How Motorhome Finance Works
Arranging the most suitable motorhome finance is a specialised task and Pegasus Finance is a specialist broker, matching you with suitable motorhome finance from our panel of lenders.
We are a broker, not a lender, so we can offer a range of finance products rather than one in house option. We take your circumstances into account and help you find finance that fits your budget, so you can drive away in the vehicle of your dreams.
Our motorhome finance deals offer greater flexibility. Not only do we fund new motorhomes and campervans, but if you’re looking to buy a second hand vehicle, we’re happy to finance older motorhomes, higher mileage and even left hand drive or converted ones.
Use our finance calculator for an idea of monthly payments before you apply.
Motorhome FINANCE BENEFITS
- Competitive interest rates
- Borrow £10,000 to £350,000
- No deposit required
- Flexible terms up to 15 years
- Buy from any UK dealer
- Quick process to pay out
Your vehicle may be at risk if you do not keep up repayments.
Affordable Ownership with 15 year terms
Buying your new or used motorhome is likely to be a huge investment, second only to buying a new home. In an effort to maintain monthly payments at an affordable level, we offer motorhome finance options up to a maximum of 15 years, thus keeping down payments. Ask us about long terms and lower payments, you may find ownership is more achievable than you thought.
Motorhome Finance for New, Used & Older Motorhomes
Whether you want to spend £100,000 on the latest, most luxurious coach-built model or would rather borrow £20,000 for something more modest, Pegasus Finance can help. We specialise in motorhome finance loans which are built around our customers – meaning you can borrow the amount you need, for the model you want and at a low APR.
Our motorhome loans are nothing if not flexible, offering you the freedom to spread your monthly repayments over a term of up to 15 years. That way, you can keep monthly payments affordable on even the most expensive models.
Your credit history will ultimately determine the lowest interest rate available, but we hate to say no, so even if you have a bad credit history we should still have extremely competitive options for you to take advantage of.
Buying A Motorhome On Finance
If you’ve already found your ideal motorhome for sale, simply fill in our short application form and, within 60 minutes (during working hours), one of our expert finance advisors will be in touch with a decision. If you have vehicle details available at this point, we should be able to finalise your motorhome finance there and then
Still searching for the motorhome? If so, you can get approved in advance. By applying before you settle on the right model, you’ll be able to continue your search secure in the knowledge that the funds are already taken care of.
To kick off your search we recommend you visit www.campers4sale.co.uk and see their motorhomes for sale.
Where Can I Buy A Motorhome From?
The short answer is ‘almost anywhere’. With regards to private sales, we’ll check the vehicle for any outstanding finance or any dubious history – as well as speaking to the seller to verify that they’re the legal owner and therefore entitled to sell the motorhome. In these cases, we recommend that customers ensure an independent check is completed to ensure the vehicle’s quality and road-worthiness before buying motorhomes on finance.
When it comes to dealership sales, we’ll also make it our business to assess whether the motorhome has any outstanding finance or dubious history to speak of – and we’ll speak to the dealer to verify their credentials, giving you peace of mind that they’re 100% legitimate. Once you’ve found a suitable motorhome for sale, simply give us the dealership’s name and address and we’ll take care of the rest.
The moment you’re happy with your motorhome finance quote and have signed the necessary documents, we’ll pay the seller directly. This will leave you to simply collect your motorhome and start planning your next holiday.
How motorhome finance works, step by step
- Tell us what you need. Complete our short online application. Our initial check is a soft search, so it won’t affect your credit score.
- Speak to your dedicated advisor. We’ll listen to understand your circumstances and match you with lenders from our panel whose criteria suit you.
- Get your decision. On average we return a decision within 60 minutes of receiving your details, during working hours.
- Choose your motorhome. Buy from a dealer or a private seller. If you haven’t found it yet, you can be approved first and shop with your budget in mind.
- Sign and collect. Once you’ve reviewed and signed your agreement, the lender pays the seller directly and you can collect your motorhome.
Who can apply for motorhome finance?
You can apply if you’re a UK resident aged 18 or over with a regular income. Lenders look at your income, your existing commitments and your credit history to make sure the monthly payments are comfortably affordable.
If you’re self employed or retired, you can still apply. You may simply be asked for different evidence of income, such as accounts, tax returns or pension statements. Our guide on how much you can borrow for a motorhome explains what lenders look at in more detail.
Motorhome finance FAQs
How much can I borrow?
Through our panel of lenders, we can arrange motorhome finance from £10,000 to £350,000. The amount you’re offered depends on your circumstances and the motorhome you choose.
How long can I finance a motorhome for?
Terms run from 12 months up to 15 years, depending on the lender, the vehicle and your circumstances. A longer term lowers the monthly payment but usually increases the total amount you repay. Read more in how long can you finance a motorhome for.
Do I need a deposit?
Not always. No deposit motorhome finance is available to suitable applicants, subject to status. A deposit or part exchange reduces how much you borrow and the total you repay, and can widen the choice of lenders available to you.
Can I finance an older, high mileage or left hand drive motorhome?
Yes. Many lenders prefer newer vehicles, but we work with lenders who consider older and higher mileage motorhomes, left hand drive imports and professionally converted vehicles.
Can I buy from a private seller?
Yes. We can arrange finance for motorhomes bought privately as well as from dealers. We check the vehicle and the seller as part of the process. Our guide on how to finance a motorhome from a private seller explains each step.
Can I get motorhome finance with bad credit?
Past credit problems don’t automatically rule you out, although they may affect the rate or the amount you’re offered. Finance is always subject to status and affordability. Our guide to bad credit motorhome finance explains more.
What rate will I be offered?
Your rate depends on your credit history, the vehicle, the amount you borrow and the length of the agreement. You’ll find our representative example at the bottom of this page, and our guide to motorhome finance rates explains what affects the rate you’re offered.
Can I refinance my existing motorhome?
Yes, we can help with refinancing an existing motorhome agreement. Before deciding, check whether your current agreement has any early settlement charges, and compare the total amount payable as well as the monthly payment. Contact our team to talk it through.
Helpful motorhome finance guides
- What is APR and how does it affect your motorhome finance?
- How much can I borrow for a motorhome?
- Motorhome finance rates: what affects the rate you’re offered
- How to finance a motorhome from a private seller
- What to look for when buying a used motorhome
Finance is subject to status and affordability. Terms and conditions apply.
