Caravan Finance

We can finance any caravan you are looking to purchase for your individuals around Australia. These include but are not limited to: Conventional, Tent, Pop-Up, Camper Trailers, Motorhomes and many more. Please know that no matter what caravan you are looking to purchase we will have the perfect finance solution for you.

We pride ourselves on making caravan finance hassle free with as minimal paperwork as possible. Every finance application is unique to us and that’s starts with getting to know you and your needs. Simply give our specialists a call on 1300 842 911 and they will have a five-minute phone call to run you through the strategy for your approval and the key items we will need for your caravan loan. The best part is due to our experience we will be able to give you a good estimate of what kinds of rates and repayments will be over the phone in our introductory call.

Please don’t feel that you will need to give us a mountain of information. We strategically know exactly how to secure your caravan finance approval with only the key important items required. You will be pleasantly surprised at how little information we can sometimes require and still have you approved with a major bank for your loan.

Absolutely not! Yakka Finance has access to a wide variety of low documentation finance offers that the major banks and other financiers offer us to secure your approval. Please don’t feel like you must provide us with a lot of information to secure your finance approval. When we speak to you over the phone, we will know exactly what key items to obtain from you to secure your finance approval. It might surprise you on how little information we need.

Low Doc Caravan Finance means we only need a very small amount of documentation to secure your finance approval. Most of the time we require 2 to 4 weeks’ worth of payslips for personal caravan finance. Did you know we can also do Business Caravan Finance?

Our specialists can run you through how easy it is to secure a Low Doc Caravan Finance approval over the phone in 5 minutes whether it be for personal use or business use. Feel free to call us on 1300 842 911 to find out how little documentation we need for your caravan loan approval.

You can borrow as much as you need for the full purchase of the caravan of your choice. For Caravan purchases this is normally from $15,000 up to $250,000. Some banks and lenders will require deposits whilst others won’t. We will find out exactly what you’re purchasing and walk you through the strategy of what is required on your caravan finance depending on your total loan amount.

This is a very common question that is always essential to ask. We love this question as we have managed to secure market leading interest rates that start from 4.79% for brand new caravan purchases.

The only way we have so many loyal customers is our service is great and we can secure market leading interest rates on our caravan loans.

The big advantage for you is because of the volumes of caravans we finance and the quality of our application submissions we are offered preferential interest rates from the banks that not all finance brokerages are able to secure.

There are many factors that can influence the interest rate on the caravan you have decided to purchase.

Here are some key considerations that can influence the interest rate:

• How long you have been employed or been in business for? (E.g., Full Time Employee, Casual, Retired)
• If you are purchasing your caravan from a Licensed Caravan Dealership or a caravan being purchased from a Private Seller
• What the specific year build the caravan is. For example, a brand-new Jayco Caravan would secure a much lower interest rate compared to a 2003 Jayco Caravan
• If you or your spouse is a Property Owner or if you are currently renting
• Your total caravan loan amount. The higher the loan amount can often result in a lower interest rate.
• If you have had finance before and if your repayment history has been good or bad
• If you have a clean credit file or a credit file with a low score

We can usually obtain a caravan finance approval within 24 – 48 hours of receiving all your details. Let us know your timeframe and we will work with you to get the caravan loan approved and settled with the most appropriate lender due to the time you are needing your new caravan by.

The average loan terms are between 3-7 years (36 to 84 months). The choice of caravan loan term is ultimately your choice. The shorter the term would result in a higher monthly repayment as you are paying the loan off on a shorter loan period. If you every want to play around with what Loan Term works for you on your caravan. Have a play with our easy-to-use Caravan Finance Calculator – https://yakkafinance.com.au/finance-calculator/

A balloon payment is a lump sum which is owed to the lender at the very end of your loan term, after all your regular monthly repayments have been made. It allows you to repay only part of the principal amount of your loan over the term you request. The reason for having a Balloon Payment is that it allows you to lower your monthly repayments for cashflow purposes.

When it comes to end of your contract, and you still have your Balloon Payment to deal with. It is easy to refinance your balloon payment at the end of your loan. Alternatively, you can trade the caravan in for a new one or sell your caravan to another party which if structured correctly should be more than the balloon payment you owe.

It is completely your choice whether you want a balloon payment in your loan structure to reduce your monthly repayments or not. We can workshop this with you to make sure the repayments suit you.

You are more than welcome to finance your Caravan through the Caravan dealership. We just ask you to be careful to not get swept up in the moment when financing caravans through some caravan dealerships as they can take advantage of those emotions.

Unfortunately, we have caught out some caravan dealerships in the past (Please note only some caravan dealerships. Not all of them!) who have said to our customer the loan interest rate is 5% and once we had checked the loan structure for our customer the interest rate was in fact double what was said to them.

Our advice is simply if you have received a caravan finance quote, loan documents or even a finance approval from a dealership, please let us check the repayments for you to ensure it matches the interest rate that was communicated to you.

Yes, financing a caravan from a Private Seller is very common and we do these types of transactions all the time. We know that people love finding a great deal on a caravan privately. We will handle the whole entire sale process with the private seller for you and arrange for them to get paid by the bank or financier correctly. This process is very streamlined for us, and we only require the agreed price you have negotiated with the private seller. We will handle the whole entire process from there.

It’s generally recommended to make sure you are happy with the caravan you are buying especially if you are purchasing through a private seller. When it comes to Private Sales finance companies will require a third-party finance inspection on the caravan to make sure the caravan’s asset identifiers (Serial Number) matches the Registration papers and the Tax Invoice.

We simply will book a Caravan Finance Inspection company to take photos of the Front, Back, Sides, and Compliance Plate of the caravan to make sure it all matches your loan documents, registration papers and Tax Invoice.

We also complete a PPSR search on the caravan to make sure the caravan is not a write off or has been stolen. You are welcome to also do a mechanical inspection of the caravan (at additional costs) to make sure the caravan is mechanically sound just to make sure you are completely comfortable on moving ahead with the purchase. We are also able to book in mechanical inspections for you.

Yes! Whether it is new or used caravans we offer tailored finance solutions for all age caravans and have a wide variety of banks and lenders that will comfortably finance used caravans. You tell us what caravan you would like to purchase. We will then match that caravan with the most appropriate bank or lender for you.

This is one of our favourite things to do. Yakka Finance has access to the most cost-effective interest rates in the market. So given the opportunity to beat your current rate on our caravan loan offer is something we take a lot of pride in doing.

If we can’t beat your interest rate that means you are getting a fantastic rate for your caravan purchase. We will give you true and honest feedback once we have a look at what caravan you are purchasing, your current repayments. Given the opportunity we won’t let you down on securing the right approval for you.

Yes, you are more than welcome to make extra repayments off your loan. It’s a good overall strategy to reduce the amount of interest paid on your caravan. It can sometimes be best hold on to your savings and pay off the caravan loan in the last 1-2 years of your contract.

Yes, we can arrange Caravan Insurance for you as we have access to experienced insurance providers that will give you the right advice when it comes to insurance.

Yes, we have a large variety of banks that will give you an approval without having to put your own cash savings into the caravan purchase and it won’t affect your interest rate in most scenarios. Our most common loans are with no deposit required.

Yes, we secure car loan approvals for Low Credit Score applicants. We are comfortable on getting your loans approved with a low Credit Score. We fully understand that what happens in the past doesn’t dictate necessarily where you are now. With most of our clients if they get a Credit Default on their Credit file there is normally a good reason behind the credit default and why it’s there.

Some of our customers are just unlucky with missing the payment of Energy Bills when they change their residential address or have had a dispute over a phone bill where they were charged to much by their phone provider. These are all very common and banks have a good understanding of this.

We always get an understanding of why your Credit Score is below the average and then effectively communicate to the appropriate bank as to why it is lower. Please have comfort that we know how to communicate correctly to the right banks or lenders on the story on the Credit Score and/or Credit Default to get your caravan loan approved. In addition, we have a great external team we utilise to lift the Credit Default off your file and lift your credit score for you

Although we are happy for you to go to your bank to obtain your Caravan Finance, we know that it almost always doesn’t deliver the same outcome to you. We know our process compared to a banks process is completely different and we pride ourselves on it. Here are some key reasons as to why we are better than a bank for your caravan loan approval:

• You could end up going to the wrong bank who would charge you a higher interest rate and make you jump through a lot more administration hoops just to secure a simple Caravan Finance approval. We know the banking landscape extremely well and once we get an understanding of your personal requirements and what caravan you are purchasing; we will then take you to the most appropriate bank to secure your finance approval with ease.
• One bank will have a better interest rate than another bank depending on what caravan you are purchasing at different times of the year. We know exactly which specific banks to go to at certain times of the year on different caravans. 
• Don’t waste a credit enquiry on your credit file. When we submit your loan for an approval, we know it’s going to be approved. This keeps your Credit File Scores strong as every credit enquiry results in a finance approval.
• You will spend a lot more of your own time and efforts putting an application together from the bank and have no idea if you will get an approval. When we go to a bank, we are already 99% sure they will approve your car loan.
• With Yakka you will always have one point of contact for every caravan purchase you do. Bank Managers are always changing roles in the banks. You might have a great bank manager for one year and then they move on, and you then have to build a completely new relationship with another bank manager that might not understand your situation. At Yakka Finance we are not going anywhere and are here to have a strong relationship with you long-term!