Caravan Finance

Here at Salop Leisure, we have over 50 years’ experience in the caravan industry and in that time we’ve helped countless numbers of customers to buy their ideal touring caravan, static caravan, or motorhome. Caravan finance is a highly specialised area but it is one that we understand well, so if you’re looking for caravan finance our team of trained advisers can guide you through the entire process, and will help to structure a finance package that matches your requirements, with payments spread in a way that best suits your budget. Caravan finance can seem a complex business, but at Salop Leisure, we like to keep things simple. You can get a good idea of your monthly payments with our handy caravan finance calculator when browsing in our touring caravans, static caravans or Motorhomes product catalogues.  

How does caravan finance work?

Applying for caravan finance couldn’t be easier and you can make an application in a matter of minutes. Simply provide us with some information about yourself as well as the type of caravan you want to buy and the amount you’d like to borrow, and we’ll take it from there. There are no lengthy forms to fill out and send off, and you won’t have to visit the bank. What’s more, you can expect a quick decision on your application, usually within the hour, during normal office hours. One of our trained advisers will be in touch to discuss the terms of your caravan finance and answer any questions you may have at this stage. Going forward, you can expect to receive personal, face to face service from one of our advisers and we will do all we can to find you the best deal.

Types of finance – a snapshot

As a Barclays Partner Finance and Black Horse approved dealer and credit intermediary, we are authorised to arrange touring caravan, motorhome, and caravan holiday home finance on your behalf. There are a range of options available that will allow you to spread the cost of your purchase over a period that suits your budget (terms are available up to 12 years) where you pay a fixed monthly amount, plus interest. So, what are the main types of finance package?

Hire Purchase

This could help you buy your dream caravan while spreading the cost. Agree an initial deposit and your agreement term and monthly payment amount then we will submit the finance application to one of the lenders and subject to your application being approved, you can take ownership of your caravan or motorhome – and after you’ve made all the payments including the interest the caravan or motorhome is all yours.

How it works

Choose your new caravan. Used touring caravans that will be up to 20 years at the end of the agreement also qualify, as well as motorhomes and holiday homes can be up to 17 years of age at the end of the agreement.

Black Horse or Barclays buys the caravan on your behalf less any deposit that you have paid to the dealer.

The remaining balance plus interest is then paid over an agreed period of 1 - 10 years.

Your payments are fixed costs, meaning that the APR (Annual Percentage Rate) is set before the agreement begins and will not change.

Set your payments to suit your budget – borrow any amount from £1,500 to £250,000.

What you pay

You pay a flexible deposit on the caravan, from 0% (0% deposit may be available subject to status)

Interest rates are fixed so you’ll always know the amount of each payment until the caravan or motorhome is yours.

You pay over your chosen period.

After you’ve made all the payments including the interest you own the caravan or motorhome.

What you need to know about Hire Purchase

The choice is yours. You can choose any new or used caravan that’s up to ten years old, and how long you want to make regular payments, from one to twelve years*.

You can budget with confidence. Your regular repayments will always be the same throughout the agreement, giving you the reassurance you need.

Ideal if you want to own your caravan outright.

Protection under the Consumer Credit Act Termination and Satisfactory Quality Rights.

You do not own the caravan until the final payment has been made

Your caravan is at risk of repossession if you do not maintain contractual repayments

You must insure the caravan or motorhome

Why choose Hire Purchase?

Hire Purchase is a popular way to finance a caravan. It lets you choose the caravan you want, while spreading the payments to suit your budget. You’ll have the reassurance of knowing your regular monthly payments will stay the same. After you’ve made the all the payments including the interest the caravan is all yours

How can I find out more?
Ask Salop Leisure for a quote.
* Finance is subject to status and is only available to UK residents aged 18 and over


Lease purchase

This is similar to a Personal Contract Purchase (PCP) - you can keep your monthly payments lower by deferring a significant proportion of the amount of credit to the final payment at the end of the agreement. Salop Leisure will guarantee to buy back the touring caravan for a Guaranteed minimum future value, this amount can be set as the deferred amount on your agreement and hence would end the lease purchase agreement. There is every possibility that as a part exchange, we would offer you more than the guaranteed value, and so would provide you with a deposit towards a new purchase.

How it works

Choose your caravan with your Black Horse dealer. New and used caravans up to 3 years old can qualify.

Black Horse buys the caravan on your behalf less any deposit that you have paid to the dealer.

The remaining balance plus interest is then paid over an agreed period of 1 - 4 years.
Your payments are fixed costs, meaning that the APR (Annual Percentage Rate) is set before the agreement begins and will not change.

Set your payments to suit your budget – borrow any amount from £1,500 to £250,000.

Choose to repay over one to four years.

What you pay

You pay a minimum 10% deposit on the caravan.

You pay over the chosen period.

At the end of the agreement, you have two options, Part Exchange* for a newer model or
buy it outright with a final lump sum payment

* Subject to settlement of your existing finance agreement, new finance agreements are subject to status


What you need to know about Lease Purchase

Ideal if you want the option of deferring part of the finance to the end of the agreement and you want to keep your monthly payments lower.

Set repayment periods from one to four years, and defer part of the finance until the end of your agreement, making a final lump sum payment to own your caravan outright or part exchange, subject to settlement of the existing finance (new finance subject to status)

You do not own the caravan until the final payments including interest have been made

You must have fully comprehensive insurance

A significant proportion of the credit is deferred until the end of the contract so you should prepare for this if you want to own the caravan

You have no protection against depreciation as a result of an unexpected fall in the value of your caravan

Protection under the Consumer Credit Act - Termination and Satisfactory Quality Rights

Why choose Lease Purchase?

Lease Purchase is a popular way to finance a caravan. It lets you choose the caravan you want, and keep your payments lower by deferring a significant of the credit to the end of the agreement. You’ll have the reassurance of knowing your regular monthly payments will stay the same. At the end of the agreement you can pay the lump sum payment and own the caravan outright, or part exchange the caravan.

Who might like this product?

If you want the option to defer part of the finance to the end of your agreement.

If you like to budget – you’ll know the exact payment amounts each month, because the interest rate is fixed.

How can I find out more?

Ask Salop Leisure for a quote.
* Finance is subject to status and is only available to UK residents aged 18 and over.


Expert advice every step of the way

As you can see, there are a number of different ways you can choose to finance the purchase of your caravan, motorhome, or caravan holiday home, but this is where our experienced team of advisers can help. We’ll go through all the various options, explaining in detail the terms and conditions, and the possible pros and cons of each one, to help you decide the deal that is right for you. Much will depend on your personal circumstances as well as your preferences, and whether you want to put down a deposit and manage the expense of your purchase over a short or longer period, or whether you want to pay small monthly sums and make a large balloon payment at the end. We’ll work with you to find the most competitive caravan finance package available.

Benefits of caravan finance

Caravan finance can be a great way to spread the cost of buying your future holidays. Other benefits include:

• Flexible terms or repayment that suit your requirements and your pocket.
• Not having to use up your savings to buy a touring caravan or caravan holiday home.
• Enjoying your dream motorhome, caravan, touring caravans, and caravan holiday home now and for years to come.