Overview

With so much competition around and interest rates at historic lows, there’s never been a better time to look at financing options.

We have access to a wide range of lenders, so regardless of whether you’re buying for personal or business use, new or used, from a dealer or a private seller we can help to turn your plans into reality.

No matter whether you’re full time employed, part-time, casual, self-employed, retired or operating your own business, our experienced finance experts will help you to find the right solution. Even if you’re on a working visa, a recent migrant or had credit problems in the past our experts will find the best options for you.

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Types Of Loans

There’s a range of options available to you depending on your circumstances. Our experts can help to guide you through the different types of caravan and camper trailer loans, which options you qualify for and the potential pros and cons of each.

Secured Loans

Secured loans are commonly used by private individuals buying assets for predominantly personal use.

Whilst you take ownership of the caravan or camper trailer at the time of purchase the lender will keep their interest registered until the loan is fully paid. Once the loan is paid in full the lender removes their interest and you have what is known as ‘clear title’.

Unsecured Personal Loans

Unsecured loans are commonly used by private individuals for personal use purchases.

The main feature of an unsecured loan is that you don’t have to provide any collateral as security to the lender.

Hire Purchase

Hire purchase is suitable when the caravan or camper trailer will be used for predominantly (50%+) business purposes. The product is mainly used by ABN holders – companies, sole traders, trusts and partnerships.

Hire Purchase can also be referred to as Commercial Hire Purchase and Term Purchase. Under a hire purchase agreement, the lender owns the caravan or camper trailer during the term of the loan. The lender registers an interest in the caravan or camper trailer to show others that they are using it as security for the loan.

Chattel Mortgage

A chattel mortgage is suitable when the caravan or camper trailer will be used predominantly (50%+) for business purposes. The product is mainly used by ABN holders – companies, sole traders, trusts and partnerships.

Under a chattel mortgage, the lender takes the caravan or camper trailer (chattel) that you’re using the loan for as collateral. The lender registers an interest in the chattel to show others that they are using it as security for the mortgage.

Lease

A lease can also be referred to as a finance lease or asset lease. Under a lease agreement, the user (the lessee) pays the owner (the lessor – normally a bank or finance company) for the use of the caravan or camper trailer, based on its GST exclusive price. The lessor registers an interest (also known as an encumbrance) in the caravan or camper trailer to show others that they are using it as security for the lease.

Whilst you get the benefits of owning the lessor retains actual ownership of the caravan or camper trailer. There is a residual value (balloon payment) at the end of the lease. This is an amount that is offset until the end of the term which has the effect of reducing your regular lease payments (rentals).

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Advantages

If you’re looking for a great deal on your next caravan or camper trailer loan look no further! There’s plenty of great reasons to deal with Smith’s Financial Services, including:

Save Time & Money

Our qualified finance experts do the hard work finding the best deals so you don’t have to!

Quick & Hassle Free

We handle the application process and deal with the lenders on your behalf, usually getting you a decision within hours.

Compare Lenders

Instead of just going to your bank we search dozens of lenders and all the latest deals to find the option that’s right for you.

Free No Obligation Service

We don’t work for the banks or finance companies, we work for you. Getting information and quotes from our experts is easy and free!

Eligibility

To qualify to apply for a loan you’ll need to meet some simple criteria, including:

Age

Being over 18 years of age.

Income

Having a regular ongoing income.

Loan Amount

Wanting a loan amount that exceeds the minimum financeable amount.

Frequently Asked Questions

Want more information? Check out our Frequently Asked Questions below or simply give us a call.

We provide you with choice by helping you to access multiple lenders. This helps to find the deal that’s right for you. Once we’ve found your best option we take care of the whole process for you, from a professional application submission to organising documentation and transfer of funds.

An application takes around 10 minutes of your time and once submitted to your preferred lender we normally have a decision for you within hours. Then we just need to organise documentation for you to sign along with getting some additional paperwork from you.

To finalise an application we’ll need some proof of ID from you, usually a copy of your Drivers Licence and Medicare card as well as some other items depending on the particular lender and depending on whether your application is personal or business.

While most lenders like to see deposits it’s not necessary in all cases. We can work with you to find the right lender for your particular circumstances.

Terms and conditions vary from lender to lender but most allow you to make additional payments as well as paying the loan off early. If this feature is important to you we’ll make sure to include this as part of the criteria when comparing lenders for you.

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