Your Guide to Financing a Roller Team Motorhome

Why This Guide Matters

Owning a motorhome such as a Roller Team opens doors to adventure, flexibility, and a new way to see the UK and beyond. Yet, for many, the upfront cost can be a significant barrier. That’s where finance comes in. Understanding your choices isn’t just about finding the lowest monthly payment—it’s about ensuring your purchase remains affordable and sustainable in the long run. With a crowded marketplace and varying finance products, it’s easy to feel overwhelmed. This guide breaks down your financing options for a Roller Team motorhome, helping you make decisions with confidence, clarity, and peace of mind.

The Basics Explained

Motorhome finance in the UK typically comes in several forms, each with its own features and requirements:

• Hire Purchase (HP): You pay a deposit (often 10%), then fixed monthly payments. Ownership transfers to you at the end.
• Personal Contract Purchase (PCP): Lower monthly payments, with a final balloon payment if you want to own the motorhome outright. Otherwise, return or part-exchange it.
• Personal Loans: A straightforward loan from a bank or finance provider, repaid in fixed instalments. You own the vehicle from day one.
• Lease Purchase: Similar to HP but with a larger final payment.

Your eligibility will depend on your credit profile, income, and the value of the Roller Team motorhome you’re considering. Lenders will also factor in the vehicle’s age and depreciation rate.

How It Affects You

The way you finance a Roller Team motorhome impacts your monthly outgoings, total interest paid, and flexibility down the line. For example:
• Monthly Budgeting: HP and PCP agreements spread the cost, but PCP usually means lower monthly payments.
• Total Cost: HP may have higher monthly payments, but you avoid the larger final payment required by PCP or Lease Purchase.
• Flexibility: If you’re unsure whether you want to keep the motorhome long-term, PCP provides an exit route at the end of the agreement.
• Ownership: With a personal loan, you own the motorhome from day one, offering more freedom to modify or sell.

Each option comes with its own rules regarding mileage, condition, and early settlement. It’s essential to understand these before signing any agreement.

Our Approach

At Kandoo, we believe in putting the customer first. As a UK-based retail finance broker, we work with a wide panel of lenders to match you with a finance product that fits your circumstances. Here’s what sets our approach apart:
• Personalised Assessment: We take the time to understand your financial situation, preferences, and long-term plans for your Roller Team motorhome.
• Transparent Comparisons: Our team breaks down the differences between HP, PCP, personal loans, and leasing—making it easier to compare total costs, flexibility, and ownership rights.
• Clear Communication: No hidden fees or jargon. We explain APR, deposit requirements, and payment structures in plain English so you can make an informed decision.
• Regulatory Compliance: As a regulated broker, we adhere to strict standards, ensuring responsible lending and fair treatment.
• Support Throughout: From initial enquiry to agreement completion, our advisors are on hand to answer questions and resolve concerns.

We believe that motorhome finance should be as enjoyable and straightforward as the adventures that follow.

Before You Decide

Before signing any finance agreement, take time to reflect on your needs and circumstances:
• Assess Affordability: Use online calculators to estimate monthly payments and ensure they fit comfortably within your budget.
• Check Your Credit Profile: A good credit score widens your options and can secure better rates. Obtain a copy of your credit report before applying.
• Review the Motorhome: Ensure the Roller Team model you want is suitable for your travel plans, family, and storage options.
• Understand the Terms: Ask about mileage limits, maintenance requirements, and what happens if you want to settle early.
• Think Long-Term: Consider whether you’re likely to want to upgrade, keep, or sell the motorhome at the end of the agreement.

Preparation is key. A well-informed buyer is less likely to face surprises down the road.

What’s Real, What’s Hype

There’s no shortage of bold claims in the world of motorhome finance—"zero deposit deals" and "guaranteed approval" are just some of the marketing hooks. The reality? Genuine zero-deposit deals are rare and often come with higher monthly repayments or stricter criteria. Guaranteed approval doesn’t exist; all lenders must assess your affordability and creditworthiness.

Remember: If a deal sounds too good to be true, it probably is. Ask for full written terms and compare offers from multiple providers.

Pros & Cons

Here’s a table summarising the main advantages and drawbacks of popular finance options:

Option	Pros	Cons
Hire Purchase	Simple, own at end, fixed payments	Higher monthly cost
PCP	Lower monthly payments, flexible	Balloon payment, mileage limits
Personal Loan	Immediate ownership, no mileage cap	May need strong credit
Lease Purchase	Low initial costs	Large final payment

No single route fits all. Prioritise what matters most to you—cost, flexibility, or outright ownership.

Other Options to Consider

While traditional finance is popular, alternatives might suit your circumstances:
• Savings: Using cash savings avoids interest charges and secures immediate ownership.
• Remortgaging: Some opt to release equity from their home, though this involves risk and longer repayment terms.
• Credit Unions: These member-owned lenders may offer competitive rates and a personal touch.
• Family Loans: If available, borrowing from family can be interest-free, but always formalise any agreement.
• Brokers: An independent broker like Kandoo can help you access a wider market, increasing your chances of a better deal.

Consider all sources and weigh them carefully before committing.

FAQs

Can I get finance for a used Roller Team motorhome? Yes, many lenders will finance used models, though terms may vary based on age, mileage, and condition.

Do I need a deposit? Most agreements require a deposit, typically 10%. Some deals offer low or zero deposit but may have higher rates.

Will I own the motorhome at the end? With HP and personal loans, yes. With PCP, only if you make the final balloon payment.

What about bad credit? Specialist lenders exist for those with impaired credit, though rates are higher and terms may be stricter.

Can I settle early? Most agreements allow early settlement, but check for any penalties or outstanding interest.

Are there mileage restrictions? Only PCP and some lease agreements have mileage limits. Exceeding these can incur charges.

How do I apply? You can apply directly through a broker like Kandoo. Be ready to provide ID, proof of income, and details about the motorhome.

How quickly can I get approved? Some lenders decide within hours, though the process can take several days if more information is needed.

Next Steps / Call to Action

Ready to take the next step towards your Roller Team motorhome adventure? Start by comparing finance options, checking your eligibility, and speaking to a specialist advisor. At Kandoo, we’re here to guide you through every stage—ensuring your journey begins with confidence and clarity.

Contact us today for a personalised finance quote and expert advice tailored to your needs.