Loans for catamarans for buyers considering a multihull for a luxury cruising experience are available with competitive rates and terms through Jade Boat Loans. A catamaran can be an ideal vessel for sailors looking to undertake both short and longer cruising experiences, for day sailing and for those looking for a high-performance watercraft. Models are available across a broad range of styles and sizes, with the cruising models offering luxury, stability and practicality.
With many exciting models and multihull brands set to display at the Sanctuary Cove Boat Show in May, yacht buyers may like to consider their model and financing options to be ready to order. Amongst the names displaying at the Show will be Seawind, Lagoon, Leopard and Sailcat, and many more. Offering buyers numerous options to consider. But with any major purchase where financing is required. The final decision may come down to the finance. We provide multihull buyers with an overview of their financing options and a glimpse of the latest models.
Loans for Catamarans – Secured and Unsecured
As a yacht, a cruising catamaran can be financed with the same loan as used for other types of boats. The options for buyers are essentially a secured or an unsecured loan. Most buyers of new boats will opt for a secured format loan. This allows the buyer to use the vessel as the main collateral for the finance. Many buyers can be approved for a loan with a new vessel as the sole source of security. Eliminating the need to tie up other assets as loan collateral.
Our Secured Boat Loan can be used to finance all types of new multihulls. The loan includes a fixed rate of interest and a fixed repayment term. Providing buyers with a fixed repayment schedule. The fixed rate and repayments will not change over the term, even if the RBA does announce rate changes. Providing those embarking on a long cruising experience the assurance and peace of mind that their loan won’t change while they are at sea.
Whether the entire purchase price of the multihull may be covered by the loan will be dependent on the individual lender assessment of the application. When arranging yacht finance for our customers, we work to include as many ‘extras’ in the loan to meet customer preferences. Where extra sails, rigging, safety gear and other options are ordered from the same dealer at the same time as the yacht, these extras can usually be included in the loan.
Insurance is required on boats that are under finance. Using a specialist marine insurer is strongly advisable to ensure all aspects and scenarios are covered.
Some buyers may prefer not to offer the new multihull as loan security. This may be because they are buying a boat in partnership with other parties or where they only require a small loan for the purchase. These buyers may consider an Unsecured Personal Loan.
An unsecured loan is a very versatile option which can suit many buyers with essentially no collateral required. The interest rate may be fixed or variable and will be higher than for a secured loan due to the lack of loan collateral.
Whether a secured or an unsecured loan is your preference, we will be working to secure you the best rates and most workable loan to suit your requirements.
New Multihulls Displaying at Sanctuary Cove
Sanctuary Cove Boat Show is on 22-25 May and will be a great place for multihull buyers to see many models on display in the same place. A great opportunity to compare multiple options and possibly, place your order.
Some of the leading catamaran brands which will be on display include Excess Catamarans, Multihull Central, Aquila, Sailfish, Voyager, Leopard, and many others. Opportunities are being offered to step aboard and for some models, enjoy a sea trial.
Two models to earmark inspecting are Fountaine Pajot Tanna 47 and the Elba 45. Considered highly sought-after for their luxury, comfort of performance. The winner of Multihull of the Year 2024, the ILIAD 53F will also be on display along with Cruising World’s 2025 Best Boat, the Seawind 1370.
For luxury and performance to the hilt, buyers must see the range from Leopard Catamarans. Described as the ‘next evolution in cruising’, this brand offers innovative features which reduce fuel consumption, increase space, and improve stability.
Estimating Loans for Catamarans
Whether you’re inspecting multihulls at Sanctuary Cove or online in the comfort of your own space, use our Boat Finance Calculator to compare finance on different brands and models. To be ready to order at the Sanctuary Cove Show, contact us for pre-approved financing.
For loans for catamarans from leading brands, contact Jade Boat Loans 1300 000 003.
DISCLAIMER: THE INFORMATION AND SPECIFIC DETAILS CONTAINED IN THE CONTENT OF THIS ARTICLE HAVE BEEN PREPARED AND ARE PRESENTED PURELY AS GENERAL INFORMATION AND NOT INTENDED AS THE ONLY SOURCE OF FINANCIAL ADVICE FOR BOAT BUYERS AND LOAN BORROWERS. FOR THOSE THAT CONSIDER THEY REQUIRE SPECIFIC ADVICE, THEY SHOULD CONSULT WITH A FINANCIAL ADVISOR. LIABILITY IS NOT ACCEPTED IN REGARD TO ERRORS AND MISPRESENTED DATA AND DETAILS HEREIN.
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