What kind of Finance options exist?

Depending on your usage, there are loan types available for personal or commercial use. Recreational vehicle loan options can include Secured Loans or Personal Loans for personal use

What are the benefits of a loan?

By taking out a loan to finance your next caravan, boat, motorbike, or bicycle, you can reduce your overall cash outlay. For businesses, a boat loan can improve cash flow and potentially allow for tax deductions on the asset (consult with your accountant for eligibility).

Will my application affect my credit score?

No. Getting your rates with MitchMarket Finance doesn't impact your credit score. The initial options are generated through a 'soft' credit check by our Fastr system. Only when you proceed with the loan application and a suitable lender is selected will a credit inquiry appear on your file.

How much can I borrow?

The loan amount you can borrow depends on the type of camper trailer or recreational vehicle you wish to finance, as well as the length of the loan. Your personal financial situation, requirements, and objectives also play a role. Contact us to learn more and obtain a quick quote from our caravan loan specialists.

What do I need to get finance?

There is no definitive list of requirements as each loan application is reviewed individually. Typically, you'll need to provide evidence of your income to determine your suitability for the finance options offered by our lenders.

Can I finance a used caravan, boat, bicycle, or motorbike?

Yes, at MitchMarket Finance, we can find loans for both new and recreational vehicles. Terms and rates may vary between new and pre-loved recreational vehicles depending on the lender and their offerings.

What documents do I need to apply for a loan?

To apply for a recreational vehicle loan at MitchMarket Finance, you will generally need to provide proof of income, proof of residence, and a valid driver's license or ID. Additional documentation, such as details of the purchase agreement or sales contract for the financed vehicle, may be requested to support your loan application.

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MitchMarket Finance

Retail finance for your customers

Improved Strikerrate: Gain access to MitchCap and over 30 other major lenders.

Profitability: Combined with our floorplan, our clients obtain lower rates or higher commissions.

Our integrated ecosystem goes beyond equipment sales by integrating with MitchMarket’s retail finance solution. This comprehensive integration creates a wing-to-wing dealer finance solution, empowering you to offer financing options to your customers seamlessly.

MitchMarket

Our online marketplace.

Is and ALWAYS will be free for MitchCap Bailment Dealers
Connects prospects and consumers directly to our Dealers
QUAD Lead Generation with active digital campaign lead magnets
Boosts Dealership and Brand followers

Our Connected Equipment Distribution Ecosystem

The equipment distribution industry, with a staggering value of over $300 billion, is a complex and fragmented landscape. It comprises 3,000 original equipment manufacturers (OEMs), 2,000 distributors, 12,000 dealers, and serves a massive user base of 10 million individuals.

At our core, we envision creating a comprehensive ecosystem for equipment distribution that seamlessly brings together all elements of the fragmented channel.

Our approach revolves around leveraging the power of data from floorplan financing as the foundation. By doing so, we aim to bridge the gaps and connect OEMs, distributors, dealers, and, ultimately, millions of users within this vast industry.

MitchCap Frequently Asked Questions

How is MitchCap a Leader in Floorplan Finance?

MitchCap has more OEM Approved Distributor Programs and More Direct Dealer Floorplan Finance Facilities in the Recreational Vehicle, Marine & Boats, Motorcycle, Lawn & Garden Equipment and Bicycles than any other lender. MitchCap’s customers include globally recognised brands; Groupe Beneteau, Mastercraft, Haines Hunter, Horizon, Dunbier & Mackay Trailers, Essential Caravans, New Age Caravans, and the Network RV Group. In 2023 MitchCap offered north of 60 OEM Back Approved Distributor Programs covering over 350 Equipment Dealers.

Does MitchCap fund start-ups and who can apply?

MitchCap is not only an expert in the industries that it serves, it is passionate about its growth and sustainability. This is why MitchCap funds start-up Dealerships driven by passionate founders through to multi-generation family businesses. MitchCap offers Dealer Facilities from $50,000 - $20,0000,000, and on average adds 15 New Dealerships per month with an average facility limit of $1,000,000 each.

How is MitchCap more flexible than the others?

We have a specific inventory focus here at MitchCap - Recreational Vehicles, Boats, Motorcycles, and Outdoor Equipment. We have built a book of 2000+ Brands where we understand the make, the model, how it is marketed and sold, how it operates, and who buys it. By understanding the equipment to a frontier level no other lender has, we can lend more, lend quicker, and do so on better terms than anyone else. Financials are one thing, but at MitchCap we are more concerned with the equipment and how you run your dealership, that is what sets us apart.

I am an importer/dealer. Can MitchCap fund me?

MitchCap offers fully integrated overseas payments with Import and Floorplan Finance. We are passionate about Australian and New Zealand Family-Owned Businesses. As we operate out of an import-driven region – we will help you bring in and sell your leading brands from around the globe.

What are the benefits of having MitchCap as my Approved Distributor Supplier?

Most MitchCap Approved Distributor Programs include:

interest free periods,
greater credit capacity and lower security.
As well as fast-track / non-financial credit approvals.

Contact MitchCap or your OEM Partner to see if you qualify.

Can MitchCap help me launch a new brand in Australia and New Zealand?

We will work with you and our Asset Specialist to understand your market strike zone, distribution, and potential.

Then we will develop and launch a bespoke Dealer Floorplan for you and/or your Dealer Network.

What else does MitchCap offer?

Our goal is to nurture and service our OEMs and Dealers with a fully connected ecosystem.

We now offer marketing support through MitchMarketing, a lead-generation service that will generate traffic from consumers to your stock, your dealerships and our retail partnerships.