Get Ready for Summer with Great Value Boat Finance

GetApproved is gearing up for the summer with a range of great value marine finance solutions. Summer is traditionally a great time for boating, and every year we help people acquire the vessel of their dreams with a quality loan or lease package. If you’re thinking about purchasing a boat this summer, read on to learn more about saving money on your finance.

An overview of your options for financing a boat

Interested in getting your hands on a new vessel but not sure about the best course of action? There’s more than one way you can finance a boat, and different options have their own unique benefits. At a glance, these are the most common ways that people finance boat purchases in Australia:

• A secured Boat Loan - where the lender provides you the total funds upfront and you purchase the boat outright, paying the loan back in fortnightly or monthly installments.
• Chattel Mortgages are also possible if you will be using the boat primarily for business purposes. A Chattel Mortgage is a kind of secured loan and can present attractive tax incentives to the customer.
• You can also finance a boat under a Hire Purchase agreement, where the lender buys the vessel on your behalf and you agree to lease it from them for a specified period of time, after which you assume full ownership.

Need more information? Talk to the boat finance experts!

No matter what kind of boat finance you’re interested in, getting some professional guidance is the first step to saving money. The team at GetApproved have been doing boat finance for years. We are a group of passionate industry experts who can help you make sense of the marine lending market and find the best deal based on your own needs and circumstances.

If you’re ready to make the ultimate lifestyle or business investment and purchase a boat, GetApproved is your one stop shop for great value finance. Drop us a line today and find out how we can help.