A motorhome is a big investment, for most of us it is the second largest investment we’ll make in our lifetime. So a little helping hand to make a dream motorhome a reality is sometimes needed, whether you are buying a new motorhome or a used motorhome. At Alan Kerr we are licensed credit brokers, this means we have access to a wide range of finance providers to get the best possible deal for you.
Our experienced staff are FCA (Financial Conduct Authority) trained and qualified. They are on hand to answer any questions you may have about arranging finance and paying for your new motorhome. As FCA trained and qualified experts we do everything in our power to ensure you are getting the best deal. We’ll even go as far as to secure you finance from different providers at different rates and repayment terms - all to get you the best deal possible.
To find out more about our finance options, or to ask our team a question simply call us on 01803 522098, or submit the form at the bottom of this page and we will get back to you.
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Motorhome PCP Agreements
PCP, or personal contract plans, are a popular form of finance for new and used motorhomes which offer a huge amount of flexibility.
A personal contract plan can run any length of time from 12 months up to 48 months. You will pay a deposit, which comes off the total of the motorhome, then you’ll pay monthly installment payments - just like a normal finance plan. However with a PCP there is an optional, larger final payment, or balloon payment as they are often referred to. This optional final payment helps to keep your monthly repayments lower, making PCP more affordable than your usual finance options.
You’ll be limited to an agreed mileage amount though, so you’ll need to think realistically about the kind of mileage you think you’ll do. Your monthly repayments and optional final payment will be based on how many miles you think you’ll travel during your repayment period. Your optional final payment will be based on the guaranteed future value (GFV) of the motorhome, which is calculated from your deposit, your predicted mileage and how many months you choose to spread the cost.
Once your PCP agreement comes to an end you have three options open to you. You can choose to part exchange your motorhome for a new model, using the equity from your motorhome towards the deposit of the new vehicle. You could opt to pay the optional final payment, keeping your motorhome as your own to make new memories in. Alternatively you can simply return your motorhome to us. If it is in good condition and is within the agreed mileage there will be nothing left for you to pay.
To find out more about motorhome PCP, or other finance options contact us now on 01803 522098, or submit the form below and we will get back to you to discuss your needs.