Finance Warranty Insurance
WE CAMP, WE CARAVAN, WE 4WD AND DO FINANCE. WHY MAKE IT HARDER THAN IT NEEDS TO BE!!
Caravan Loan Interest RatesOur goal is to find you the best deal with the lowest interest rate possible. We are partnered with over 40 lenders and we will help you choose from among the best quotes they provide. Interest rates vary from lender to lender. We are here to help every step of the way to get you the best deal.
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Choose the Type of Leisure Product You Want to FinanceThere are various types of products on the market to help you create memories the family can cherish for years. Caravans, Campers, Boats, 4X4's, Jetski's the list goes on and all of them have their own pros and cons. What you choose will ultimately depend on your needs and budget.One of our customers wanted a light caravan that he can easily tow but still has all the features of a full caravan or even more. He also wanted the freedom to use his tow vehicle without having to bring the caravan with it so he opted to finance a custom camper instead.
Determine your needs, wants, and all the possibilities to help you choose the best product for you and your family to create life long memories.
With nearly 20 years in the Leisure Industry we are always on hand to help with industry options and suggestions.
How Much are You Willing to Pay Every Month?A Leisure loan is just that, a leisure purchase. It’s not something that you have to own because you need it like you would need a car so deciding on the amount of money you want to spend for it is important.Financing could take 1 to 7 years depending on your financial capacity.One of our specialties is helping people get the best and lowest interest rate possible so you can be sure that we will be working hard in helping you compare quotes and choosing the right product that will allow you to save more money and make memories sooner!
Make a credit checkYour credit report needs to be checked once a year so you are aware of your credit score and to be able to check for inaccuracies in the report. Identity theft is rampant these days and a regular credit review allows you to catch fraud before it ruins your finances.The interest rate you need to pay also depends on your credit score so knowing where you stand right off the bat will give you an idea of what to expect.Get a copy of your credit report from these sources:
- Creditsavvy
- Credit Simple
- Experian
- Finder
- Getcreditscore
- Look out for the following when reviewing your credit report. Inconsistencies may be disputed and could result to a higher credit score. Duplicate debts.
Compare caravan loans onlineWith all the seemingly awesome deals that you will see online, how do you know which one to choose?
Is a 0% caravan loan better than another deal that offers 5% interest rate? At first glance, it seems to be the case but if the 0% interest rate is packed with a lot of fees, you might be better off with a 5% caravan finance.
Read the fine print and have your agent list down all the extra charges and fees that you need to pay so you know exactly how much you are spending. You may be surprised with all the additional fees that lender is charging! Remeber if it is too good to be true, It probably is!
This is where a finance broker, like the guys and girls at Leisure Lenders, comes in handy. Instead of doing this on your own by going from one lender to the other, the finance broker will do the heavy lifting for you. They request a quote from multiple lenders and help you choose one that suits you best, generally without any negative inpacts on your credit score.
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Easy Leisure Loan Repayment OptionsDifferent options allow you to manage your finances well. Depending on your plans, you can pay off your loan early, have a varying interest rate so you can take advantage of rate cuts, or choose to pay a lower monthly repayment with a lump sum at the end of the loan term.
Fixed Interest Rate – With this type of loan, your monthly payment is fixed for the entire term of the loan. This is perfect for those who are budget conscious and wants to know exactly what they need to pay month after month.Variable Interest Rate – Means that your repayments could go up or down depending on the current interest rates. Lenders may have different ways in implementing rate cuts and increases so make sure to ask about this if you are considering a variable interest rate for your caravan loan.Balloon Payment – Means you pay a lump sum at the end of the loan term and you also have the option to refinance the lump sum in case you do not have ready money for it. One of the main advantage of having a balloon payment is that your monthly repayments are low.Early Loan Termination – If you have extra money, you may want to pay off your loan early to save on interest payment and to free yourself from the burden of paying month after month. Lenders may charge an early termination fee though so make sure to ask about this option if early loan termination is a possibility for you.Additional Payments – This is one of the best features many of our lender partners provide. When you pay more every month you can actually save on your interest payments and pay off the caravan loan early.
Fixed Interest Rate – With this type of loan, your monthly payment is fixed for the entire term of the loan. This is perfect for those who are budget conscious and wants to know exactly what they need to pay month after month.Variable Interest Rate – Means that your repayments could go up or down depending on the current interest rates. Lenders may have different ways in implementing rate cuts and increases so make sure to ask about this if you are considering a variable interest rate for your caravan loan.Balloon Payment – Means you pay a lump sum at the end of the loan term and you also have the option to refinance the lump sum in case you do not have ready money for it. One of the main advantage of having a balloon payment is that your monthly repayments are low.Early Loan Termination – If you have extra money, you may want to pay off your loan early to save on interest payment and to free yourself from the burden of paying month after month. Lenders may charge an early termination fee though so make sure to ask about this option if early loan termination is a possibility for you.Additional Payments – This is one of the best features many of our lender partners provide. When you pay more every month you can actually save on your interest payments and pay off the caravan loan early.
New or Private Sale Leisure LoanBuying new or used have their own advantages and disadvantages, for example Caravans, Boats or 4X4's.Used Low price.Ability to buy high end models without the high end price.Slower depreciation than brand new ones.No waiting time for delivery.New Lower interest rate.Manufacturer’s warranty.New and advanced technology.Option to custom build your caravan, boat or 4X4.
Money is not the only factor when deciding whether to buy new or used. First time buyers may find it better to buy a used one in order to decide whether a caravaning, boating or 4X4ing is really fit for their lifestyle. The built in features are also something to consider. Do your really need fully optioned or honestly the base with your own touch would do?
Finance Warranty Insurance
For the Outdoors Enthusiest
Credit Representative Leisure Lenders is authorised under Australian Credit Licence