Caravan Financing
Motorhomes and caravans are often purchased through financing. It's important to have proper insurance, as they're frequently used around the clock, especially in summer, either on the road or as living quarters. Financing can be challenging to obtain for older recreational vehicles since the financing company cannot inspect the vehicle in person to make a financing decision. The age and mileage of the vehicle significantly impact financing terms. However, motorhomes can be financed through various options including standard and light installment plans.
What to consider in caravan financing?
- You must have a valid driver's license for the vehicle you're financing.
- You don't need collateral – the vehicle itself serves as security in our financing.
- The financing company owns the financed vehicle, which provides protection for you!
Caravan financing VS bank loan
When buying a motorhome, consider how much you'll use it and what you want to pay monthly. For many, a motorhome is seasonal, though some may live in one year-round. If you're looking for a low-mileage, newer motorhome, you have a good chance of getting affordable financing. However, you must understand that taking out insurance is important in this case. For a bank loan, you'll likely need to put up collateral to get good terms. For more affordable, older, and higher-mileage vehicles, financing is still worth considering, as interest rates remain reasonable and comprehensive insurance isn't required year-round.
Submit financing applicationHow do we operate?
1. Application
Submit a financing application on Rahoituskumppani's website. Please fill in all fields of the application so we can make an offer. The final item for which financing is applied does not need to be the same as in the first application, as we can update the item later if needed. The financing offer is always based on the overall picture, which is influenced by the item, structure, and applicant. The offer itself is not binding. If you want quick processing, or have already tentatively agreed on a deal with the seller, contact us by email at myynti@rahoituskumppani.fi
2. Contact
After receiving the credit application, we process it with several financing companies. We always compare multiple options and then review the possibilities with you. Once we agree on the financing, we ask you to contact the seller directly. This way you can freely agree on a suitable schedule and choose the most suitable place for the deal. All deals are carried out with Rahoituskumppani's chosen partner. We also ask you to tell the seller that Rahoituskumppani will be financing the deal, and that we always call the seller.
3. Contacting the seller
We always call the seller directly and explain how Rahoituskumppani's process works. We also tell them that the buyer has received an approved credit decision from us and that we will be financing the device for the new user. We act as the payer and transfer the entire purchase amount to the account chosen by the seller. We always also explain our background and all our partners. In the conversation, we open up payment schedules, necessary paperwork, and insurance, among other things. Doing business with us is always safe and easy. We always check the identities of all parties to the deal, and the sales contracts are signed through strong authentication.
4. Appointment booking
An appointment must always be made at our office. We are happy to book the appointment for you, unless you specifically want to book it yourself. If you want to book the appointment yourself, please always contact our sales so we can contact the relevant station and forward the necessary information. This applies to all rubber-wheeled vehicles and snowmobiles. For watercraft, we do our own inspection, and in this case, the inspector also acts as the identifier. If a common time at the station cannot be scheduled, the device can be taken to a different station than the personal visit if necessary. In any case, everything will definitely be arranged!
5. Electronic sales contracts
We almost always make electronic sales contracts, and 90% of financing agreements are now also in electronic form. We send all sales contracts by email, and they use strong authentication linked to the personal identity code. If necessary, we also handle deals on paper at the inspection office. We take care of the necessary paperwork for you, except for the test drive form, so you can focus on what matters.
6. Finalizing the deal
With all parties present, we check the parties' identities at the same time as inspecting the subject of the deal. The vehicle also normally undergoes a periodic inspection. The vehicle is also verified on each visit by checking the chassis number from the device. Electronic sales contracts are signed at the place of sale when the necessary procedures have been completed. If the buyer has a trade-in car, it is left at the station. The buyer also signs the electronic financing agreement. When the papers are signed and the people making the deal and the vehicle have been checked, the deal is complete. The seller provides the electronic certificate and account number.
Why finance your caravan through Rahoituskumppani?
At Rahoituskumppani, we can find a financing solution that suits your motorhome and you. It's important to us to make vehicle purchases safe – we also offer Kumppaniturva protection for motorhomes. We handle the practical matters like contracts and registration, so you have time to thoroughly inspect the vehicle and consider if it's right for you. Motorhomes also require inspections, so it can be re-certified at the time of purchase.
Read more about Rahoituskumppani's processVehicle Inspection Checklist
Motorhomes are anything but ordinary cars, even though they have wheels. You need to focus on the inspection, which is why we created a checklist for motorhome inspections. Vehicle financing is important to sort out, but it's a small part of your life with a motorhome. Focus on the items in our list so you can be satisfied with your purchase – we'll help with the financing!
Inspection checklist for buyersCustomer Service
Our expert financing specialists will help you find the best financing options.
