Paragon Car Finance launches caravan funding
Finance for caravans will be available at competitive rates over terms of up to ten years
Monday, 15, May 2017 01:50
by Tom Leaning
After successfully entering the motorhome market last year, Paragon Car Finance has announced the launch of a caravan financing product. The product aims to replicate the formula which has led to success in the motorhome market, and bring greater choice to the caravan finance market.
Finance for caravans will be available at competitive rates over terms of up to ten years. The launch comes on the back of strong demand for a caravan product from Paragon Car Finance, which will allow brokers to offer greater choice on the forecourt.
Julian Rance, Head of Paragon Car Finance, said: "Since launching our motorhome product last year we have had an incredibly positive response, and extending our offer into the caravan market seems like a natural next step. There has been strong demand for us to bring a caravan product to market, and help cater to the UK's growing leisure vehicle market.
"We are confident that our bespoke underwriting, competitive rates and the direct access we offer to our underwriting team, will ensure we replicate the success we've had in the motorhome market with this new product.
"We also feel now is the right time to bring more choice to the caravan finance market, allowing customers a greater range of options."
For more information on how Paragon Car Finance can help you buy your next caravan or motorhome, visit: Paragon Car Finance
We at CaravanTimes feel that this is good news for future caravan and motorhome-owners. Creating additional financing products to help customers buy (possibly their first) leisure vehicles creates much needed competition in the UK market, that currently has Lloyds Banking Group's Black Horse as it's market leader.