Getting a caravan is a fantastic way to enjoy the travelling and going on holidays for long weekends. Here you get a car and a home rolled into one allowing you to become something of an automobile-snail. At the drop of a hat you can travel to any location you would like to visit and then spend a whole weekend there or at least a few days, eating in the caravan, sleeping there and using it to get shelter from the weather. It’s highly practical but most of all its liberating allowing you to go anywhere with no rush to get home at the end of your travels.

But in order to get a caravan you will need to be able to finance the caravan first. Here you have all the problems associated with financing a car – it’s just not cheap to buy any new automobile of any kind and especially as you will likely have a caravan on top of your ‘regular’ run around car. Further to this a caravan is a particularly large vehicle that needs a larger engine too due to its heavier weight and all this means that it’s not a cheap vehicle by any standards.

There are caravan finance options and there are several ways to get around this problem which we shall look at here. First and foremost you might want to look into getting the financing from the place that you buy the caravan – the car dealership. This option can be financially smart in that they will want you to be able to afford the vehicle. However that does not necessarily mean that it’s the best option or the cheapest one and you will often find that you end up spending a lot of money this way – potentially even more if you end up paying loan repayment insurance on top of that which is often added to the cost of your loan without your even being aware that it has been. While loan repayment insurance is always a good idea, you do want to try and get this from another company as you will get much better rates and will be covered for more eventualities.

Another option is to take out a general loan from a bank. This option is of course viable, but again it won’t always be as flexible as you would like. What’s more suited to this then is to get caravan finance from a specialist company which will deal only with these kinds of loans – or at least a general auto finance company. The terms and conditions here will be better as they will be loaning only these relatively safe loans which involve large amounts of money over a relatively short term.

There are various ways you can make the interest lower when you take out caravan finance. As with any loan it is a good idea to make sure that you choose a loan that has a good interest rate to start with and that is flexible. Work to improve your credit rating on top of this, and place down a large upfront payment and you will reduce the price further.