The tourism industry has taken a massive hit from the coronavirus pandemic and the charter boat sector especially is looking forward to a quick recovery. In the short to medium term, recreational and tourism boat charter businesses will be relying on local and domestic visitors as they wait to welcome back international tourists when international borders re-open.
Enjoying the waterways is a huge attraction in Australia and hiring, chartering or buying a ticket on someone else’s boat to enjoy the experience is favoured by a lot of people. Fishing charters, whale watching, yacht hire, harbour cruises, boat hire, river boat and houseboat rental and party operators all rely on the tourist and visitor dollar and need to make significant investments in their product to attract the best custom.
The quality of your product offering determines your reviews, your return custom and your business viability. At Jade Boat Loans we fully appreciate that the charter boat industry needs good value, well-structured finance which will work for them over the life of the vessel. That’s why we have dedicated marine finance expert consultants to source the cheapest commercial marine finance deals and structure the finance packages to specifically suit individual business requirements.
Marine Finance Options
Jade Boat Loans specialises in marine finance and we have access to a wide selection of banks and lenders that also specialise in the sector. That provides us with the external resources combined with our in-house expertise, to source you the best commercial boat loans available.
We offer the full portfolio of commercial finance products:
As finance brokers we have the flexibility to negotiate not only the cheapest interest rates but the loan terms and structure that will work with your cash flow and your longer term business objectives.
All our marine finance products feature:
- Our Jade cheap interest rates
- Fixed interest rates
- Fixed monthly payments
- Fixed loan term
- Individually tailored packages to suit individual business requirements
Interest rates are at historic low levels and looking like staying that way for some time, so now could be the ideal time for you to invest in one or an entire new charter boat fleet.
Preparing to Launch
Winter is usually a quiet time for many water-based businesses, though 2020 is anything but normal in any respect. With many state governments launching ‘holiday at home’ advertising campaigns and after an extended lockdown period, it’s likely that more Australians than usual will brave any weather to get out and about and enjoy our great waterways.
Smart businesses are taking advantage of this time to prepare their products and to take advantage of EOFY and other offers in both the new and used boat sales markets.
We took a browse of some of the commercial vessel sales websites and is a good selection of vessels available across Australia: catamarans, schooners, whale watchers, ex-patrol boats, deep water fishing boats, amazing motor yachts which are charter favourites in the Whitsundays, aluminium fishing charter boats which are favourites on any waterway, clipper yachts and many, many more.
One of the key advantages of buying a second hand boat is that they vessel is usually already under survey. Thus saving you that expense is buying new. When buying, ensure the survey certifications covers the usage and the regions where you intend to conduct your business.
Purchasing a new charter boat can be a timely process especially if you are having the vessel built to your specs.
Whether you’re buy new or used, from a dealer, at auction or from a direct seller, it’s a smart move to pre-arrange your finance. Your Jade consultant can arrange your finance package based on the price you anticipate paying for your charter boat rather than on a specific vessel. No problem there.
We go through the same loan process – sourcing you a quote from a wide lender panel, negotiating the cheapest deal and on acceptance, having your application approved. So the finance is ready to finalise as soon as you do the deal with the seller.
Tip: pre-approved finance can be a great bargaining tool when negotiating with sellers!
Sourcing Your Charter Boat Finance
The coronavirus pandemic may have hit our businesses hard, but we are making our best efforts to bounce back and support our customers with great boat loan deals to accelerate their recovery also.
So get organised now and prepare your charter boat product so you are well-positioned to capture your share of the visitor market. It is anticipated that the Australian Government and individual state governments will be extending support packages to the tourism sector, so stay tuned to see what is available for your business.
We’ll be staying across these updates, so stay tuned to our blog for news.
Speak with a Jade Boat Loans consultant to discuss how we can source you a cheap charter boat loan to assist your business. Call 1300 000 003