Boat Financing Options

Loan options for Boat Finance

The vast majority of boat finance in Australia is through secured lending. We are able to accomodate other types of financing. One of our experienced brokers will be more than happy to discuss this with you on the phone.

Boat Loan

A boat loan operates similar to a car loan or other type of loan for equipment. Ownership transfers to the borrower in return for fixed repayments over up to 7 years. [click here to read more about a secured lending]

 

Chattel Mortgage for boats

A Chattel Mortgage is suitable for business financing . It is a requirement that a business (ie an entity with an ABN)who takes out a loan and the vessel must be used for a minimum of 50% business use. Repayment options can... [click here to read more about a boat chattel mortgage]

CHP for a boat

A commercial car hire purchase is where a finance company buys the boat for a customer and then in turn grants the client use and custody of the motor vehicle on an contractually stated payment plan. [click here to read more about a Commercial Hire Purchase]

 

Boat Leasing

Boat leasing may be a preferred option when purchasing a boat. Leasing provides various advantages, including the ability to maintain a low repayment. The disadvantages of leasing a boat include... [click here to read more about a Boat Lease]