Should You Go For a New Or Used Camper Trailer?

If you have been contemplating getting yourself a camper so that you can go vacationing across the great Australian outback, then you probably know that they do not come cheap. To live that kind of dream, you will most likely need to apply for a camper trailer loan, which our iCREDIT professionals can help you with.

While we can help you find the best possible loan deals out there by comparing various lenders’ terms and helping you choose the one that benefits you most, the question remains whether you should go for a brand new or second hand camper trailer.

Let us consider some of the following factors that might help you decide which way to go.

Consider The Price

The fact that a second hand camper trailer is less expensive than a new one is probably the only reason you might seriously consider going this route. As with most vehicular assets, a camper trailer will start to depreciate from the moment you take ownership of it. Therefore, a second hand trailer will necessarily be significantly less expensive than a new one.

How much cheaper it is will depend on various factors, such as its condition and its age. However, the upfront price can be deceiving, as a second hand trailer could hide a host of expensive problems that will cost you later.

Consider The Condition 

Pre-owned camper trailers that have been well-used over the years will likely have a handful of issues that require attention ‒ many of which cost more money. It might be long overdue for some maintenance or might have hidden problems that will not become apparent until you start using it.

These issues cost money to rectify, sometimes driving the cost up to the level of a brand-new trailer when all factored in. Aside from the money, the hassle of fixing these issues can spoil the fun of owning a camper trailer and make it seem like more trouble than it is worth.

Consider The Lender

At the end of the day, most lenders will be more amenable to financing your camper trailer if it is brand new as opposed to secondhand. Generally, they would rather put down a larger sum of money towards a more valuable asset, thereby reducing their risk.

A brand new camper is likely to be covered by warranties and service arrangements for at least the first year after purchase, which further reduces the risk for the lender, as they know they will be putting money into a verifiably valuable asset. Second hand trailers are a much greater risk to lenders, which might make them more reluctant to finance their purchase.

If you are looking to get a camper trailer loan so you can live the life of your dreams, then contact us at iCREDIT today! We can help you get the best loans possible.

What Is a Soft Quote?

A soft quote is a simple, no-obligation way to explore your loan options without affecting your credit score.
When you request a soft quote, we assess your financial profile and give you an estimated rate, repayment amount, and loan term based on current lender options.

✔️ No credit file impact
✔️ No commitment required
✔️ Instant comparisons across multiple lenders

It’s ideal if you’re still shopping around or just want to understand what your repayments might look like.

 

What Is a Full Application?

A full application is the next step once you’re ready to proceed.
This involves submitting your information to the lender for a formal assessment. The lender then completes a credit check, verifies your documents, and provides a confirmed interest rate and loan offer.

✔️ Required for formal approval
✔️ Involves a credit check
✔️ Can lead to same-day approvals (depending on the lender)

What Affects Your Loan Rate?

Lenders consider several key factors when determining your personalised rate and terms. These include:

1. Your Profile

Credit history, employment stability, and income all play a major role in the rate offered. A clean credit file and steady employment can often lead to lower rates.

2. The Asset

The type, age, and condition of the asset (car, caravan, horse float, etc.) can influence risk and therefore the rate. Newer or higher-value assets often attract better rates.

3. Loan Term

Shorter terms generally mean less total interest paid, while longer terms may offer lower weekly repayments but higher total cost.

4. Fees

Every lender has their own structure for establishment, monthly, and exit fees. iCREDIT helps you compare these upfront so there are no surprises.

Why Compare with iCREDIT

At iCREDIT, we make finance simple and transparent. Our team compares a wide range of lenders, explaining your options clearly and helping you choose the best fit — without pressure or hidden costs.

  • Compare rates and lenders side-by-side

  • Understand your total loan cost upfront

  • Avoid unnecessary credit checks until you’re ready

Get Your Soft Quote Today

Take the first step with a soft quote and see what’s possible — all without impacting your credit score.

👉 Start your soft quote today