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Unlock the Best Ways to Finance a Motorhome in the UK: A Must-Read Guide

June 29, 2023

What Is The Best Way To Finance A Motorhome? A Comprehensive Guide with experts Pegasus Finance

The allure of life on the open road in your very own motorhome is compelling: the freedom to explore, the tranquility of nature, and the convenience of mobile living. However, one crucial question persists: what’s the best way to finance a motorhome? The best way to finance a motorhome depends on your circumstances and the vehicle you want to purchase. There is no one-size-fits-all answer.

At Pegasus Finance, we are the motorhome finance experts. We’re equipped to guide you towards a strategic and affordable motorhome purchase. Let’s delve into a roadmap for smart motorhome financing.

Identifying Your Ideal Motorhome

The initial step is to define your perfect motorhome. Take into account size, built-in amenities, fuel efficiency, and design. Your choice significantly influences your financing options. It’s vital to remember that your “dream” motorhome shouldn’t equate to a motorhome that strains your financial resources.

A great place to start your search for your dream motorhome is at You can view and enquire about a wide range of vehicles all in one place.

What is the best way to finance a motorhome UK? Feature image

Other Motorhome Costs

Remember, the initial price of the vehicle is just the beginning. Consider the costs of maintenance, fuel, insurance, and other auxiliary expenses associated with motorhome ownership.

Pegasus Finance: Your Partner in Financing

This is where Pegasus Finance steps in. With our vast network of lenders and competitive rates, we position ourselves as your comprehensive resource for motorhome finance. Our focus is to secure the most favourable deal for you. Motorhome finance is not straightforward, ensure you rely on an experienced team like Pegasus Finance to understand your needs and get you the best deal possible.

Personal Loans vs. Motorhome Financing

When it comes to financing options, you generally have two choices: personal loans and motorhome financing.

Personal loans have their advantages. They are generally reliable and suitable for smaller amounts. However, they may not be the best fit when it comes to larger investments like motorhomes.

On the contrary, motorhome financing is explicitly designed for the unique requirements of motorhome purchases. Rates and terms tend to be more flexible, allowing you to customise them to your financial situation, thus ensuring manageable repayment schedules.

The best option is motorhome financing on a HP (Hire Purchase) or CS (Conditional Sale) agreement with one of our lenders. HP and CS financing offer longer, more affordable terms for most customers over a personal loan.

Hire Purchase (HP):

Hire Purchase is a type of vehicle finance agreement where the cost of the vehicle is spread over an agreed period. Generally that is 10 years on a motorhome. However, as specialists in leisure vehicle financing, Pegasus Finance can offer terms of up to 15 years (conditions apply).

With a Hire Purchase, you make monthly payments. At the end of the term, once all payments (including an Option To Purchase fee) have been made, you will own the vehicle outright.

It’s important to note that during the term of a HP agreement, the lender technically owns the vehicle and you are essentially hiring it. Ownership is transferred to you once the final payment and Option To Purchase Fee is made.

Conditional Sale (CS):

Conditional Sale is very similar to Hire Purchase. The main difference is that at the end of the agreement when all payments have been made, ownership of the motorhome is automatically passed to you. There is no Option to Purchase fee.

Finding the Perfect Fit

It’s paramount to find a financing solution that aligns with your financial situation. This isn’t a scenario where a perfect approach for everybody exists. With Pegasus Finance, you’ll have access to a dedicated advisor who understands both the financial aspects and the intricacies of leisure vehicle ownership.


Financing a motorhome doesn’t have to be an overwhelming process. With careful planning, diligent market research, and the expert guidance of Pegasus Finance, your dream motorhome can become a reality in a financially sound manner. Remember, investing in a motorhome is not just about acquiring a vehicle; it’s about embracing a lifestyle of freedom and adventure. At Pegasus Finance, we are here to make this lifestyle a feasible, affordable and stress-free reality.

Frequently Asked Questions

Should I finance a motorhome?

Financing a motorhome can be a good choice if you’re looking for a flexible travel lifestyle and can manage the monthly payments. However, be mindful of the long-term financial commitment involved. Consider your usage frequency and budget carefully.

You may also like:

Want to know if there’s such a thing as guaranteed finance? CLICK HERE to find out in our blog “Guaranteed Motorhome Finance: Fact or Fiction?”

Wondering what type of deposit you can expect to need for your new motorhome? CLICK HERE as we answer this question in detail.

Are you ready to make a no-obligation, fast finance application? CLICK HERE to find our simple online application form.


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