What kind of Finance options exist?
Depending on your usage, there are loan types available for personal or commercial use. Recreational vehicle loan options can include Secured Loans or Personal Loans for personal use.
What are the benefits of a loan?
By taking out a loan to finance your next caravan, boat, motorbike, or bicycle, you can reduce your overall cash outlay. For businesses, a boat loan can improve cash flow and potentially allow for tax deductions on the asset (consult with your accountant for eligibility).
Will my application affect my credit score?
No. Getting your rates with MitchMarket Finance doesn't impact your credit score. The initial options are generated through a 'soft' credit check by our Fastr system. Only when you proceed with the loan application and a suitable lender is selected will a credit inquiry appear on your file.
How much can I borrow?
The loan amount you can borrow depends on the type of camper trailer or recreational vehicle you wish to finance, as well as the length of the loan. Your personal financial situation, requirements, and objectives also play a role. Contact us to learn more and obtain a quick quote from our caravan loan specialists.
What do I need to get finance?
There is no definitive list of requirements as each loan application is reviewed individually. Typically, you'll need to provide evidence of your income to determine your suitability for the finance options offered by our lenders.
Can I finance a used caravan, boat, bicycle, or motorbike?
Yes, at MitchMarket Finance, we can find loans for both new and recreational vehicles. Terms and rates may vary between new and pre-loved recreational vehicles depending on the lender and their offerings.
What documents do I need to apply for a loan?
To apply for a recreational vehicle loan at MitchMarket Finance, you will generally need to provide proof of income, proof of residence, and a valid driver's license or ID. Additional documentation, such as details of the purchase agreement or sales contract for the financed vehicle, may be requested to support your loan application.