Finance Options
Static Caravan Finance
Static Caravan Finance
Flexible Funding OptionsThinking about buying a static caravan but not sure how to fund it? You’re not alone. Static caravan finance options can feel a little confusing at first, especially if you’ve never bought a holiday home before. At Patrington Haven Leisure Park, the team has been helping families in Yorkshire find their way into caravan ownership for over 40 years. Whether you want to buy outright, use a hire purchase agreement, or explore specialist finance, this guide walks you through every realistic route, how each one works, and what to think about.
FOUR MAIN WAYS
TO FUND A CARAVAN
Buying Outright
For those who have the funds available, purchasing outright means no interest charges, no monthly repayments, and immediate ownership. For some buyers, this provides peace of mind and simplicity. Others prefer to retain savings and spread the cost. We are happy to help compare the overall cost of each option so the buyer can make an informed decision.
Third Party Finance
Third party finance is when someone arranges their own funding. This could be a personal loan from a bank, a loan through a credit union, or even a private arrangement with a family member. The advantage here is that they're in control of who they borrow from and what terms they agree to.
Mainstream Hire Purchase Finance
This is the most common caravan finance option across the UK, and it's how the majority of static caravans are purchased. A mainstream hire purchase agreement spreads the cost of a caravan over a fixed term, so the buyer pays the same amount each month until the final payment, at which point the caravan becomes fully theirs.
Specialist Finance Packages
If a credit history is not straightforward, there may still be options available. We work with lenders who assess applications on an individual basis. Please note approval is never guaranteed, interest rates may differ depending on credit profile and all applications are subject to status and affordability checks. We encourage open and honest discussions to provide realistic guidance.HOW TO CHOOSE THE RIGHT CARAVAN FINANCE OPTION
Everyone’s circumstances are different, but these are the main things worth thinking through.
Are there savings available? It’s worth comparing the cost of using them against the cost of a finance package.
What does the credit history look like? A strong credit score opens up mainstream hire purchase at the best rates. If it’s less straightforward, a specialist lender may be the better route.
How comfortable are you with monthly commitments? Some people prefer to own outright and be done with it. Others would rather keep cash liquid and manage a monthly payment. Neither is wrong.
Planning to upgrade in a few years? If so, it’s worth factoring that into how you finance the original purchase.
SEE WHAT MONTHLY PAYMENTS COULD LOOK LIKE
One of the first questions people ask when exploring caravan finance options is: “What would I actually pay each month?” It’s a fair question, and the answer is often more affordable than people expect. To give you a realistic idea of your static caravan monthly payments, use the park’s helpful finance calculator below.
Pricing Calculator
Use the Park’s helpful finance calculator to find out just how affordable owning a holiday home can be here!
| Select | Term (Months) | Rep APR | Purchase Power | Total Amount Payable | Total Charge For Credit | Est. Monthly Payment |
|---|---|---|---|---|---|---|
Holiday home cash price includes siting, connections and standard accessories. Park cannot be used as a permanent residence. Patrington Haven Leisure Park Ltd is registered in England (No. 01663549) and is an FCA registered (Financial Services Register No. 670671) as a credit broker / intermediary. Registered office: Patrington Haven Leisure Park, Patrington, Hull HU12 0PT.
Funding upto 120 Months is available for new holiday homes
How Finance Is Offered
Patrington Haven Leisure Park can introduce you to a limited number of finance providers and/or credit brokers (together referred to as “credit firms”). We may work with one or more credit firms, each of which may offer different interest rates, charges and terms.
We may have commercial arrangements with the credit firms we work with. These arrangements may include, for example, a requirement to submit your application to one credit firm first or exclusively.
Patrington Haven Leisure Park does not provide advice or make recommendations in relation to finance. You are responsible for deciding whether any finance agreement is suitable for you.
Eligibility For Finance
All finance is subject to status and approval. This includes consideration of factors such as your income, employment status and creditworthiness.
Finance is available to permanent UK residents aged 18 or over only. Terms and conditions apply.
Commission Disclosure
Patrington Haven Leisure Park will not charge you a fee for introducing you to a credit firm nor will we receive a commission from the credit firm.
You have the right to request further information about our commission arrangements. If you would like more details, please contact us.
Talk Through Your Caravan Finance Options on a Park Visit
On a park discovery visit, customers can sit down with one of the team and talk through their caravan finance options in person. They’ll run through the numbers, explain which routes are likely to suit, and give an honest answer on what’s realistic. Families also get to explore the park and all its facilities while they’re here.
Park visits are available seven days a week. Call 01964 630071 or book a visit using the contact form and the team will arrange a time that suits you.
Frequently Asked Questions About Static Caravan Finance Options
Frequently Asked Questions About Static Caravan Finance Options
How do customers apply for finance?
The application process is straightforward, and the park handles most of it. Here’s how it works:
- With permission, the park applies to a finance company.
- The finance company carries out a credit search and reviews the credit history to assess which package is suitable.
- The finance company approves or declines the application and presents the terms.
- The customer decides whether to go ahead. There’s no obligation to accept.
The whole process is regulated by the FCA, and the team makes sure customers have everything in writing before they commit to anything.
Can someone get finance for a static caravan if they have bad credit?
Applications are assessed individually. While some lenders consider applicants with less-than-perfect credit histories, approval is always subject to a credit search, affordability assessment, and the lender’s criteria. We will discuss circumstances honestly and explain what may or may not be realistic before submitting any application.
How much deposit is needed for static caravan finance?
This varies depending on the lender and the type of package. As a general rule, mainstream hire purchase agreements require a deposit, which can sometimes be provided in the form of a part exchange if you already own a caravan. The specific deposit requirements will be outlined when you apply.
How long can repayments spread over?
This depends on the lender. Mainstream hire purchase agreements are generally structured over a fixed term. Specialist finance providers sometimes offer longer terms, which can make the monthly payments more affordable even if the overall cost is higher. The team will always present the full picture so a proper comparison can be made.
Can caravan finance be paid off early?
Yes, customers have the right to settle a finance agreement early. Early settlement figures are calculated in accordance with the Consumer Credit Act 1974. A formal settlement statement will be provided outlining, the remaining balance, any rebate of interest due, and the total amount required to settle. Details specific to all agreements will always be provided in writing.
Is it better to buy a caravan outright or use finance?
The right choice will depend on a customers personal circumstances. Purchasing outright means customers will not pay any interest. However, some customers prefer to keep their savings available and spread the cost through fixed monthly payments. Before making a decision, it is important to compare the total cost of each option and consider what feels manageable. Our team can provide clear written illustrations to help you review the figures and decide what works best for them.
Ready to find out more?
Ready to find out more?
Discover static caravan finance optionsIf you’d like to talk through caravan finance options with someone who knows the park inside out, the friendly team are here to help. Call 01964 630071, email sales@phlp.co.uk, or fill in the contact form and the team will get back to you. No pressure, no obligation. Just an honest conversation about whether the park is right for your family.
Patrington Haven Leisure Park Ltd is authorised and regulated by the Financial Conduct Authority (FS Register No. 670671). Patrington Haven Leisure Park is a credit broker and a lender and offers finance from more than one lender. Patrington Haven Leisure Park does not charge customers a fee for arranging finance and receives no commission from lenders. Finance is subject to status and affordability. Applicants must be aged 18 or over. Terms and conditions apply. Registered office: Patrington Haven Leisure Park, Patrington, Hull HU12 0PT. We will always confirm in writing whether we are acting as lender or credit broker in your individual case before you enter into any agreement.