Funding your campervan can be a struggle, or you may just want to build the purchase into your monthly outgoings. Here at VW-T we ensure that you have the facilities that you need in order to spread the cost of the campervan over a period of three, four, or even five years.
We have partnered with one of the leading finance companies in the UK that does thousands and thousands of finance arrangements every month. The majority of our customers choose to spread the entirety of the cost of the campervan over the finance period, with some including a final payment and a deposit. This works better than lease/purchase option agreements.
Due to the flexibility of our finance partner we are able to help most people that come to us. As long as you haven’t got particularly bad credit, and have some history of credit usage, you may be able to get finance for a campervan through us. Everyone’s situation is different though and our finance partners will assess your creditworthiness based on a number of factors that they consider important.
Applying for finance with our partners is a quick process. We normally get a response within hours, and can then have you drive away a new vehicle as soon as it is prepared for you to take delivery. Most of our vans are ready for the road and have been serviced and so you may be able to take possession the same day.
Think carefully before taking finance
When you choose to purchase a vehicle on finance you need to ensure that you can keep up with the monthly payments. Don’t overstretch yourself and put yourself under undue financial stress, otherwise the dream van may turn into a financial burden. Only purchase what you can afford to repay, and bear in mind that your circumstances may change.
Choose your model. Apply and drive your dream VW campervan
Take a look through the models available in our showroom and then choose your favourites. Our finance arrangements are generally secured against the vehicle and so you won’t own the vehicle until the end of the finance process. Because the vans are T5 and T6 models, and are relatively new, they are pretty much guaranteed longevity and to be worth a lot of money at the end of finance period. This is a major advantage over purchasing cars which tend to depreciate much faster.
Take the first step towards a dream VW campervan by applying for finance today. A T5 or T6 model campervan may be within reach even if you can’t afford or don’t want to pay for it in one lump sum.
Use your Savings/Cash
Advantage: You own the vehicle straight away with no interest charges.
Disadvantage: You have less savings to make interest on. You have less provision for that ‘rainy day’ or ‘emergency’. You would need to sell your vehicle to release your cash.
Our arranged finance gives you: Fixed interest rates. Security of the Consumer Credit Act. Immediate access to your unused cash.
Get a Secured Loan
Advantage: Can be low rate APR%
Disadvantage: Payments can be long term so low APR may seem attractive but you will pay more interest in the end. Payments secured on your property so missed/late problems will affect your credit rating or worse.
Our arranged finance gives you: Tailored plans over the term you want and payments you can afford. Interest will be fixed for the term. Loan is secured against your car, not your house so lower risk. Cover under the Consumer Credit Act.
Get an Advance on a Mortgage
Advantage: Low interest rates compared to short term loans.
Disadvantage: Loans are long term and will cost more in the end. You can borrow less if you want to move. Your house equity will be lower and if house prices decline you could be in a negative position quicker. High ‘set up’ fees may apply.
Our arranged finance gives you: Consumer Credit Act Protection. Fixed terms and rates. Loans that are secured against your vehicle, not your property.
Obtain a Bank Loan
Advantage: All you finance in the same place. Attractive looking rates (providing you’re one of the low percentage of people that qualify due to your credit score)
Disadvantage: Your credit lines are limited if you need another loan. Decisions and payouts can take time. May involve lengthy and complicated documentation.
Our arranged finance gives you: Decisions, often in minutes or hours, not days. Simple application process administered by us. No proof of earnings required.