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At a glance
Start the engine and go on vacation - more and more people are longing for an informal vacation or a spontaneous weekend in nature. This is not a problem with a holiday home on wheels. You can discover new places, linger and relax or drive on spontaneously. The journey is the goal - not infrequently also the detour. This is exactly what makes a motorhome so attractive. Read More
The great freedom on wheels offers everything your heart desires: bathroom, kitchen, accommodation. The basic equipment includes a refrigerator, stove, and power connection. On the other hand, shower cubicles or private toilets are only found in larger motorhomes. And if you want to travel in winter and drive safely and not freeze, you need good heating and, of course, winter tires. Frostbite can even treat you to underfloor heating. The market offers everything your heart desires - for every requirement and every comfort.
Note: Especially during the corona pandemic, a vacation that is canceled at short notice can be expensive. This is why consumers are currently focusing on choosing the right travel insurance. With us, you can find out which insurances are important for a relaxing holiday in times of pandemic.
Savings credit is often not enough.
Mobile travel is not cheap, however. If you don't want to go without anything on holiday with your camper, you have to dig deep into your pocket. Inexpensive motorhomes without special equipment start at just under 40,000 bucks.
Budding campers can find used motorhomes on portals but also in local daily newspapers and regional advertisements. Of course, you can also find out about a used item at the local dealer and find what you are looking for. Here the selection is usually larger, and the professional on-site advise personally and can give a used vehicle guarantee.
Whether new or used, if you want to travel comfortably with all the trimmings, you have to invest a lot of money. It is understandable that at these prices, many cannot simply pay for their motorhome dream out of postage. It is, therefore, worthwhile to think about suitable financing.
Financing the motorhome through an installment loan
Whether caravan, mobile home, or caravan - the dream of your own motorhome can be financed cheaply with a car loan. Such loans are made available by banks, savings banks, and car dealers specifically for the purchase of cars or mobile homes. Due to the earmarking, the conditions are often more favorable than classic installment loans. However, the conditions can differ significantly in terms of their repayment modalities. The market mainly has two find financing options, the classic installment loan and the so-called three-way financing, which is often referred to as balloon financing.
Classic car loans are usually designed as installment loans. The loan is tied to a purpose, in this case, to purchase a vehicle. The earmarking prevents the borrower from freely using the money but usually pays lower interest than for a classic installment loan. Depending on the bank, a copy of the vehicle purchase contract or the registration certificate is sufficient to prove the intended use.
The advantage of the installment loan is that you can use the borrowed money to pay cash at the dealer and can, therefore, often negotiate extra discounts on the purchase price. Many banks also allow flexible repayments.