We understand that searching for guaranteed finance means you probably haven’t got the best credit. Unfortunately, guaranteed caravan finance is something that no dealership, broker or lender can offer. However, it doesn’t mean you should stop your search for your new caravan on finance. There are a lot of companies around the internet that offer, “Guaranteed Caravan Finance”, “Caravan Finance No Credit Search”, “Guaranteed Caravan Finance No Deposit” or “Bad Credit Caravan Loans Guaranteed Approval”.
Companies making these claims aren’t lending their own money. What they do is use guaranteed caravan finance as an incentive for customers to apply but the decision on the finance is down to the individual lender and offering guaranteed caravan finance would be irresponsible lending. Its not possible for a lender to guarantee caravan 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 caravan finance calculator to see how affordable your next caravan could be.