Most campervan buyers use some form of finance — but the options can be confusing. Here’s a straightforward explanation of what’s available and what to watch out for.
Hire Purchase (HP)
The most straightforward option. You pay a deposit, then fixed monthly payments over an agreed term (typically 2–5 years). At the end, you own the van outright.
Good for: Buyers who want simplicity and to own the van at the end without a large final payment.
Watch out for: The van is technically owned by the finance company until the final payment — you can’t sell it without settling the finance first.
Personal Contract Purchase (PCP)
You pay a deposit and lower monthly payments, but at the end of the term you have three options: pay a final balloon payment to own the van, hand it back, or use any equity as a deposit on your next vehicle.
Good for: Buyers who want lower monthly payments and flexibility at the end of the term.
Watch out for: Mileage limits — exceeding them results in penalty charges. And the balloon payment can be large.
Personal Loan
You borrow the full amount from a bank or lender and pay the dealer in cash. You own the van from day one.
Good for: Buyers who want full ownership immediately and no restrictions on mileage or use.
Watch out for: Interest rates on unsecured personal loans are often higher than dealer finance for similar amounts.
What FCA Regulation Means for You
If you’re buying a campervan on finance, always check that the dealer is authorised and regulated by the Financial Conduct Authority (FCA). An FCA-regulated dealer must:
- Present finance options fairly and transparently
- Conduct affordability checks
- Give you accurate information about total cost of credit
- Comply with Consumer Duty regulations
You can verify any dealer at fca.org.uk/register.
Surrey Campervans is fully FCA authorised (FCA No: 964710). We work with a panel of carefully selected credit providers to offer competitive rates. Finance is always subject to status.
How Much Deposit Do You Need?
Most lenders prefer a minimum 10% deposit, though some will lend with less. A larger deposit reduces your monthly payments and the total interest paid. If you have a vehicle to part-exchange, that can count as your deposit.
A Quick Example
A £40,000 campervan on HP over 4 years with a 10% deposit (£4,000):
- Amount financed: £36,000
- Approximate monthly payment at 9% APR: around £895/month
- Total payable: approximately £46,900
Always ask for a full illustration before committing — a reputable dealer will provide this without any obligation.
Ready to explore finance options? Call us on 01483 323 901 or visit surreycampervans.com/finance.