| Wanting the boating lifestyle but don't have the cash | | | | purchase but didn't know which lenders offered a |
| to pay for your dream boat upfront? A marine loan is | | | | commercial boat loan or boat finance alternatives. A |
| the obvious answer, but finding one can be time | | | | broker who specialised in boat loans was able to get |
| intensive and complete with knockbacks. | | | | pre-approval on his boat loan within 24 hours and |
| Not all banks readily offer finance in the form of boat | | | | completed the boat loan in just a few days. Brett |
| loans. They may offer a personal loan which is | | | | ended up with a secured boat loan and because the |
| generally unsecured and therefore has a high interest | | | | boat was used for business, he was able to claim the |
| rate. A secured boat loans is often possible through | | | | boat loan interest as an expense for tax purposes. |
| specialist boat lenders. | | | | Luxury marine finance case study |
| There is the perception that all boat loans are | | | | Philip had always dreamed of a large cruiser for trips |
| inflexible offering rigid terms and high rates, but the | | | | to the Whitsundays and the Great Barrier Reef. |
| reality is that a specialist boat loans broker can often | | | | Whilst he was in a well-paid executive position, he |
| provide a boat loan alternative that offers some or all | | | | didn't have the spare hundred thousand plus that he |
| of the following benefits: | | | | needed to fund the boat's purchase. |
| - Your boat loans may be able to include insurances | | | | Philip had always used a mortgage broker to find |
| and warranties | | | | funding for his property purchases, so knew he |
| - You may be eligible for a boat loan with a flexible | | | | should find a specialist broker to source a suitable |
| terms up to 7 years) | | | | boat loan. |
| - Fixed or variable rates may be available on a boat | | | | Philip wanted a good interest rate and low |
| loan | | | | repayments, so he opted for a secured boat loan |
| - A deposit may not be required when taking out a | | | | with a seven year term. He now uses the boat at |
| boat loan | | | | Christmas and Easter with his family and on |
| - Depending on the usage of your boat, there may | | | | weekends for local day trips and overnight stays. |
| be tax benefits applicable to your boat loan | | | | Boat loans made easy |
| - A balloon repayment may be available to enable a | | | | Don't have time to run around to several lenders to |
| smaller repayment over the life of the personal boat | | | | find the best boat loan? An online boat loan |
| loan. | | | | application can save you time and effort! A specialist |
| Commercial marine finance case study | | | | marine broker can assist you with a boat loan, |
| Successful commercial fisherman Brett wanted to | | | | starting with an online application, they can offer you |
| expand his fleet of commercial fishing boats. Brett | | | | a boat loan option to suit your financial situation. From |
| paid cash for his first fishing boat, but he was realistic | | | | yachts, to motorboats or commercial fishing vessels, |
| enough to know that the business would benefit | | | | even jet skis 360 Financial Services can assist with a |
| from financing the next boat with a boat loan to | | | | boat loan. Contact one of 360 Financial's trained boat |
| increase revenue as quickly as possible. | | | | loan financal consultants on 1300 361 360 or Apply |
| So Brett needed to find a boat loan to fund the | | | | for marine finance online. |