Boat Finance
AAA Finance offers boat finance options for purchasing all types of water craft, including fishing boats, speed boats, yachts and jet skis. Australia is a boating paradise with an amazing array of coastline, rivers and lakes to explore. Let us help you make your boating dream a reality! Whether you are buying a boat for the first time or upgrading your vessel. Don't sit idle - we have the perfect boat loan for you!
We keep you afloat on and off the water
Boat Finance for Various Types of Watercraft
What kind of boat do you want? Boat finance for yachts, motor cruisers, commercial vessels, ski boats, runabouts, tinnies and jet skis.
New or used? Whether you want the latest and greatest or the tried and tested.
Where to you want to buy from? Buy privately or from a boat dealer.
What will you use it for - Business or pleasure? It doesn't matter if its for your day job or a weekend escape.
Boat Loan Options
There are 3 boat loan options to choose from, a secured boat loan, unsecured boat loan and commercial boat loan.
1. Secured Boat Loan
A secured boat loan using the boat as collateral. This type of loan offers lower interest rates and higher borrowing amounts compared to an unsecured boat loan. Because the boat is used as security the loan is deemed less risky by lender.
2. Unsecured Boat Loan
An unsecured boat loan can be liken to a personal loan used to purchase a boat. You have more flexibility on what you spend the funds on, however the interest rate is higher. This type of loan can be useful when purchasing older boats.
3. Commercial Boat Loan
Commercial Boat Loans are only available to business owners with an ABN who will be using the boat to generate an income. Interest rates are competitive and some proof of income is required, such as bank statements, BAS or tax returns.
Competitive Boat Financing Interest Rates
Your interest rates is determined by a number of factors. These include the age and type of boat you want to purchase as well as your individual credit profile. For example, a new fishing boat would be considered a less risker venture by lenders compared to a 20 year old sailing vessel.
At AAA Finance, our mission is to connect you with the most suitable lender and present your application in the best possible way. With our extensive experience and access to a wide network of boat lenders, we ensure you receive the most competitive boat finance options. We customize your boat loan to secure the lowest interest rate and best loan terms possible. Not only that, most loan applications are approved within 24 hours!
Apply for Boat Finance
Call today on (07) 5493 1222 to speak with one of our boat finance experts. Or fill in an online enquiry form and one of our team members will be in contact.
To apply for boat finance, you will need to provide identification, proof of income and residence as well as details of the boat you with to purchase. After a quick 5-minute application over the phone, we assess your loan and submit it to the most suitable lender, drawing from our extensive experience to ensure the best outcome tailored to your needs.
Pre-approved boat loans are also available and are valid for up to 3 months. This gives you time to shop around for the perfect boat. It is a great way to ensure a clear budget. It also gives you stronger negotiating power and the ability to act quickly when you find the right boat.
Have you been dreaming of getting onto the water for a while now? It might be time to seriously consider a boat financing option to make it a reality.
Boat Finance Calculator
Use our boat finance calculator to estimate your fortnightly or monthly boat finance repayments. This estimate will allow you to budget for your boat finance repayments. Please note, your interest rate will be determined by your personal profile, credit history and the boat being purchased.
Useful Link
Myboatinglife.com.au for some great tips when purchasing a new or used boat. This site also has detailed boating destination reviews in and around your local area.
