Caravan Finance Victoria

Dreaming of owning a caravan? Credit One are the solution to getting you the caravan finance Victorian leisure enthusiasts rely on to get them out on the road. 

Whether it’s to hit the coast in the summer, follow along the winding Murray River, or camping in the expansive Victorian bush, there is no shortage of activities you can get involved in with a caravan. Victoria is abundant with regions and parks to explore. What better way to explore them than by caravan or motorhome? One in which Credit One can help you secure, with our leading brokerage service. 

Credit One is passionate about getting fellow leisure vehicle enthusiasts out on the road. With over 20 years of experience, our team continues to provide the gold standard of caravan loans to our customers. It is our mission to provide the best caravan finance in Victoria, by providing a flexible brokerage service that matches prospective borrowers up with some of Australia’s best lenders. Credit One has long-standing relationships with over forty of Australia’s top financiers, including those not available to the general public, that are all helping us work towards your goal: getting you the caravan of your dreams. 

When we say Credit One has a history of providing the best rate on caravan finance and overall service for our Victorian customers, we mean it. With over 1100 five-star Google reviews, we are a company that prides ourselves on a solutions-based approach to understanding our customers. Being a broker is not about being demanding with a lender, but working together to ensure the best result for all parties. 

We are always up for the challenge at Credit One, so whether you have good credit or not, we will find a way to help you secure a loan to get you a caravan, motorhome, or another recreational vehicle. Not every loan applicant will be successful, but with our relationships with lenders, we believe you are in a much better position to secure a loan in Victoria with Credit One than other brokers. On the fence? Call Credit One today on 1300 273 347 to have a chat with a team member or by filling out our zero-obligation caravan finance quote online. 

How Does Caravan Finance Victoria Work? 

Credit One offers caravan finance Victoria solutions as either under a secured or unsecured loan. Once you get in contact with Credit One about caravan finance options, a qualified broker will be in touch to discuss your financial circumstances, how you want to manage a loan, and repayment information, including other fees.

Secured loans have:

• Fixed interest over the term of the loan
• When the rates are set, the interest is lower
• The option to make extra loan repayments
• Low exit costs
• Low account keeping fees
• Either partial or full funding
• More flexibility and control for you

Getting your hands on the caravan finance Victoria resident’s trust has never been easier under the guidance of Credit One. A broker will escort you through the seamless process of applying for the loan and all information regarding the loan terms. The step-by-step process includes:

1. You make your application to Credit One, including all relevant supporting documents to demonstrate financial ability.
2. You will be presented with your loan options by your broker, and you can decide on a lender.
3. Once your caravan finance has been approved, if you are buying new and it is a build, just sit back and wait or if it’s in stock, we can give the dealer the great news.
4. If you are buying a used caravan, you can give the seller the great news and start to think about collecting your caravan.
5. Repayments will commence once the caravan loan has been settled.
6. If you are buying a new caravan, your broker will look after everything with the dealer regarding tax invoice requests and payment from the financier of the unit before collection.

Caravan Finance Victoria Frequently Asked Questions

How Can I Get the Best Rate on My Caravan Loan?  

Getting the best deal is at the forefront of everyone’s minds. What defines the ‘best deal’ is different from person to person. We take your financial circumstances into account when tailoring the loan options for you as offered by our lenders. The best deal might not be the lowest interest rate. Other factors that will impact the loan interest rate include:

• The amount you need to borrow
• Age of the caravan or RV
• Current financial circumstances
• Financial history

The best way to secure the best rate on your caravan loan is by contacting Credit One; we will help you make the comparison between lenders and outline the best options for you.

Should I Buy a New or Used Caravan?

So, you’ve decided to buy a caravan but aren’t sure whether to buy new or used? Obtaining a pre-approval is an easy way of understanding the sort of caravans you can look at. There are significant differences when borrowing money for either a new or used caravan beside the overall cost. Interest rates will fluctuate between whether you are looking at a new or used, one and are again impacted by the age of the caravan itself.

Overall, buying new or used will come down to your individual financial circumstances. There are factors to consider for both sides, but if you are eligible for a loan for either, then the choice is up to you.

How Do I Know If I’m Eligible for a Caravan Loan?

There is no binary answer for whether someone is immediately eligible for a caravan loan. Several factors are involved in determining an individual’s suitability for caravan finance. Credit One follows a straightforward process, beginning with a conversation with one of our specialists. We’ll then be able to conduct a thorough assessment of your financial situation and understand if a caravan loan is suitable for you.

After a few easy questions, one of Credit One’s qualified brokers will give you an indication of whether you will meet the criteria for a loan and what your caravan loan repayments might look like from one of our partnered lenders. Eligibility for a loan will be based on several factors, including but not limited to:

• Credit score
• Income
• Age
• Residential status
• Current financial profile

Call our team of finance brokers today and find out the easy way. At Credit One, we look at every option we can to endeavour to get you approved.

Benefits of Financing a Caravan 

Caravan loans in the current climate have never been easier, better, or more cost-effective; with interest rates near an all-time low, it has never been a more perfect time to secure a finance and get to exploring Victoria.

1. When you choose to finance your caravan, you will have access to your money when you need it, rather than all your available cash being tied up in a single asset. 
2. Once you start to complete payments on time, you will then expand your credit history, which will assist you in getting more significant loans in the future. 
3. You can consolidate multiple loans into a single loan, paid monthly. Meaning you will only need to consider one payment. 
4. Financing a caravan allows you to use the caravan or other leisure vehicle right away. You do not need to put money away for years to purchase your vehicle, and you can use that money over time to fund the repayment.