Motorhome finance calculator
Representative xx.x% APR
Looking for motorhome finance? Use our quick calculator to help you work out
your monthly payments.
Calculate monthly motorhome finance payments
Calculate monthly motorhome finance payments
Calculate monthly motorhome finance payments
The world of motorhome finance can be a confusing one – but we’re here to help simplify things. Use our motorhome finance calculator to help you decide whether motorhome finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.
Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.
The world of motorhome finance can be a confusing one – but we’re here to help simplify things. Use our motorhome finance calculator to help you decide whether motorhome finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.
Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.
The world of motorhome finance can be a confusing one – but we’re here to help simplify things. Use our motorhome finance calculator to help you decide whether motorhome finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.
Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.
Compare your motorhome finance options
Caravan or motorhome loans
A motorhome loan is a type of finance that allows car buyers to buy a vehicle outright. The buyer borrows a lump sum of cash up front and then makes monthly payments over a set period (which will vary according to the agreement type).
A motorhome loan is a type of finance that allows car buyers to buy a vehicle outright. The buyer borrows a lump sum of cash up front and then makes monthly payments over a set period (which will vary according to the agreement type).
A motorhome loan is a type of finance that allows car buyers to buy a vehicle outright. The buyer borrows a lump sum of cash up front and then makes monthly payments over a set period (which will vary according to the agreement type).
Hire purchase
Hire purchase is an instalment payment plan with regular monthly payments that allows you to have use of the motorhome while you’re paying for it. You hire the motorhome for the duration of the agreement, while you’re paying for it, with the option to purchase it at the end.
Personal contract purchase
Personal contract purchase (PCP) is another popular type of vehicle finance. Rather than borrowing a loan equal to the total cost of the motorhome, as you do with HP, your PCP loan covers only the estimated reduction in value of the vehicle, plus any fees and interest charged for hiring.
Personal contract hire
Personal contract hire, also known as PCH, is essentially a form of long-term rental and is a popular way to 'lease' a motorhome. Typically, you pay an initial rental up front – often between 1-12 months – and agree to lease the motorhome for a set period. At the end of the agreement, you return the motorhome and settle any further charges (e.g. excess mileage and/or unreasonable wear and tear) that may apply.
What is the best motorhome financing option for you?
What is the best motorhome financing option for you?
What is the best motorhome financing option for you?
Personal Motorhome loan
Personal Motorhome loan
Personal Motorhome loan
Personal Contract Purchase
Personal Contract Purchase
Personal Contract Purchase
Hire purchase
Hire purchase
Hire purchase
Personal contract hire
Personal contract hire
Personal contract hire
Typical length of agreement:
Typical length of agreement:
Typical length of agreement:
Usually 1-7 years
Usually 1-7 years
Usually 1-7 years
Usually 1-5 years
Usually 1-5 years
Usually 1-5 years
Usually 1-5 years
Usually 1-5 years
Usually 1-5 years
Usually 1-4 years
Usually 1-4 years
Usually 1-4 years
Initial deposit required?
Initial deposit required?
Initial deposit required?
No
No
No
Usually but not always
Usually but not always
Usually but not always
Usually but not always
Usually but not always
Usually but not always
Usually but not always
Usually but not always
Who owns the car?
Who owns the car?
Who owns the car?
You, although you will still need to repay the debt
You, although you will still need to repay the debt
You, although you will still need to repay the debt
The lender or finance company unless an optional final balloon payment is made
The lender or finance company unless an optional final balloon payment is made
The lender or finance company unless an optional final balloon payment is made
The lender or finance company until final repayment plus option-to-purchase fee is made
The lender or finance company until final repayment plus option-to-purchase fee is made
The lender or finance company until final repayment plus option-to-purchase fee is made
The lender or finance company, always
The lender or finance company, always
The lender or finance company, always
Mileage restrictions
Mileage restrictions
Mileage restrictions
No
No
No
Yes
Yes
Yes
Sometimes
Sometimes
Sometimes
Yes
Yes
Yes
Motorhome finance thats actually simple
Motorhome finance thats actually simple
Motorhome finance thats actually simple
Fast application - money
in your account next
working day
Your motorhome, your rules, its yours from day one.
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in a dealership
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dedicated UK team.
APRs between 9.6% and 27.5%, with repayments between 12 and 60 months.
Representative xx.x% APR
Representative example: borrowing £10,000 over 5 years with a representative APR of 14.9%, an interest rate of 14.71% (fixed), the monthly payment would be £232.53. The first payment would be £282.53 to include an opening fee of £50. The opening fee is included in the total cost of credit of £3,900.00 and a total amount payable of £13,900.00
Our ‘representative APR' means at least 51% of our customers are offered this rate. It’s a good way to compare lenders. Remember your rate will depend on lots of things like your credit score, so it might be higher or lower than this.
APRs between 9.6% and 27.5%, with repayments between 12 and 60 months.
Representative xx.x% APR
Representative example: borrowing £10,000 over 5 years with a representative APR of 14.9%, an interest rate of 14.71% (fixed), the monthly payment would be £232.53. The first payment would be £282.53 to include an opening fee of £50. The opening fee is included in the total cost of credit of £3,900.00 and a total amount payable of £13,900.00
Our ‘representative APR' means at least 51% of our customers are offered this rate. It’s a good way to compare lenders. Remember your rate will depend on lots of things like your credit score, so it might be higher or lower than this.
APRs between 9.6% and 27.5%, with repayments between 12 and 60 months.
Representative xx.x% APR
Representative example: borrowing £10,000 over 5 years with a representative APR of 14.9%, an interest rate of 14.71% (fixed), the monthly payment would be £232.53. The first payment would be £282.53 to include an opening fee of £50. The opening fee is included in the total cost of credit of £3,900.00 and a total amount payable of £13,900.00
Our ‘representative APR' means at least 51% of our customers are offered this rate. It’s a good way to compare lenders. Remember your rate will depend on lots of things like your credit score, so it might be higher or lower than this.
FAQs
FAQs
Can I buy a used motorhome on finance?
Yes. With an unsecured personal loan, you can choose a new or used vehicle from just about anywhere.
Can I buy a used motorhome on finance?
Yes. With an unsecured personal loan, you can choose a new or used vehicle from just about anywhere.
Can I buy a used motorhome on finance?
Yes. With an unsecured personal loan, you can choose a new or used vehicle from just about anywhere.
What credit score do you need to finance a motorhome?
There’s no such thing as a minimum credit score that will guarantee you credit. But it’s certainly true that the better your credit score, the better your chances of being approved for a loan.
What credit score do you need to finance a motorhome?
There’s no such thing as a minimum credit score that will guarantee you credit. But it’s certainly true that the better your credit score, the better your chances of being approved for a loan.
What credit score do you need to finance a motorhome?
There’s no such thing as a minimum credit score that will guarantee you credit. But it’s certainly true that the better your credit score, the better your chances of being approved for a loan.
Do I need a deposit for motorhome finance?
With an unsecured personal loan, you do not need a deposit.
Do I need a deposit for motorhome finance?
With an unsecured personal loan, you do not need a deposit.
Do I need a deposit for motorhome finance?
With an unsecured personal loan, you do not need a deposit.
Is motorhome finance different to car finance?
Motorhome finance is largely the same as car finance.
Is motorhome finance different to car finance?
Motorhome finance is largely the same as car finance.
Is motorhome finance different to car finance?
Motorhome finance is largely the same as car finance.
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What checks are done for finance approval?
What checks are done for finance approval?
When you apply for finance, the finance company will run some checks.
When you apply for finance, the finance company will run some checks.
NEWS Aug 2024: FCA announcement on discretionary commission arrangements (DCAs)
Oodle customers are not impacted