Flexible loan options
- Conditionally approved loans valid for 30 days
- Borrow up to 75% for a personal use vehicle
- Loan terms from 1 to 5 years
*Lending criteria, fees, terms and conditions apply
Why choose to finance your caravan or motorhome with us
Trusted
Life's big decisions require trust, and for over 120 years, the AA has supported Kiwis when they need it the most.
Flexible Loan options
We offer interest rates from 9.65% p.a. with flexible loan terms from 1 to 5 years, and repayment options (weekly, fortnightly and monthly), to suit your needs.
Transparent
We want you to know exactly where you stand from the very beginning. Our fees are communicated to you up front and there are no hidden costs.
AA Member Benefit
AA Members receive a $50 establishment fee discount upon presentation of a valid AA Membership number.
AA Expertise
AA Money can connect you to the wider expertise and benefits provided by the AA, including motor vehicle services to help you on your vehicle ownership journey.
Below is an extract from a story by Kathy Catton for the Summer 2023 issue of AA Directions Magazine. You can read the full article here.
What sort of campervan is right for me?
First of all, work out what you need, or want, from your campervan and what your budget is. To determine what you need, think about how you’ll be using your camper. Criteria to consider includes how many people will use the camper, how long or how far your will trips be, and where you will keep it when it's not in use. For people with restricted storage options, pop-top campers are increasingly popular as they take up less space. These vehicles can also be used as daily drivers.
Typically, there are smaller campervans, caravans, and then A, B and C Class motorhomes, which are differentiated by size, construction and features. Class A is the largest class and resembles a bus. Class B is the smallest class where the body is a retro-fitted commercial van, usually with a raised roof. Class C is the most popular class in New Zealand and usually has a bed that sits over the driver’s cab.
How much do campervans cost to buy?
The next step will be to compare what you want with your available budget. New, modern style four-berth European motorhomes start above $200,000, according to Pieter Koekemoer, Director at RV Finders, New Zealand’s first and only motorhome and caravan broker.
However, the good news for buyers is that he is being inundated with sellers looking to move their motorhomes on to a new home, so there’s lots of choice.
What is the resale value of a campervan?
Generally, the newer the campervan, the better its resale value. It is also important to consider the model and make of the campervan. Robyn Dallimore, publisher and editor of RV Lifestyle magazine says, “for the last two years, everything has held its value, and in many cases motorhomes that were $130,000 brand new are now selling for $150,000 to $170,000 for the same vehicle with extra kilometres on the clock. This is due to supply issues during the pandemic. And with ongoing cab chassis supply issues worldwide, this could continue for another year or two.”
“Condition and age of caravans and RV products are very relevant to the price or holding value of a vehicle,” Robyn continues. “It’s important to look for regularly serviced vehicles that have been well maintained. Check the exterior is not leaking and the under carriage, chassis, roof and windows are all intact and well maintained. Ensuring the motorhome has been regularly serviced keeps the warranties on the motorhome body valid. This will help maintain the value of any caravan or RV.”
Campervans with modern features such as solar panels, air conditioning and a kitchenette will hold their value better than those without.
“Even if people are buying at the top of the market, I can’t see that they would lose money, since owning a campervan is a lifestyle choice. In my experience, the depreciation of a motorhome or caravan is very low,” Pieter says.
In all cases, Pieter and Robyn recommend doing your homework. Get an independent valuation and make sure you complete the necessary engine and habitation checks.
Frequently asked questions
How can I get caravan or motorhome finance?
The first thing you could do is use a loan calculator to steer you in the right direction. You can quickly work out how much you can borrow and what your repayments could be.
Who can apply for a caravan or motorhome loan?
You can apply for finance with us if you're at least 18 years of age, a New Zealand citizen, or New Zealand resident.
How can I apply for a caravan or motorhome loan?
All our car loan applications are online.
What do you need to apply for a caravan or motorhome loan?
To complete your application you will need
1) A valid NZ Drivers license or passport
2) Proof of address
3) Previous three months of bank statements
What's the typical loan term for motorhomes?
Typically, loan terms are up to 5 years with AA Money Caravan and Motorhome financing.