We understand that searching for guaranteed finance means you probably haven’t got the best credit. Unfortunately, guaranteed motorhome finance is something that no dealership, broker or lender can offer. However, it doesn’t mean you should stop your search for your new motorhome on finance. There are a lot of companies around the internet that offer, “Guaranteed Motorhome Finance”, “Motorhome Finance No Credit Search”, “Guaranteed Motorhome Finance No Deposit” or “Bad Credit Motorhome Loans Guaranteed Approval”.
Companies making these claims aren’t lending their own money. What they do is use guaranteed motorhome finance as an incentive for customers to apply but the decision on the finance is down to the individual lender and offering guaranteed motorhome finance would be irresponsible lending. Its not possible for a lender to guarantee motorhome finance to every customer that applied for finance without knowing anything about the customer and their circumstances.
The lenders decision is based around numerous factors. These can include credit score, deposit, debt and affordability. Lenders need to make sure the money they are lending is going to be repaid and will only lend to customers who can afford to repay it. Therefore, it’s impossible for any lender to guarantee finance.
Check out our motorhome finance calculator to see how affordable your next motorhome could be.