FAQs

Used vehicles are assessed by lenders for suitability as loan collateral. Where not accepted, an unsecured loan may be considered.

Buyers of second-hand RVs may use a secured or unsecured finance product for their purchase. The decision can depend on the suitability of the vehicle as collateral.

The PPSR is the Personal Property Securities Register. Lenders register their interest in goods they have financed with the PPSR. Buyers of used goods can check the register to ensure there is not money owed on the goods they are buying.

Interest rates on all loans are offered based on an individual assessment of each application and dependent on the type of loan.

Old RVs may be financed subject to lender approval. Where the van is not considered suitable for secured financing, buyers may apply for an Unsecured Personal Loan.

Applications for finance may be conditionally approved prior to details of the goods to be financed and the loan amount required being known. When the details are known, any offer is amended to specifically suit the goods.

Borrowing capacity is assessed by lenders based on creditworthiness and income levels. Loan amounts depend on borrowing capacity and the value of the RV relative to the loan amount.

Subject to individual lender approval, all makes and models of RVs may be financed.

With secured loans, lenders have the collateral as an assurance of recovering monies loaned. Unsecured loans do not have collateral. With the assurance provided by the collateral, lenders offer more competitive rates on secured loans.

Repayments on pre-owned RV finance will depend on the loan amount, interest rate and term. Buyers can use an online finance calculator to generate estimates of repayments.