Camper finance
If you are looking at a camper and wondering how to fund it, you might be looking into finance. Here is everything you need to know so you can decide whether or not camper van finance is right for you.
What is finance?
Finance is the process of spreading the cost of something. You will have an agreement set out by the lender, who buys the van for you, and you pay for the van over a series of instalments.
How long does it last for?
That depends! Every agreement is different and it can range from one year to five years. There are different lenders, different types of finance and different terms too, so it is completely customisable, which is great!
How much will I pay?
It depends on how much you want to borrow, how much deposit you put in and what the APR, or interest, rate you go for. You can calculate it online to give you a rough idea what the monthly payments would be.
Do I have to pay a deposit?
Not always. Some lenders will accept no deposit finance but it is better to have a look online and explore the options. If you put a deposit in, you will bring your monthly payments down.
What happens at the end?
It all depends on what type of finance you went for. For example, with hire purchase, you will own the van at the end. However with some types of finance there will be a balloon payment due if you want to own the vehicle.
We hope that gives you an idea about camper van finance. If you would like to find out more, you can build a finance deal on our website, or come and visit us in Glasgow to talk about your customised or converted camper, and how to finance it too.