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Bad Credit Motorhome Finance

June 26, 2023

Dreaming of embarking on an adventure in a motorhome but concerned about bad credit? No need to worry! There are still plenty of options available for you.

Bad Credit Motorhome Loan: Can I Get a Loan for a Motorhome with Bad Credit?

This is a question we frequently encounter: Can individuals with bad credit obtain a loan for a motorhome? We are delighted to confirm that yes, we can assist in securing a loan for customers with a history of poor credit. Thanks, in part, to the great relationship we have with our network of lenders.

Motorhome Finance Bad Credit - Dream Motorhome

Is an Offer of Motorhome Finance Guaranteed For Me? Even Though I Have Poor Credit?

While we can’t guarantee a definite yes, here at Pegasus Finance, we don’t rely solely on computers and technology to approve our customers’ loan applications. We take a human approach. This means carefully examining each application to present compelling reasons to our lenders why your application should be approved, regardless of your financial history.

We handle all finance applications, including motorhome loans, with the utmost confidentiality. In the majority of cases (90%) involving customers with poor credit, there is no need for a hard credit search when you initially apply. Once we have identified a suitable lender and loan for you, we always reach out to discuss your options.

The motorhome loans we access not only assist you in purchasing your dream new motorhome. Also, we can arrange finance for second-hand and private motorhome sales. This is often a more cost-effective option for individuals with a poor financial history who aspire to own their dream motorhome. Our partners at Campers4Sale offer an extensive selection of motorhomes for sale, both from dealers and private sellers, making it an excellent starting point for your motorhome search.

Don’t let bad credit deter you from hitting the road in a motorhome! With the right approach and a partnership with the 5-star broker Pegasus Finance, you can still turn your dream into a reality.

Guaranteed motorhome finance – fact or fiction? We covered this subject in a separate blog. CLICK HERE to read and find out more.


Here are a few additional tips that can be helpful:

  1. Research Your Options: Look for lenders who specialise in motorhome loans or offer financing options specifically tailored for motorhomes. Fortunately, at Pegasus Finance, we cover both categories! Our extensive network of lenders, including sub-prime lenders, gives us a wide range of options. Our specialisation in motorhomes ensures you’ve come to the right place.
  2. Check Your Credit Score: Sometimes, customers believe they have poor credit when, in fact, their credit standing is not as bad as they think. It’s always beneficial to know your credit score. There are free online services such as Credit Karma and Credit Sesame that can provide this information.
  3. Consider a Secured Loan: This type of loan involves using collateral you own, such as a house or car, to secure the loan. Some lenders offer more options if you can secure the loan against a property, but this approach requires careful consideration. Defaulting on payments could result in repossession of your home or car.
  4. Find a Joint Hirer: A joint hirer acts as a guarantor for your loan. They agree to cover the monthly repayments in the event that you default. Again, this type of loan should be approached cautiously. The joint hirer must fully understand the risks involved.
  5. Save for a Deposit: Providing a larger deposit means you’ll need less financing. This can make lenders more inclined to approve your loan, as the lower amount reduces their risk.

For comprehensive advice, it is recommended to consult a financial advisor. The aforementioned tips are simply a collection of common suggestions that specifically aid customers with bad credit in obtaining finance for a motorhome.

Other Helpful Links and Articles:

  • Looking to take the plunge and buy your first motorhome? Our friends at Campers4Sale have hundreds of vehicles for sale Including new, second-hand and private sale. CLICK HERE to be taken to
  • Wondering how much deposit you need for a motorhome? CLICK HERE to read our answer
  • Find out more about our thoughts on bad credit motorhome finance HERE

Ready to apply?

Looking for a free, fast, no-obligation service? Apply today! CLICK HERE for our online application form. A member of our friendly broker team will be in touch shortly.

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