Get That Boat Loan is here to help you find the right boat loan that suits your lifestyle and budget.
With so many loans out in the market it can be daunting, so to help you make the right decision we have listed all the types of loans that can available to you, remember our friendly brokers can talk through the right loan so just call us (1300 799225) and we can help you out.
A boat loan is used to finance the purchase of a new or used lifestyle product. Loans can be secured or unsecured (although generally at a higher interest rate) with terms that can vary from 12 – 84 months. You can also be eligible for a balloon payment or residual option which can allow for greater flexibility of payments during the life of the loan. By setting a balloon or residual payment for the end of the term to, you can reduce your monthly payments to better suit your own personal budget. At the end of the term, you can either pay out the full amount in one hit or re-finance the balloon amount and continue paying off the boat over a new loan period. (Subject to lender approval conditions)
Speak to your friendly Get That Boat Loan specialist and let us help you find the right loan for you
Secured Boat Loan
At Get That Boat Loan, we can help you find the right secured loan for you. This is the most common type of loan to purchase boats in Australia for personal use. The lender provides the funding necessary for a customer to purchase the vehicle. You, as the customer take immediate ownership of the lifestyle product when it is purchased. The lender takes security over the boat until completion of the loan. Once the final payment is made the lender’s interest is removed giving the customer clear title of the vehicle. The boat must be comprehensively insured whilst there is fund’s owing against the vehicle.
Call and speak to one of our friendly Get That Boat Loan specialist and let them help you find the right loan for you
Get That Boat Loan can help you find a personal loan for your next new or used boat.
A personal loan is suitable if you who wish to purchase a boat that is outside of normal lending guidelines (e.g. older model and low value vehicles) or who do not wish to have a loan secured against their vehicle.
Under a personal loan the financier advances funds to the customer, which is used to purchase a boat.
The customer then takes ownership of the lifestyle product at the time of purchase, and must repay the loan to the financier over the agreed terms.
Unlike a boat loan, the financier does not hold the boat as security for the loan.
Benefits of a Personal Loan
- Flexible contract terms ranging from one to ten years
- Fixed or variable interest rates
- Deposit (either cash or trade-in) can be used
- A tax deduction is available when the lifestyle product is used for business purposes
- Less rigorous approval guidelines
- The loan is not secured against the vehicle
Your Get That Boat Loan specialist is waiting to hear from you, let us help you find the right loan.