Find your best Jayco finance rate with Driva

When you’re figuring out how much you want to spend on your new caravan, it’s important to account for not just the caravan itself, but all of the ongoing costs involved. When shopping around for your caravan, there are a few questions you should ask yourself:

• How many people will need to sleep in the caravan?
• Where will you be driving it?
• How often will you use the caravan?
• Do you have somewhere to store it when it’s not in use?
• How much do you want to spend in total? How much do you want to spend on monthly repayments?
• How long do you want your loan term to be? 

We recommend looking at both new and used caravan options to make sure you’re getting the best deal possible. Caravans range in price quite dramatically, with second-hand camper trailers and caravans available for less than $20,000, and top-of-the-range motorhomes sometimes costing upwards of $100,000. 

Learn more: The Cost of Caravan Ownership and How Much To Spend On A Car - A Complete Guide

There are many different finance options available, so it’s important to do your research to make sure you’re getting a loan that suits you. Your eligibility for different finance options will normally be contingent on things like your credit score, whether you’re looking for a consumer or commercial loan, and what loan amount you’re after. 

Secured caravan loans

Secured car loans are one of our most popular finance products and they involve using your newly purchased caravan as collateral against the loan. This gives your lender the security that if you can’t meet your repayment obligations, they have the ability to repossess the caravan and recover their funds. By giving your lender this security, they’re able to pass on a lower interest rate to you. This type of loan is normally used with new caravans.

Unsecured caravan loans

With an unsecured loan, you won’t use your caravan as collateral against the loan. This means you’ll have to pay a higher interest rate, but the lender also won’t be able to immediately repossess your caravan if you can’t meet your repayments (though you might face legal action!). Unsecured loans are usually used on older and used caravans.

Personal loans

This type of loan is similar to an unsecured loan but doesn’t have the same restrictions on what you must spend your loaned money on. This gives you more flexibility and the option to use your loan to pay for other caravan related expenses.

Commercial loan options

If you’re buying a caravan for business purposes, there are a number of commercial loan options available to you. These include chattel mortgages, novated leases and hire purchases.

Yes! Whether you’re wanting a brand new Jayco caravan, or are looking for a good deal on a second hand one, Driva can help organise finance for it. But we don't just stop at caravans we can even help you get rolling with camper trailer finance solutions.

Learn more: Should You Buy a Secondhand Caravan

Every lender charges fees, so the important thing is to be aware of them before agreeing to a loan. These fees might include establishment fees or monthly fees, but they will vary from lender to lender. 

You’ll need to pay back your loan (plus interest and fees) in regular repayments. These are often monthly repayments over a period of between 1 and 7 years. Many lenders offer flexible loan terms and repayment options, and with 30 lenders on our panel, you’re sure to find one that suits your individual needs!

Absolutely! Here at Driva, we pride ourselves on our exceptional customer service and our friendly finance team is always happy to help. If you’ve got questions about anything related to car finance, from what lending criteria means to how a credit assessment works, feel free to give us a call on 1300 775 494 or email us at contact@driva.com.au.