Commercial Hire Purchase
Here at Get That Boat Loan we can offer you a Commercial Hire Purchase (CHP), which is is a commercial finance product where the customer hires the vehicle from the financier for a fixed monthly repayment over a set period of time.
Under a commercial Hire Purchase arrangement the financier agrees to buy the boat on behalf of the client, and then hire it back to them over a set period of time.
The customer has the use of the boat for the term of the contract but it is not the owner of the boat.
At the end of the contract, when the total price of the boat and the interest charges have been paid in full, the customer takes ownership of their boat.
Call us and speak to one of our friendly Get That Boat Loan specialist and let them help you find the right boat loan for you.