Thinking of hitting the road? To take advantage of holidays or retirement to visit new landscapes and according to your desires? The motorhome is increasingly in demand by travellers, it offers all the necessary comfort without having to book accommodation, you can leave and come back at any time, with few constraints. Which bank loan to choose to finance it? Explanations.
Motorhomes are vehicles specifically equipped to ensure life on board, in total independence. It is necessary to connect to electrical terminals when parking but also to carry out the emptying (water / waste water), these only constraints remain moderate compared to the advantages offered by this vehicle and of which only one is unanimous :freedom. Buying a motorhome is an interesting investment because it will always preserve a resale value, provided it is in good condition and these vehicles are cut out for the road, to rack up the miles and allow you to go anywhere in the world.
Simply, there are different models of motorhomes, it can range from the classic and simple second-hand model from 10,000 euros and the prices can go up to more than 200,000 euros for large luxury models. Buying a motorhome requires planning a real budget, preparing the financing request to apply for the right loan. It is possible to go on a consumer loan, either on the basis of an assigned car loan, or on the basis of a personal loan.
The consumer loan is limited to an amount of 75,000 USD and a maximum duration of 12 years, simply most credit organizations will agree to lend over 10 years and with a maximum amount of 60,000 USD. This allows you to have an idea of the envelope of credit that it is possible to obtain and above all to be able to direct your research on a particular model. Note that it is possible, as for a mortgage, to offer a contribution, this reassures the credit organizations and above all to inflate its budget to buy a more expensive, more equipped model.
There are therefore two credits that can finance the purchase of a motorhome:the car loan and the personal loan. The car loan is in fact a credit whose acceptance is affected to the purchase of a vehicle. This simply means that the buyer must provide an estimate or an order form to justify the purchase amount and obtain the funds, the release of the credit is only done if the purchase of the motorhome is recorded. The personal loan is a loan whose amount is free, that is to say without having to justify the sums or to provide an estimate, but this loan has the particularity of being offered at sometimes higher rates and with a smaller amount. This is justified in particular by the lack of visibility for the bank.
