Caravan Finance
Demand for caravans in New Zealand has increased dramatically in light of recent house price rises and the ever-increasing cost of living. Renovated older caravans are available for up to NZ$20,000 with a new caravan, or motorhome, setting you back anywhere between NZ$40,000 and NZ$100,000.
Here at Crester Credit we take a flexible approach, offering affordable rates to those looking to secure caravans on finance.
We make motorhome loans easy for you
We offer flexible caravan finance NZ-wide, not a one size fits all approach, with repayment terms structured around your income and loan amount. Check our online caravan finance calculator to work out repayments and affordability. You can easily apply online for your car loan today.
We look at the wider picture
Dependent upon suitable security, we can help clients buy caravans on finance up to a maximum of NZ$100,000. Just because you have a challenging credit rating it doesn’t mean the end of your dream! We would be more than happy to talk through your motorhome finance with you over the phone, contact us to discuss your finance options!
We offer affordable interest rates
Here at Crester Credit, we provide caravan loans at rates between 13.95% and 26.98%, depending on your circumstances, credit history and security. For full disclosure of our charges and lending criteria, visit our terms and fees page.
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Caravan Loan Calculator
Use our New Zealand caravan loan calculator to check repayments and get a idea of how much you can borrow. Usually, you’ll make a deposit on the motorhome, which acts as security, with loan repayments normally spread across 48 months.
$30 per week
Our maximum loan term is 3 years so your repayments on a $6650 loan must be $70 (or more) per week
Caravans on finance
It is fair to say that the Covid pandemic revived a love of the New Zealand countryside and domestic holidays. Consequently, the cost of caravans has increased significantly with renovated older caravans and motorhomes available for up to NZ$20,000, good quality second-hand imports now cost between NZ$20,000 and NZ$40,000, with a new caravan setting you back anywhere between NZ$40,000 and NZ$100,000.
Akin to a car, a new brand new caravan could lose up to 20% of its value as soon as it is purchased. After that, the value of your caravan is likely to fall by up to 10% per annum. To maintain maximum value going forwards, ongoing repairs and maintenance are essential. A well-maintained caravan could last for 30 years and beyond.
the application process is straight forward and here at Crester Credit we are committed to finding the best caravan loan for you.
What is the maximum level of caravan finance?
Dependent upon suitable security, we can help clients buy caravans on finance up to a maximum of NZ$100,000. The greater the security, the more attractive the interest rate as the risk factor is reduced. As a responsible lender, we are aware of our obligations regarding sensible lending and will only provide affordable vehicle loans.
Here at Crester Credit, we provide caravan loans at rates between 13.95% and 26.98%, depending on your circumstances, credit history and the security you can provide. The rate is fixed for the entire term of the loan. This tends to be up to 3 years but can be extended in certain circumstances. If you’re a first time borrower please feel free to contact our finance specialists and we can discuss your circumstances and the best deal for you.
Rest, relax and recuperate in your camper
While there are some static caravans, most are mobile, which allows you to hitch them up to your vehicle and hit the highway. Whether you are looking to sample the country life for just a weekend, a few days or a couple of weeks, there are many options. You might be surprised if you compare and contrast the cost of an overseas holiday each year against what you would pay with caravan finance.
For many people, the beauty of a caravan is the fact that once you have acquired the caravan, that is the bulk of your long-term costs. Many people now see an investment in a caravan as a long-term alternative to often expensive international holidays, offering greater flexibility when it comes to taking a break at short notice
Frequently Asked Questions
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There is no denying that interest in caravan loans has increased dramatically in light of Covid, the increased price of homes and the cost of living crisis. If you’re a New Zealand resident you have a world of adventure right at your doorstep! With many people not able to afford their traditional international breaks, there is renewed interest in domestic holidays and enjoying the beautiful countryside of New Zealand.
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Yes. While local authorities are often sympathetic to those looking to pitch their caravan, the more common locations tend to be private pay campsites, designated camping areas and Department of Conservation campsites. You can also put your caravan on your private property but can only live there permanently for a maximum of 60 days per calendar year.
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Here at Crester Credit, we provide caravan loans at rates between 13.95% and 26.98%, depending on your circumstances, credit history and the security you can provide. The rate is fixed for the entire term of the loan. This tends to be up to 3 years but can be extended in certain circumstances.
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While there is nothing stopping you from living permanently in a caravan, it is not simply a case of pitching where you want and staying there indefinitely. To be classed as a permanent residence, the caravan must have access to a sewage system, greywater and rainwater and be considered separate from your primary home.
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Contrary to popular belief, you do not have the right to pitch your caravan anywhere you want and stay there for even just a few days. The renewed popularity of caravanning in New Zealand has seen the emergence of caravan apps which will direct you to the nearest campsite. There are plenty to choose from!
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Due to recent travel restrictions and the cost of living crisis, there has been a significant increase in the price of second-hand, refurbished and brand-new caravans. Many people now see an investment in a caravan as a long-term alternative to often expensive international holidays, offering greater flexibility when it comes to taking a break at short notice.
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Insurance for your caravan is not a legal obligation, but it is sensible as repairs and maintenance can be expensive. While your home insurance may cover the contents of your caravan (essential to check), it is unlikely to cover any damage caused by flood, fire or theft. So if you’re wanting peace of mind it’s worth looking into!
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Whether you have a static caravan or a mobile caravan, there may be the opportunity to make extra money by renting it out when not using it. It is important to be selective about who you rent the caravan to as there may be an increased risk of damage as well as general wear and tear. As the popularity of caravans has increased of late, this could be an interesting way to supplement the cost of caravans on finance.
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Akin to a car, a new brand new caravan could lose up to 20% of its value as soon as it is purchased. After that, the value of your caravan is likely to fall by up to 10% per annum. To maintain maximum value going forwards, ongoing repairs and maintenance are essential. A well-maintained caravan could last for 30 years and beyond.
APPLY NOW u0026 YOU CAN BE APPROVED BY
Our online application form takes only six-eight minutes to complete. Start by filling this in, and if you’d like to talk with one of our loan officers, please make a note of it in the application.
Vehicle Finance Questions? Ask Our lending team.
We respond to our clients seeking pre-approval on finance to buy a caravan, almost immediately. In the meantime, please review our commonly asked question’s about finance rates, establishment fees, annual interest rates, early settlements, the responsible lending code of New Zealand, and the application process. We’re here to help with everything caravan finance related.
FAQ