Caravan Finance Calculator

Just like with any of our other vehicle loan products, Driva makes the entire finance process extremely straightforward and stress-free. To get your personalised rates, you’ll just need to provide us with a few details about you and the caravan you’re looking to buy. From there, you’ll be able to see your best caravan loan rates and apply directly through Driva. We’ll protect your credit score by making sure you’re likely to be approved before we share your details with your chosen lender. 

You can also play around with our caravan loan repayment calculator to explore your loan options.

Each lender prices differently for different customers, and there are a number of factors they’ll consider when assessing your eligibility and what rate you’ll be charged. Some of these factors include your credit score, credit history, employment status, income and the age of the caravan being purchased.

Driva takes the hard work out of comparing lender options by automatically assessing which ones you’re likely to be eligible for and at what rate.

Use our caravan finance calculator to find out how much you can expect to pay in monthly repayments on a caravan loan with Driva. Or, if you’re ready to get started and receive your obligation-free personalised rates, you can do so here.

We’re not surprised. Comparison rates vary widely depending on your credit score, the loan amount, age of the vehicle and a number of other factors. However, no other car loan company in Australia has the technology to instantly calculate comparison rates for your individual circumstances.

This often means other brokers will provide lower generic comparison rates that will be increased later in the finance process. With Driva, the rate we show you won’t change throughout the process. Use our caravan loan calculator to find out how much your monthly repayments could be on a caravan loan.

If you still think our rates are higher, we’d love to hear from you. Give us a call on 1300 755 494 or email us at hello@driva.com.au.

There are a number of caravan finance options available, from personal loans to secured loans, and the easiest way to find out which ones you’re eligible for is to get a quote online. You’ll just need to tell us a few details about yourself and the type of caravan you’re looking to buy, and we can give you personalised rates in just minutes. Whether you’re looking for a secured loan on an RV or a commercial loan to finance a caravan for your new business, Driva has you covered.

Getting your personalised quotes takes less than a minute, and you’ll be able to view all of your finance options. After you’ve chosen your lender, the loan approval process normally takes between 2 hours and 2 days, but this varies between each lender.

Driva works with a diverse panel of over 30 lenders so you can be sure you’re getting the best interest rates possible. When you apply for your personalised rates, our smart financing platform will automatically assess which lenders you’re eligible for a loan with. We won’t share your profile until you’ve decided on a lender and we’re confident that you’re likely to be approved.

Absolutely! If you’re new to the world of caravans or are just looking to get a great deal, buying second hand could be a great option for you. Your main options for buying a second hand caravan are most likely going to be buying through a dealership or from a private seller. Before you start shopping, there are a few factors you should consider:

• How often are you planning on using the caravan?
• What size caravan do you need?
• What essential features do you need? And which could you live without?
• How much do you want to spend in total? How much can you afford to spend on monthly repayments?

Learn more: Should You Buy A Second Hand Caravan?

If you’re not completely sure that you’re ready to commit to buying a caravan, you might consider leasing a caravan. You could get a short-term lease to decide if it’s the right move for you, before buying a caravan later down the line.

Each lender has different eligibility criteria, so it’s hard to say. For some lenders your credit score will have a large impact on your interest rate - the higher your credit score the better interest rate you’ll be eligible for. For other lenders though, your credit score is less important, and they’ll consider other factors like your employment history, income and the age of the caravan you’re buying. 

When you apply for your personalised quotes, Driva will run a ‘soft credit check’. This means that we’ll access the credit score lenders use to price your loan without impacting your credit score or credit history. Once you’ve chosen a lender and we’ve vetted your profile to make sure you’re likely to be approved, we will then share your credit score with the lender to progress your application. 

If you’re interested in finding out your credit score or would like to view your credit history, you can do so for free with Equifax. If you’ve got more credit score questions, you can also reach out to the Driva team directly. Give us a call on 1300 755 494 or email us at hello@driva.com.au.

Like all other vehicles, caravans will depreciate over time. However, caravans typically lose the most value in the first three years after purchase. This means that if you’re buying a used caravan, it will depreciate slower than if you bought it brand new.

Whether you’re looking to buy a brand new caravan or are considering purchasing second hand, there are a wealth of options available to you. Online marketplaces are rapidly growing in popularity, so you might want to check out websites like TradeRVs, Caravan Camping Sales, Gumtree and Facebook Marketplace.

Additionally, Driva can connect you with a number of dealerships around Australia that have access to great deals across a wide range of new and second hand caravans. Feel free to get in touch with our friendly team members if this is something you’re interested in. Email us at hello@driva.com.au or give us a call on 1300 755 494.

An APR, or annual percentage rate, refers to the lender quoted interest rate that you will be charged on your loan amount. This rate does not include any of the fees and charges that lenders will impose, so be wary of relying too heavily on these as they are not the most accurate representation of what you’ll end up paying. Instead, Driva recommends looking at comparison rates and monthly repayments as a better indicator to consider when comparing lenders.

A comparison rate is a rate that can be used to work out the true cost of a loan. It includes most of the fees that lenders will charge you, excluding fees like stamp duty.

Driva recommends using comparison rates as the key metric when comparing car loan quotes. We’ll clearly specify the comparison rate on each loan, so you can get an accurate representation of how much each loan option would cost you per month.

If you’re considering getting a caravan loan, pre-approval can be a great way to help you save both time and money. Caravan loan pre-approval is essentially when your lender makes an in-principle agreement to lend you a specific amount of money in order to buy a caravan. The agreement is subject to receiving an invoice from the dealership or private seller as well as obtaining comprehensive insurance. The approval process generally takes between 2 hours and 2 days, and once you’ve been pre-approved you can start shopping!

One of the major benefits of pre-approval is that you’ll be able to start shopping with a set budget in mind. This can help give you a stronger bargaining position, as you’ll have the confidence to negotiate a good price for your new dream caravan. Your pre-approval period can't be longer than 90 days.