For many of us, there’s no better way to explore Australia than in a caravan and your best mates. From exploring secluded beaches to getting your blood pumping trekking through the countryside, you’ll need a serious vehicle that can keep up with this kind of road trip. Of course, not everyone has the funds to cover the initial upfront costs, prompting many Australians to consider a used Caravan Loan.
If this is your first time shopping around for car financing, it’s important to research and understand exactly what you’re getting into. At Finance One, we want to empower our customers through education so that they can make more informed decisions. This blog will explain what used Caravan Loans are and what you should consider before signing the dotted line.
What is a used Caravan Loan?
A used Caravan Loan is a type of Car Loan that can solely be used to purchase a used caravan. Like a standard Car Loan or Personal Loan, a used Caravan Loan features an interest rate, a fixed repayment period, borrowing amount, fees and other loan features. There are many benefits to taking out a used Caravan Loan, including:
- Instant ownership — A used Caravan Loan allows you to take ownership of the caravan immediately, even if you don’t have the full purchase amount. This means you can start enjoying your travels without having to wait until you save up enough money to buy the caravan outright.
- Easier to work into a budget — One of the major benefits of a used Caravan Loan is that it allows you to spread the cost of purchasing a used caravan over Instead of making a large upfront payment, you can make affordable monthly payments that are much easier to manage within your budget.
- Flexible to your lifestyle — Many lenders offer flexible loan terms, allowing you to choose a repayment plan that works best for you. You can choose the loan term and monthly repayment amount that best suits your income and lifestyle. With Finance One, applicants can opt for a repayment term of between three and seven years, with the option to make additional repayments without penalty.
- Accessible and credit score friendly — Used Caravan Loans are a dime a dozen, meaning you can find them almost This may be particularly useful for borrowers with poor credit scores, as there are specialist lenders, like Finance One, who cater to these types of borrowers. Not to mention that making timely payments on your used Caravan Loan can positively impact your credit history.
Applying for a used Caravan Loan with Finance One — do you qualify?
From flexible and practical repayment plans to competitive rates, there’s a lot to love with the used Caravan Loan from Finance One. And if you believe our loan is the right solution for your circumstances, it’s time to get your application ready! We aim to simplify the application process and provide easy-to-understand criteria for our applicants.
While we do aim to cater to the needs of borrowers from all financial backgrounds, we do ask that you:
- Be at least 18 or older
- Are looking to borrow between $5,000 to $75,000*
- Receive regular income and have proof of steady income
- Have had previous credit difficulties, such as loan defaults or bankruptcy
Ready to get started? Here’s how our used Caravan Loan application process works:
- Complete an online application or call us on 1800 346 663 for a used Caravan Loan and submit the required documents, including your driver’s licence, bank statements, proof of steady income and employment records.
- Our team reviews your application, considering your financial circumstances and ability to repay the loan.
- We’ll contact you with a decision within 48 hours.
Get to know Finance One — why take out a used Caravan Loan with us
Finance One is not your standard Personal Loan lender. We are a lender that specialises in providing financing solutions to applicants with poor or low credit. We cater to those who have been turned down by traditional lenders by providing practical and flexible loan options while upholding responsible lending practices.
When you apply for a used Caravan Loan with Finance One, you can rest assured that your application. We assess all applicants on a case-by-case basis to ensure we provide a solution that meets your needs and financial circumstances.
We’ve also worked hard to ensure our suite of Personal Loans does more than just give you the funding you need. With a Finance One used Caravan Loan, you will not be penalised for making early repayments to your loan. You can also increase your repayment amount at any time you’ve got some extra cash, helping you pay off your loan all the more faster.
Embark on your Australian road trip with a Finance One used Caravan Loan, apply today!
Don’t let a poor credit history hold you back from ticking something off your bucket list. Whether you want to buy a new or used caravan, our Caravan Loans can help. Submit your application online or call 1800 346 663 to kickstart your application.
*Loans between $50,000 – $75,000 must be asset backed.
Disclaimer: The information above is of a general nature only and does not consider your personal objectives, financial situation or particular needs. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your particular circumstances. We do not accept responsibility for any loss arising from the use of, or reliance on, the information.
Normal lending criteria apply. Fees and charges are payable. Terms and conditions apply.
