Caravan Finance Calculator
Use our easy caravan loan calculator to figure out how much you could borrow
Why our calculators different
No generic estimates here - Driva can give you an exact rate match.
All fees included
We include all fees and charges in our monthly repayment estimates, so you don’t need to worry about hidden surprises.
Driva gives you personalised caravan finance calculations across a range of different loan structures.
Don’t take our word for it
We always recommend a second opinion. Read our customer reviews.
Caravan Finance With Driva
Efficient approval process
After choosing your preferred lender, we’ll make sure that you’re likely to be approved before sharing your profile with them. This speeds up the process as well as protecting your credit score.
Flexible repayment options
Driva works with 30+ lenders so you can find the right match for you. Every lender offers different repayment options, including length of the loan term and repayment frequency (weekly, fortnightly or monthly).
Quick & friendly customer service
Our friendly and knowledgeable finance team is available to help you navigate the world of caravan finance and find your perfect caravan loan. If you need help finding the actual caravan, we can help with that too!
Looking for something else?
Have a question?
What type of caravans can I get a loan for?
From motorhomes and camper trailers to RVs and everything in between, if it’s got wheels, Driva can help you finance it! Whether you’re buying your very first home on wheels or are a season-ed caravanner, Driva can help you find the perfect caravan loan or camper trailer finance for your personal circumstances. Use our caravan loan calculator to find out your estimated interest rate and repayment amounts.
How does a caravan loan work with Driva?
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. If you're looking to finance a different type of vehicle, you can also check out our car loan and motorcycle loan calculators.
How do lenders price my rate?
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.
Driva's rates are different than what I’ve seen elsewhere for the same lender!?
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.
What kind of loan do I need for a caravan?
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.
How long will it take to get my caravan loan approved?
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.
What lenders does Driva work with?
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.
Can I get a loan for a second hand caravan?
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?
Can I lease a 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.
If I have a bad credit score will I still be able to get a loan?
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 firstname.lastname@example.org.
How quickly do caravans depreciate?
Like all other vehicles, caravans will depreciate over time. The rate of depreciation will depend on several factors such as the make and model of the caravan, the age of the caravan, the condition it's in, and how well it has been maintained. Typically, caravans will lose the most value in the first three years after purchase. After this period, the rate of depreciation will usually slow down.
If you're buying a brand-new caravan, camper trailer or RV vehicle, it's important to keep in mind that the moment you drive it off the dealership, it will start to lose value. This means that if you're looking to sell your caravan in the future, you may not be able to recoup the full amount you paid for it. However, if you're buying a used caravan, it may depreciate at a slower rate than a new caravan, which means that you may be able to get more of your money back when you sell it.
It's important to note that depreciation is a normal part of owning any vehicle and shouldn't be the only factor that influences your decision to buy a caravan. Other factors such as your lifestyle, budget, and travel goals should also be considered when making this decision. At Driva, we understand that buying a caravan is a significant investment, which is why we provide personalised caravan loans to help you get the best interest rates for your caravan purchase.
Where can I buy my caravan from?
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, give us a call on 1300 755 494.
What is an APR?
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.
What is a comparison rate?
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.
How does pre-approval work?
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.
How long can you finance a caravan for?
At Driva, we offer flexible finance options for caravan purchases. You can finance a caravan for a period of up to 7 years. However, the actual loan term may vary depending on the lender and the loan amount. Use our caravan finance calculator above to get your estimated monthly caravan loan repayments quickly and don’t forget we also provide camper trailer finance, car loans & more!