While COVID-19 travel restrictions have undeniably boosted caravan and motorhome sales, the “staycation” trend was gaining momentum long before the pandemic. The latest figures from the National Caravan Council reveal motorhome sales have tripled since 2000, with more than 220,000 recreational vehicles now registered on British roads.

From Snowdonia and Peak District to Cairngorms and South Downs, it’s no surprise Brits want to get outside and explore their own backyard.  But campervans can be a big investment with the average cost of a new motorhome ranging from between £45,000 and £80,000.

While there are big savings to unlock with second-hand models, you’re still looking at a significant investment for a reliable and comfortable vehicle. Most people know that it’s possible to buy a car on finance but can you buy campervans on finance?

Boosting your campervan budget

With a typical British household saving just over £2,000 per year, most motorhome enthusiasts don’t have the financial freedom to purchase a recreational vehicle outright. Cue the entry of car finance. Designed to get you behind the wheel of a motorhome as soon as possible, finance boosts your spending power and allows you to purchase the motorhome you’ve been dreaming of.  

That’s where My Car Credit comes in. Backed by industry-leading car finance broker Evolution Funding, we get you access to the country’s largest lender panel. This allows us to secure the best deals on motorhome finance, no matter what your budget or unique circumstances. As the customer you always come first, a philosophy that’s won us ‘Best Broker’ in the Car Finance Awards for five years straight.

The importance of APR

Purchasing campervans on finance tends to be more expensive than buying a car. The larger outlay makes it even more important to secure the best finance deals. Whether you’re borrowing £5,000 or £25,000, your Annual Percentage Rate (APR) can have a big impact on the total cost of your motorhome.

For example, borrowing £15,000 over a five-year period with APR of 6.9% would result in a total payable amount of £17,695. As well as repaying the £15,000 loan you’re also paying £2,695 in interest. A higher APR of 13.9% would significantly increase your total cost of credit to £5,552 and leave you with a total repayable amount of £20,522. Whether you’re buying new or used, it pays to shop around for the best deals when purchasing campervans on finance.

The best motorhomes of 2021

Dreaming of hitting the road in a new campervan? To get you inspired we’ve put together a roundup of some of the most exciting new motorhomes hitting the British market in 2021.

VW T6.1 Treago by Bodans

Volkswagen is the grandaddy of campervan brands so it’s only fair we include a VW in our list of the best motorhomes 2021. Manufactured by Shropshire-based van conversion company Bodans, the VW T6.1 Treago by Bodans comes with a price-tag of £42,600 and is packed with travel-friendly features. Not to mention some great customisation options, including upholstery, body styling, paint colour and accessories.

Ford Transit

If you’re looking for a quality campervan at a great price, the Ford Transit is your model. Eternally popular with second-hand buyers, these usually go for anywhere between £5,000 and £18,000 depending on condition, mileage and features. Whether you’re hitting the road with the kids for a half-term holiday or planning to embrace the #vanlife with your significant other, the Ford Transit keeps things spacious, flexible and best of all, affordable.

Roller Team T-Line 743

Featuring four berths, a chef-inspired kitchen and loads of natural light, the Roller Team T-Line 743 combines luxury, style and comfort. Storage is incredible, making it ideal for larger families. It’s a splurge at £57,100 for the base model but once you get behind the wheel, you’ll realise this motorhome is in a class of its own.

Alpa A9820-2

Marketed as an apartment on wheels, the Alpa A9820-2 reimagines the limits of a motorhome. At nine metres long, there’s plenty of space for the luxurious C-shaped rear lounge and enormous central kitchen. Whether you’re beach-hopping in Cornwall, sailing through stunning mountain passes in the Lake District or immersing yourself in the wild and rugged scenery of the Scottish Highlands, the Alpa A9820-2 will get you there in style. There’s a big price tag to match so if you’re thinking about investing in an Alpa A9820-2 it’s essential to shop around for the best APR rates and finance deals on campervans.

Buying second hand can be a great way to save but it’s important to get your vehicle checked out by a mechanic before committing to a purchase. A lower price can translate to bigger maintenance bills down the lines so it’s best to stay level-headed and make an informed decision based on condition and performance, as well as price.

Calculating your spending power

Want a quick glance at what kind of finance deals on campervans you could be looking at? Our car loan quote calculator gives you an estimate in just minutes. Simply punch in your loan amount, preferred repayment term and credit rating. We’ll then calculate your estimated Annual Percentage Rate (APR) and the total payable amount, including interest. This is a great way to gauge how far your budget will stretch and what makes and models you can afford. 

Finance for all circumstances

Got a less than ideal credit score? Don’t let that stop you from enjoying the great outdoors. We work with a large panel of lenders across the UK, allowing us to secure finance deals on campervans for applicants with credit scores of every calibre. Whether you’re looking for a sleek and luxurious Swift Kon-Tiki Sport 2021 model or a pre-loved and well-travelled Bessacarr, we have you covered with the best campervans on finance deals.

With local travel restrictions easing and vaccination rates on the rise, there’s never been a better time to start shopping around for your dream caravan. Securing car finance before you start browsing makes the process much easier and more enjoyable, giving you in-depth insight into your budget, spending power and monthly repayments.

Rates from 6.9% APR. Representative APR 14.9%

Evolution Funding Ltd T/A My Car Credit

My Credit Rating

Excellent

  • You are a home owner
  • You have been on the electoral role for a long period of time
  • You have current credit arrangements and mortgage with no defaults
  • You have no CCJs, credit arrears or missed payments
  • You rarely apply for credit
  • You are employed or self-employed

Good

  • You are on the electoral role
  • You are a home owner or long standing tenant
  • You have a stable employment history
  • You have current credit arrangements with occasional missed payments
  • You have no CCJs

Fair

  • You are or have recently been on the electoral role
  • You may have recently changed address
  • You may have occasional missed payments
  • You may have an old CCJ
  • You may have regularly applied for credit

Poor

  • You may have had frequent changes in address
  • You may not be traceable on the voters roll
  • You may have exceeded credit card limits
  • You may have missed payments on current agreements
  • You may have had a CCJ in the past

Bad

  • You may not be traceable on the voters roll
  • Your credit cards are over their limits
  • You have recent CCJs
  • You may have been refused credit elsewhere
  • You may be in a debt management plan
£

X monthly repayments of
£X

Typical rate

Loan amount

Total payable

X% APR*

£X

£X

*for illustration purposes only

No impact on your credit score

Representative Example

Borrowing £7,500 at a representative APR of 14.9%, annual interest rate (fixed) 14.85%, 47 monthly payments of £204.69 followed by 1 payment of £214.69 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £2,335.12, total amount payable is £9,835.12.

My Car Credit is a credit broker and not a lender.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!