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Motorhomes are a fantastic way to explore beautiful areas of the country and can be great for holidays with family and friends.
Forces Compare have partnered with Quick Car Finance to offer customers a range of different motorhome finance options, with no-obligation quotes and a range of different credit scores considered.
As the name suggests, motorhome finance helps customers to finance the purchase of a motorhome, often breaking this up into a monthly repayment plan until the vehicle is either bought outright or returned.
There are a range of different finance options to choose from, accommodating for a variety of different circumstances.
Many across the UK have been paying too much for their vehicle finance. By comparing through Forces Compare, you can find great deals on motorhome finance options.
There’s a variety of motorhome finance options available. Some of the main options include the following:
With a hire purchase (HP), borrowers will have to pay monthly repayments as well as an initial deposit. By the end of the loan term, borrowers will be able to own the motorhome outright.
With personal contract purchase (PCP), borrowers will again be required to pay an initial deposit (varying from 10-20%) before making monthly repayments for a fixed period. Once the loan term has ended, borrowers will then have the option of making a balloon payment to own the motorhome outright, otherwise it will be returned.
When using a personal loan as a means of motorhome finance, the funds from the loan will be released to pay for the motorhome. After this, the borrower will own the motorhome outright. However, they will also be required to keep up with repayments on the personal loan until fully repaid.
Refinancing options are also available. If you would like to refinance your motorhome, Forces Compare may be able to help. Simply check your eligibility and receive a no-obligation quote. If your credit score has improved since the last time you applied for motorhome finance, you may also be eligible for lower rates.
Yes, you may be able to do a part-exchange with providers. By doing a part-exchange, you could lower the cost of any required deposits as well as monthly repayments on your motorhome finance. All part-exchanges are evaluated on a case-by-case basis.
The eligibility criteria for motorhome finance will vary depending on the finance option as well as the borrower’s own details. Forces Compare can help to find motorhome finance options that consider a range of different credit scores, with no arrangement fees and no deposit options available.
While various different personal circumstances may be considered, common requirements borrowers may have to meet in order to be eligible include the following:
Additionally, applicants can boost their chances of approval with a good history of past borrowing, particularly in vehicle finance.
When applying for motorhome finance, you’ll have to give a few details which will help our partner to assess the best options for you. Below is a list with some of the details you may need to provide when applying for motorhome finance:
Applying for motorhome finance is easy, simply click the “Get Started” button below and fill in a few details to receive a no-obligation quote.
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