Yes, whether you are a business or a private buyer. A hire fleet, holiday park or site operator buying towed caravans takes commercial asset finance. A family buying a touring caravan for holidays takes a regulated consumer credit agreement, which carries the fuller set of consumer protections. We arrange finance for both, subject to lender approval.
Lenders look at the caravan as an asset in either case: age, condition, CRiS registration and identification, and how readily it could be sold if the agreement failed. Well-known makes in good condition with a clear identification history are easier to place than older or unusual units.
On the regulatory side, finance to an incorporated business for business use sits outside the consumer credit regime. Sole traders and partnerships are individuals in law, so their agreements can fall inside it depending on the amount and purpose — broadly, business-purpose borrowing above £25,000 sits outside the regime, but check the current position rather than relying on that number alone. A purchase for personal use is regulated, with the statutory information, early settlement and termination rights that go with it.
Where the caravan is bought to be hired out to holidaymakers rather than used by the owner, lenders assess hire-fleet use differently and some restrict it or ask for a larger deposit.
In every case the caravan secures the agreement and can be recovered if you do not keep up payments. Caravans also depreciate, so it is possible to owe more than the unit is worth for part of the term, and storage, insurance and servicing costs run alongside the finance. Nothing is approved until a lender has assessed the application in full.