A motorhome is a vehicle and a home in the same bodyshell, and the lender who prices only the chassis will always get the number wrong.
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Yes. A motorhome is funded as a vehicle asset, normally on hire purchase secured against the motorhome itself, so the vehicle is the security and nothing else has to be pledged. Where the buyer is an individual purchasing for private leisure use, the agreement is usually regulated consumer credit, which narrows the panel to lenders authorised for that and brings consumer protections with it. A motorhome bought through a company for hire or commercial use is unregulated business finance instead. Used stock funds routinely. The point that catches most people out is that lenders assess the vehicle’s age at the end of the agreement, not on the day it starts.
Used kit: Yes — used motorhomes are funded as a matter of routine, and vehicles around ten to fifteen years old are still comfortably placeable with a habitation check and service history behind them.
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Business asset finance is quoted on a flat rate, so that is what this shows — with the equivalent APR underneath, because the two are not the same number. A quick guide only; your actual rate depends on the asset, term, deposit and lender.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 6.0% flat rate (equivalent to 11.5% APR representative), you would repay around £646 a month; total amount repayable approximately £31,000, of which £6,000 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval. CW Asset Finance is an Appointed Representative of Rural Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630701).
The first question a funder asks is not about the motorhome, it is about who is buying it and why. Private leisure ownership means regulated consumer credit and a smaller, specialist panel; a hire fleet or a company vehicle is unregulated and opens a different set of funders entirely. Get that wrong at the outset and the application goes to the wrong desk. After that, underwriters split the asset in two: they price the base chassis, which depreciates like any commercial vehicle, and then the habitation conversion, which does not. A mainstream converter on a recognised chassis with a full documented build is the easy case. Imports, obscure marques and heavily personalised interiors thin the panel without closing it.
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| Bailey Autograph 79-4 | British built coachbuilt motorhome |
| Bailey Adamo 75-4I | Low profile British motorhome |
| Swift Escape 674 | Family coachbuilt motorhome |
| Swift Kon-Tiki 675 | Premium British coachbuilt motorhome |
| Auto-Trail Frontier Delaware | Luxury rear lounge motorhome |
| Elddis Autoquest 196 | Compact coachbuilt motorhome |
| Hymer B-Class ModernComfort I 680 | German built A-class motorhome |
| Rapido C-Series C86 | French coachbuilt motorhome |
| Adria Matrix Axess 600 SL | Low profile European motorhome |
| Burstner Lyseo TD 728 | Twin single bed coachbuilt motorhome |
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Most enquiries come from people in their fifties and sixties who have owned a touring caravan for years and have decided they would rather not tow. The trigger is usually retirement, a redundancy settlement or the last child leaving home. A second group are younger families buying something modest to use in school holidays. Both tend to arrive having already found a specific vehicle at a dealer and wanting to know whether it can be funded before the deposit goes down.
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Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
No. Hire purchase is secured on the motorhome and the funder holds title until the final payment clears, which is why it tends to price better than an unsecured personal loan for the same vehicle. A personal loan leaves you owning the vehicle outright from day one but the lender is taking a bigger risk, and the cost usually reflects that.
Not necessarily, but it helps. Homeowner status is one of the things a consumer lender weighs alongside affordability, credit history and how long you have lived at your address. Tenants are funded regularly on motorhomes, particularly where there is a meaningful deposit or a straightforward, mainstream vehicle behind the agreement.
Sometimes, but it is harder. Most funders want the vehicle already registered in the UK with a V5C before they will release money, which creates a timing problem when the seller wants paying first. The workable route is usually to complete the import and registration, then arrange finance against the vehicle once it is on UK plates.
On an older vehicle, frequently yes. A habitation check covers the damp readings, gas and electrical systems in the living area, which is the part of the motorhome that actually carries the value. A recent, clean report makes an older vehicle noticeably easier to place and is worth having whether the funder insists or not.
Yes. You can request a settlement figure from the funder at any point, and dealers deal with this constantly when a motorhome is being traded in. The settlement is simply cleared out of the part-exchange value or the proceeds of sale, with any equity going towards the next vehicle.
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Not an offer of finance. All finance is subject to status, affordability and lender approval.
Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
Prefer to talk? Call 07581 364281 · serving Leeds, York, Harrogate, Wakefield, Selby, Tadcaster & across North & West Yorkshire.