravan Loan

This is where the caravan is used as security against the loan. A secured caravan loan is the most common type of consumer caravan loan. Because the loan is secured, great rates are available.

With a secured caravan loan, the consumer is given ownership of the caravan once the purchase has been funded. The financier places an interest on the caravan as security. Once the loan has been repaid in full, the interest is removed from the title.

Unsecured Caravan Loan

As the name suggests, this type of loan is not secured against the caravan. Unsecured caravan loans are mostly used for older assets that can not be used as security. Generally, unsecured loans have a higher interest rate than secured.

Caravan Chattel Mortgage

Where a caravan is used mostly for business purposes, a commercial loan may be used. A chattel mortgage is a type of commercial loan. Much like the secured caravan loan, the purchaser is given ownership over the caravan once the loan is funded. The financier places a mortgage over the caravan until the loan is repaid in full.

If you would like to find out what type of finance would be most suitable for you, apply now for an obligation free consultation with one of our award-winning finance experts.

Caravan Finance For Self Employed

Being self employed has a lot of benefits, but sometimes gaining finance while being self employed can be painful.

Your accountant might advise you to claim a lot of deductions to lower the amount of tax you pay, but when you provide your financial statements to your bank, they tell you that you don’t quality. Sound familiar?

This doesn’t mean it is impossible though. In fact, sometimes it can be easier to gain finance if you’re self employed, you just need to speak to finance experts, not bank staff.

Consumer Finance

This is where the caravan is used as security against the loan. A secured caravan loan is the most common type of consumer caravan loan. Because the loan is secured, great rates are available.

With a secured caravan loan, the consumer is given ownership of the caravan once the purchase has been funded. The financier places an interest on the caravan as security. Once the loan has been repaid in full, the interest is removed from the title.

Low Doc Caravan Finance

If the caravan is going to be used for business purposes, you might be eligible for a low doc caravan loan. Generally, this is a much easier way for the self-employed to gain finance for an asset purchase.

The lender doesn’t require as much paperwork for low doc caravan finance. Usually, all you need is a signed privacy form, the application form and proof of identification.

The rates are just as competitive as the consumer loans, but you don’t have to jump through as many hoops.

If you’re self-employed and would like to find out what type of finance would be most suitable for you, apply now for an obligation free consultation with one of our award-winning finance experts.

Private Sale Caravan Finance

Are you missing out on massive savings by purchasing at a caravan dealership? Sure it can seem convenient, but what is it really costing you. But isn’t is hard to gain finance for private purchase? The short answer is no. Most of the time, the only difference is that the financier will order a caravan inspection to confirm there is no damage, etc.

How it works

Apply online now and one of our finance experts will make contact to get the ball rolling with a pre-approval. We will do all of the heavy lifting for you. Sit back, relax and we will let you know once we have your pre-approval.

Now that you have pre-approval, it’s time to start shopping. You will be able to search for your dream caravan without hesitation. If you happen to find your dream caravan at a dealership, that’s fine, we will just need an invoice from them so we can get the loan funded

Once you find the caravan you would like to purchase, let us know and we will take it from there. We will make sure the loan is funded and the seller paid. All you will need to do is to arrange a suitable time to pick up your new caravan and start planning your first holiday.

Now that you have your new caravan, it’s time to start exploring Australia. It’s that simple.

If you’re wanting to potentially save some money and purchase privately, apply now for an obligation free consultation with one of our award-winning finance experts and we will get you pre-approval.

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The Caravan Finance Experts
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Simple Caravan Finance

Shop 1, 38 Llewelyn Street,

Merewether NSW 2291

02 4058 2802

Simple Caravan Finance is a registered business name of Wisebuy Investment Group.

Wisebuy Investment Group Pty Ltd ABN 67 607 570 169 is authorised under eMOCA Pty Ltd Australian Credit Licence 390312.

The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.* There may be occasions where you may be charged a fee by your broker.

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