Finance options for an Ursa Minor
We get questions about financing occasionally, and have looked into it. The short answer is we do not have a financing option available through Ursa Minor.
The longer answer is that because our campers go on a car, it is difficult to collateralize a loan, since there may be other loans on the vehicle that have priority. This forces the financing toward unsecured options, which usually are tied to one of the major credit cards.
In effect, the most common financing programs are essentially taking out a new credit card for just the purchase and paying it off over time. Unfortunately, that can get more expensive than if a customer uses an existing credit card, since there will be more fees for doing it through Ursa Minor and a financing company.
Our recommendation is to go with one of two approaches to finance the camper:
- Use an existing credit card, and pay off over time as convenient/economical. With planning, some cards allow for a balance transfer at 0% for a period, which could work to defer or extend the payment timeline. Note that only 10% is required as a down payment, and the final balance is due only at delivery.
- Source a personal loan through a bank or credit union, as these may have rates much lower than credit cards.
Some customers may prefer to make pre-payments while waiting for the camper. This not required by Ursa Minor, but if it helps to budget or plan, a customer can make pre payments by sending a check to our Chula Vista location made out to Ursa Minor Vehicles. In the memo, please note the last 4 digits of the order number and note it is a pre-payment. Any payments sent will be credited to the order, reducing the final balance due at delivery.