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Caravan Finance Options

Secured Caravan Loan

With a secured Caravan loan, the caravan is used as security. An amount is lent that is either equal to, less than or greater than the value of the caravan.

 

How It Works

Under a Caravan Loan the financier advances funds to the customer to purchase a caravan.

The customer takes ownership of the vehicle at the time of purchase, and the financier takes an interest in the caravan as security for the loan.

Once the contract is completed, the financier lifts their interest in the caravan, giving the customer clear title.

 

Caravan Asset Lease

An Caravan Asset Lease enables the customer to have the use of their Caravan and the benefits of ownership, while the financier retains actual ownership of the caravan.

 

How It Works

The financier purchases the caravan on behalf of the customer, who then pays the financier a fixed monthly lease rental for the term of the lease.

At the end of the lease the customer can either pay a residual on the lease and take ownership of the caravan, sell the truck or re-finance the residual and continue the lease.

 

Caravan Commercial Hire Purchase

Commercial Hire Purchase (CHP) is also known as a Corporate Hire Purchase, Hire Purchase or Offer To Hire, and is often abbreviated as CHP or HP.

 

How It Works

Under a Commercial Hire Purchase (CHP) arrangement the financier agrees to purchase the caravan on your behalf, and then hire it back to you over a set term.

You have use of the caravan for the term of the contract but you are not the owner.

You take full ownership of the caravan at the end of the term when the total price of the vehicle (minus any residual) and the interest charges have been paid in full.

 


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