Jayco Caravan Finance
Thinking about getting away from it all? Access the finance you need to purchase your Jayco caravan through Savvy.
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There’s nothing quite like a caravanning holiday – hitching up the van, hitting the open road and being self-contained to go where you want, when you want. If the caravanning dream is filling your thoughts, maybe it’s time to take the first step towards caravan ownership, with Jayco being one of the main options available in the Australian market.
Chances are that the one big thing that is stopping you from taking that first step is money. A caravan can seem like a bit of an indulgence, but on the other hand it is a cost-effective holiday option that will give you years of enjoyment. You can explore caravan finance options with Savvy and get a free, no-obligation quote today.
Jayco caravan finance explained
Why should I choose Jayco?
Did you know that half of all the recreational vehicles sold in Australia are Jayco? Jayco prides itself on being a locally owned, family business with over 1,000 employees working on giving Australians quality vehicles with exceptional service. Established in 1975, Jayco has over 45 years of experience behind each and every vehicle they manufacture.
What makes Jayco different is that they care about you and your new purchase long after you’ve driven it away. Each new vehicle comes with a 5-year structural warranty and a 2-year manufacturer's warranty, not to mention 24/7 roadside assist should something go wrong.
How do I decide which Jayco caravan to buy?
This is a big question, and will depend on what you want to do, and how often. If all you’re after is a quick get-away, a pop-top could be the way to go. A pop-top is as easy as it sounds. Pop up the top to create a living space and pop it down when it’s time to head home again. Pop-tops are great value and an easy option for a young family just wanted to get-away with the kids.
At the other end of the scale, if you are planning the great Australian road trip in retirement, a motorhome will see you exploring our great southern land in style and comfort.
Jayco have a massive range of vehicles for all adventures and budgets so check out all they have to offer.
If you are still undecided perhaps hire a van first to try it out and see if it suits your needs before making the commitment to buy.
I want to buy – do I go new or used?
There is nothing wrong with opting for a second-hand caravan. There are plenty of caravans out there that have been loved and well maintained – just check that it is safe and mechanically sound. A little wear and tear is to be expected, but look for any signs of rust or wear in appliances that may be dangerous.
You may decide that new is the way you want to go as you plan to use the van a lot over many years to come. New vans may give you more peace of mind, but if the cost is putting you off, do the maths first. This may help you decide between brand new or pre-loved.
What do I need to do when it comes to Jayco caravan finance?
Work the budget
Work through your budget and see how much you could comfortably afford to spend each month purchasing your RV. Take your time when doing this. The budget is often something we don’t look at a lot and there are likely to be direct debits and recurring payments than could be overlooked. As you go through ask yourself if there are ways you can save a few dollars, such as subscriptions you can cancel or cheaper insurance options. You might be surprised at how much cash you can free up with a few tweaks here and there.
Find a lender
There are so many lenders out there, all vying for your business, so you are in a great position to shop around and to find the right lender to accommodate your needs. All quotes should be obligation-free. Ask for a variety of quotes with varying terms and interest rates so you can make an informed decision.
Dealers fight for your business
Keeping your budget in mind, look at the quotes and compare the lenders and decide on the best one for you. You will need to be thinking about how much you want to borrow, what the interest rate is and how long the loan term should be.
Say you’ve decided on a $30 000 pop-top caravan. If you take out a loan for the full amount over 2 years at 4.9% p.a. interest, you’d be paying $1,315 a month. Change the loan term to 5 years and that repayment comes down to $565 per month. Though this option will see you paying more overall, it may be more affordable for you on a month-by-month basis.
Similarly, interest rates can have a big impact on the final cost of the caravan. Let’s take the same loan, $30,000 over 5 years, but increase the interest rate to 6%. This would see you paying $580 per month. A $15-per-month increase may not seem like a lot at first glance, but over 5 years it'll cost you an additional $900.
Read the small print
Taking time to read the small print can save you big dollars. Be aware of the terms you are entering into and check if penalties apply for early-payout or additional payments. Different lenders will have different rules around this, and it is important to find out all these details upfront. Be sure to read the FAQs pages of websites and don’t be afraid to ask questions.
Once you’ve done all the research, you’ve done all the hard work. It won’t be long now before you can hitch up the Jayco and hit the open road. Better get started on packing for that weekend away!
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