The lenders we work with offer three different types of caravan finance. If you apply, you’ll be offered one of the following:

– Hire Purchase (HP) – this is the one you’ll probably know already. You don’t own the caravan until you’ve made all the monthly payments. Until that time, you are simply hiring it from the finance company. At the end of the contract, the caravan is yours.

– Personal Contract Purchase (PCP) – a bit like HP, only at the end of the contract you haven’t paid for the caravan in full. If you want to own it, you can pay what’s called a balloon payment, you’ll be told how much this will be when you sign the contract. You can also decide to hand the caravan back, or choose to use any value in the caravan as a deposit for another one.

– Personal loans – these are pretty straight forward, you own the caravan as soon as the dealer is paid. Then you simply make monthly loan repayments until the full amount is paid off.

We would advise that you make sure you fully understand the type of finance you are considering using. And if you have any questions, please do ask us, we’re here to help.