Motorhome Finance

When it comes to financing your Motorhome, there are many options that are available to you, however it can become confusing. How do you know which one is for you? What does PCP and CS mean? Simpsons Motorhomes are here to help you every step of the way. This page will explain the different financing options you can have with us. If you need help or have any questions for us, then enquire below or visit us at our dealership where our Sales Executives are ready to help.

What is Conditional Sale (CS)?
This is secured against the vehicle itself and you do not own the Motorhome until you have made the final payment – you can’t sell it without the lender’s permission, although you can return it.
You typically pay a deposit (often 10%) and then repay the balance in instalments, plus interest, over the loan period. At the end of the loan period, you own the Motorhome outright.
Be aware that: the Motorhome can be repossessed if you miss a payment. Please check all terms and conditions.

What is Personal Contract Purchase (PCP)?
This type of plan typically involves paying a deposit then low monthly instalments over a fixed period. At the end of this, you can either pay a lump sum (‘balloon payment’) to purchase the Motorhome outright, return the vehicle or sell it privately to pay off the remainder.
This will suit you if you prefer to change your Motorhome more frequently, and is based around a ‘minimum guaranteed future value’ (MGFV) for the car.
Be aware that: it’s important to stick to the agreed mileage limits and to keep the Motorhome in good condition to avoid penalties. You are hiring the Motorhome and will not own it until the balloon payment is made. It may be less cost-effective than CS if you plan to keep the Motorhome, however.