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

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.