# Static Caravan Finance Calculator

Find out how much interest you would pay and what your monthly repayments would be with our static caravan finance calculator.

## Finance Calculator

### How much would a loan cost me?

To buy the holiday home for £0 with a deposit of £0 (0%) you will require finance for £0.

At 0% APR.

Over the 0 months of your loan, you’ll repay £0

£0 in interest

£0 in monthly repayments

## How does the static caravan finance calculator work?

Our static caravan finance calculator will help you work out the cost of loan repayments. Use it for either static caravans of lodge finance loans.

It will show you the cost of monthly replacements and total interest payments.

Many finance companies require a certain deposit percentage. So the calculator also shows what percentage your deposit represents.

## Static Caravan Finance Q & A

New static caravans range in price from £25,000 to £100,000, where as used static caravans can be picked up for £5,000 to £50,000.

New lodges range from £80,000 to £200,000 (or more). Used lodges can be bought from around £60,000 to £150,000.

No. You cannot secure a mortgage on a static caravan or a lodge. But you can take out loans (finance) for them instead.

Static caravan finance loans work like normal personal loans. You agree to borrow a lump sum from the lender, which you then pay back over regular monthly instalments.

#### Monthly payments

The amount of monthly payments depends on how much you borrow and how long you borrow it for.

#### Interest

The interest and other charges referred to as the APR rate. APR rates for static caravans and lodge finance is usually in the range of 7% to 9% if you have a good credit rating. The worse your credit rating the higher the APR rates.

#### Length of loan

The length of static caravan finance is usually 1 to 10 years.

Use the above static caravan finance calculator to understand, what percentage of sale price your deposit represents, what your monthly payments would be and your total interest payable.

Most finance companies need you to put down 10% to 20% deposit when buying a static caravan or lodge. The size of deposit can differ from one finance company to another.

The main costs involved in owning a static caravan are:

• The initial purchase (including deposit)
• Finance payments
• Insurance
• Holiday park pitch fees
• Holiday park charged local authority rates
• Gas and electricity
• Drain down and winterisation
• Depreciation

Then if you are letting out the caravan or lodge you will also need to consider the following costs:

• Facility passes for guests
• Change over cleaning
• Safety maintenance
• Tax on rental income

Read more details in static caravan costs.

Static caravans and lodges depreciate like cars at roughly 15% per year.

The largest value depreciation is in the first few years. As you own it for longer the year on year cost of depreciation reduces.

The resale value will be determined by many factors such as condition and demand at the time you come to sell.