Leisure Finance
8.9% APR Representative
We are a credit broker, not a lender
8.9% APR Representative
We are a credit broker, not a lender
As featured in...
This representative finance example is for illustrative purposes only. For a tailored quote, contact our team using the contact form on this page.
Got questions?
Our team are on hand to help answer any queries you may have. You can call us, chat with us on WhatsApp and Live Chat or get in touch using the contact form in the footer.
FAQs
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Yes, a substantial number of motorhomes and campervans are now being purchased using finance products. At Magnitude Finance, we work with a large panel of lenders that specialise in funding leisure assets for both consumer and business applications.
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Unfortunately not, we do not have access to any lenders that will fund private sales for leisure vehicles. Finding a similar vehicle at a reputable dealership will normally offer a more secure purchase and open up many more lending options.
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Yes, we can offer PCP and RV-based products, this will depend on the age of the vehicle and the customer’s occupation. This can be a great way of reducing the length of the agreement and is very popular in the business community, as these customers tend to fund leisure vehicles on shorter terms.
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The majority of customers fund their campervans and motorhomes over 120 months (10 years), but we can extend the term to 180 months (15 years) depending on the age of the vehicle.
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Yes, you can make a joint application. This is a popular option with leisure vehicles, please note both applicants must live at the same address.
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Yes, the interest rate is fixed for the term of the agreement, so you will know exactly what your monthly payment will be each month without any fluctuation.
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At Magnitude, we work directly with the lender to secure the lowest interest rates we can. You don’t pay us for our services so we can secure lower rates than most dealers. Our representative APR is 8.9% which means the majority of our customer that apply, get the advertised rate.
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Yes, speak to one of our team to discuss your options.
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Yes, when our team arrange the finance for you, some lenders may ask if you have a pension or another income in place for when you do choose to retire.
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Yes, but this will depend on the amount you are looking to finance, and the lenders available will be limited. For lower value vehicles this is normally not an issue, but it will take longer for you to pay off your finance.
The average deposit is usually 10% of the price, and on higher value vehicles the lender may ask for a larger deposit depending on your situation.