A Brand new 4 berth Bailey Pursuit 550-4
DEPOSIT = £5,000
60 months payments of £139.08
Final payment of £6,490
Or a new Bailey Pursuit 550-4 at £16,699
PCP is a great way to ‘use and not own’ a brand-new caravan. It is a great way to have a new caravan every few years and PCP is flexible because of what happens at the end of the contract. It is ideally suited to those who are not sure what to do at the end of the finance. Sounds almost too good to be true, right?
There are a few things to be aware of however. PCP is currently only available for brand-new caravans; also, Caravans must be fully insured and must be annually serviced by NCC approved workshops to ensure the condition and running order of the caravan is in good order. If you are likely to want to keep the caravan at the end of the agreement PCP will require you to make a balloon payment. You will need to pay this.
If you do decide to return the caravan at the end of the agreement, the caravan must be returned in a ‘Good Condition’ a full explanation of what is regarded as good condition can be found on the Black Horse good condition guide here.