Finance your trailer

Loans are available for a wide range of trailers, including but not limited to camper trailers, caravans, boat trailers, horse floats, and utility trailers.

Eligibility criteria vary by lender but generally include being over 18 years of age, an Australian resident, having a steady income, and a good credit history.

You can apply online through a lender’s website, visit a branch in person, or contact a finance broker. The process typically involves filling out an application form and providing necessary documentation.

Commonly required documents include proof of identity (e.g., driver’s license, passport), proof of income (e.g., payslips, tax returns), and details of the trailer you wish to purchase.

There are secured loans, where the trailer is used as collateral, and unsecured loans, which do not require collateral but may have higher interest rates.

Interest rates vary depending on the lender, your credit score, and whether the loan is secured or unsecured. Rates can range from 5% to 15% per annum.

Loan terms typically range from 1 to 7 years, depending on the lender and the loan amount.

Yes, many lenders offer pre-approval, which can help you understand your borrowing capacity and streamline the purchasing process.

Yes, there can be various fees including application fees, monthly service fees, and early repayment fees. These vary by lender.

This depends on the lender and the loan terms. Some loans allow extra repayments and early payoff without penalties, while others may charge fees.

Applying for and taking out a loan can impact your credit score. Timely repayments can improve your score, while missed payments can harm it.

There are lenders that specialise in bad credit loans, but these typically come with higher interest rates and stricter terms.

Yes, many lenders provide loans for both new and used trailers. However, the terms and conditions might differ.

Defaulting on a loan can lead to the lender repossessing the trailer, impacting your credit score, and potentially leading to legal action to recover the owed amount.

Tax benefits depend on the use of the trailer. For business use, there might be deductions available, but it’s best to consult with your accountant.