Mobile home credit
Purchases of mobile homes in France
Nearly 12,000 mobile homes are sold each year in France. sold every year. This is just over half of 2010 sales (20,000 units at the highest). The market is gradually recovering but really took a hit in 2104 with the increase in VAT from 3% ... to 10%. These 12,000 new mobile homes have added to, or simply replaced, the total fleet which is estimated at more than 250,000 already installed. Half are owned by individuals and the other half by campsites or other rental formulas. For individuals, the mobile home is designed either as a second home "in the countryside" or as a holiday resort.
If you are considering buying it, remember that buying a mobile home is a long-term investment, but it is generally estimated that its useful life is 20 years.
Example for a loan of 35,000 us dollars for a new mobile home over 84 months
To help you make the right choice, we have compared the cost of credit, i.e. what you will actually pay to finance your mobile home!
The Mobil-Home loan is used to finance brands such as Bati Concept, Chalets Fabre, GI Production, IRM, Louisiane, Mobil-Home Rideau, Nautilhome, O'Hara, Plyhome, Rapidhome, Samibois, Sunair Lodge or Trigano ...
Credit simulation for the purchase of a mobile home 35,000 us dollars over 84 months | ||||||
| # | Etab. | Mens. | Cost of credit | |||
|---|---|---|---|---|---|---|
| 1 |  | $ 471.99 | $ 4647.16 | |||
| For a loan of 35,000 us dollars, you repay 84 monthly payments of $ 471.99 (excluding insurance), for a total cost of $ 4647.16. No administration fees. APR from 3.60%. | ||||||
| Make your own simulation or online application on Younited credit . It's simple, fast, without obligation, and also suitable for mobile. | ||||||
| 2 |  | $ 478.73 | $ 5,213.32 | |||
| For a loan of 35,000 us dollars, you repay 84 monthly payments of $ 478.73 (excluding insurance), for a total cost of $ 5,213.32. No administration fees. APR from 4.09%. | ||||||
| Make your own simulation or request online on Paydaynow . It's simple, fast, without obligation, and also suitable for mobile. | ||||||
| 3 |  | $ 495.41 | $ 6,622.30 | |||
| For a loan of 35,000 us dollars, you reimburse 84 monthly payments of $ 495.41 (excluding insurance), for a total cost of $ 6,622.30. No administration fees. APR from 5.15%. | ||||||
| Make your own simulation or request online at Paydaychampion . It's simple, fast, without obligation, and also suitable for mobile. | ||||||
* Subject to acceptance by the lender - Update: 11/01/20
Some points to check
- The purchase of a mobile home should not be done lightly, on a whim ... Do not let yourself be taken in by a bad seller who offers you both the rental of the land, the mobile home and the credit that goes with it! Financing is a commitment over many years and it is up to you to compare several credit offers before subscribing.
- Always test the campsite or the site where your mobile home will be installed before committing. And above all, do not rent a location without having visited the site at least once
- Do not stop at the first mobile home builder, even if you have "flashed" on a model. There are several manufacturers of mobile homes in France: run the competition and visit the showrooms or enjoy the trade fairs .
The costs to be recognized
- Transporting your mobile home (for new equipment) to its destination can easily increase its purchase price by 10 to 20%: the further the manufacturer is, the higher the cost of transport will be. Count at least 4 to 5 us dollars per kilometer ...
- Note to move a second-hand mobile home it is also necessary to account for removal costs (disconnection of the installations).
- Installation and rigging costs which can vary from 400 to 2000 us dollars depending on the location.
- The entrance fee to the field which can go up to 5000 us dollars ... beware of abuse!
More random, you will probably have renovation costs over the years: big storm, paint overexposed to the sun, flood ...
Credit for mobile home
The amount of the mobile home loan
Depending on the type of mobile home you choose, the prices in the new one vary from 20,000 to 60,000 us dollars . For a mobile home of opportunity count at least 15,000 us dollars. By taking a loan from a credit institution, you can include the purchase price of the mobile home, options, furnishings, household appliances, transport, installation costs, entry fees ... The APR is fixed and your monthly payments do not change.
The duration of the mobile home loan
If on average the credits are made over a period of 7-8 years, you can generally (for new equipment) obtain a credit for a maximum period of 120 months . However, we advise you, depending on your budget, to try to reduce the repayment period as much as possible. This will allow you to pay less fees, and especially to be freed from your credit faster.
Compare credits
As with any credit, it is useful and interesting to compare credit offers. Do not look only at the rate (APR) but above all at the total cost of the operation, the only real indicator of comparison.
Important tip
Do not forget to take out credit insurance to plan for hard times. This certainly has a cost, but it is essential security.
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