Finance Your Motorhome

Buying a motorhome is a big investment, and choosing and budgeting for your home-from-home can feel daunting. In addition to helping you narrow down our selection of used motorhomes to find the perfect one for you, we can also help your next motorhome fit your finances, too, thanks to our flexible finance packages.

How to Finance a Used Motorhome or a New One

There are different ways to finance a used motorhome, and there is no single best option; it depends on your needs and circumstances. 

You can use a personal loan if your credit score is good, or you can use a mortgage redraw if you already have a mortgage; this allows you to take money out of what you’ve already contributed. 

However, the two most popular options are Hire Purchase and Personal Contract Purchase, with Hire Purchase being the option most people choose to avoid the balloon payment. 

Hire Purchase (HP) 

Financing a used motorhome with HP lets you spread the cost in monthly instalments. 

You need to make a deposit and then choose the duration of your agreement, usually 3 to 5 years. A shorter HP agreement will have lower interest rates but higher monthly instalments. 

You can choose the duration of your agreement based on your circumstances and how much you can repay each month. 

At the end of your HP finance agreement, you’ll need to pay a small fee to transfer the ownership from the finance provider to yourself, and that’s when you’ll be the owner of your used motorhome. 

Benefits of HP 

The biggest benefit of HP is that your monthly payments are predictable, and you don’t have to pay the so-called “balloon payment” typical of Personal Contract Purchase at the end of the agreement, which often catches people out. 

You also don’t have any type of mileage restrictions, which allows you to travel at your heart’s content without worrying about paying extra for every added mile. 

Cons of HP 

HP has higher monthly repayments because you’re simply spreading the purchase cost over time; on the other hand, a PCP finance deal has lower monthly repayments as you pay for the motorhome depreciation on a monthly basis, and you’ll pay the remaining value at the end of the agreement. 

Motorhome Finance at AMC 

AMC MotorCaravans is authorised by the FCA with limited permission to conduct certain credit-related activities. We are a credit broker and can introduce you to a limited number of lenders who provide funding for your next motorhome. We may receive commission for introducing you to such lenders.

Check Finance Eligibility

Areas We Cover 

Our Motorhome centre is conveniently located in Lower Dicker, Hailsham, East Sussex, and we provide motorhome finance on all our stock for customers from surrounding areas, including Eastbourne, Brighton, Worthing, Heathfield, Hastings, Battle, and Uckfield. 

We also serve customers from Kent, Surrey, and Hampshire. We’re happy to help you wherever you are, with smooth, outstanding service.