A Practical Solution for Work

Static Caravan Finance Case Studies

A Cost-Effective Alternative

A project manager overseeing a three-year construction project in the Midlands needed a convenient and affordable place to stay. Renting expensive accommodation with high monthly costs was not a practical option, so he began exploring alternatives.

A Static Caravan: The Perfect Fit

After researching, he decided on a static caravan near the project site. It provided privacy, a comfortable living space, and significant savings compared to renting. Since he only needed accommodation Monday to Friday, the caravan allowed him to travel home on weekends without the hassle of temporary rentals. However, as the caravan was purchased privately, hire purchase (HP) was not available, leading him to explore other financing options.

Financing the Purchase

He found a well-maintained pre-owned static caravan for £35,000 at a quiet park just 20 minutes from the site. To make the purchase possible, he chose a secured loan, spreading the cost over 10 years. This kept monthly payments manageable while allowing him to focus on his work.

A Comfortable Work-Life Balance

Now, the static caravan serves as a comfortable and consistent base close to work, making his time away from home more manageable. It not only saves him money but also provides a personalised, stress-free living solution for the duration of his project.

At a Glance:

– Static caravan price: £35,000
– Deposit: £0 (100% financed through a secured loan)
– Loan term: 10 years
– Monthly repayments: of £406
– Location: Quiet park, 20 minutes from the construction site
– Benefits: Affordable monthly repayments, privacy, and long-term cost savings

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Static & Touring Caravan Finance, Motorhomes & Horseboxes Finance

LOANS – Rates from 3.65% variable. We also have a range of plans with rates up to 65.2% allowing us to help customers with a range of credit problems. Representative 8.6% APRC variable. Representative example: if you borrow £10,000 over 10 years at an Annual Interest Rate of 5.14% (variable) you would make 120 payments of £122.71 per month. The total amount repayable will be £14725.20 (This includes a lender fee of £495 and a broker fee of £1000 which have been added to the loan.) The overall cost for comparison is 8.6% APRC representative. Maximum APR 65.2%


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