Marine finance covers a range of different asset types predominantly used for personal use, with an extended range of finance products for business use also. Things you should know when it comes to financing marine products;
Finance available from $1500
Personal and Company loans available
Balloon and residual values payments available
Finance terms 24 to 60 months
Age of asset 20 years old at contract maturity
Dealer and private sales available
Trailerable Boat Packages
Motors & Outboard Engines
Inboard Engines (must have security over the entire boat)
More Information On Marine
Boat purchased through a registered dealership within Australia. One of the benefits of buying through a certified dealer is a 12 month mandatory warranty will be provided on the asset, so if anything goes wrong, you are covered.
Boat purchased through a private seller within Australia. Supporting documents are required when financing the boat which include; registration papers, vendor invoice.
Low Doc Loan Application
Business must be registered for 12 months and registered for GST. Client must be asset backed with property or contribute a 30% deposit towards the sale price of the plant & equipment. Client must have a clean credit file.
Full Doc Loan Application
Business must be registered for 12 months and registered for GST. Client must provide full financials which includes; most recent Company Tax Return, YTD company financials, Notice of Assessment and complete a full personal application.