MONEY MATTERS

Whether you’re a first-time buyer or a long-term caravanner looking to upgrade, the excitement of potentially owning a new caravan or motorhome can be palpable. A new home away from home with which to hit the road in search of adventure with the wind in your hair — what can be more scintillating?

Sadly, such excitement can become overshadowed if you struggle to afford it. You may have over-extended yourself on the purchase price, decided to finance and didn’t get the best deal on interest rates or you’re having trouble meeting repayments.

Buying a new RV with finance, that is taking out a loan for some or all of the purchase price, makes a lot of sense if you don’t want to put off living the lifestyle until you have saved the whole amount. But how do you know what you can