Have you suddenly realised that it’s nearly Easter? Realised that the first few months of 2023 have whizzed by and the next multi-day break is nearly here and you haven’t made holiday plans? Made a last minute decision that it’s a great time for a getaway on a boat? But you’re existing vessel needs an upgrade or you don’t even own a boat? Easter is only weeks away but it is not necessarily too late to make a new boat purchase with finance for a boating getaway. For buyers who have made last minute Easter plans and are looking to buy a new boat to get away, Jade Boat Loans can assist with fast approvals on the boat loan.
If you can find the right boat to purchase, we’ll find you the right boat loan to make the purchase happen. We work differently from banks and finance companies and have the resources, capabilities and enthusiasm to secure boat loans for our customers quickly and efficiently.
But first, you need to find the boat you want to purchase. Maybe it’s not a boat, perhaps a jet ski, yacht or even a houseboat. Whether a cruiser, trailer boat, sail boat, PWC, we finance all types of new and used boats. The choice may come down to the choice of recreational activity and the waterways you choose to visit.
Ideal Boating Conditions
Boating conditions are shaping up as ideal in many states if the current weather patterns are any guide. In its latest climate driver update, the Bureau of Meteorology has announced that La Nina has ended in the tropical Pacific Ocean. The neutral conditions are expected to be present through the southern hemisphere autumn.
The start of autumn has seen heatwave conditions across many states. While presenting bush fire dangers in some areas, in others, the conditions have been welcomed. It’s been quite a few years since Australians got to enjoy such great autumn conditions. Many areas were subject to heavy rainfall and floods last year. Prior to that, there was the pandemic to contend with.
So get a boat and get out on the water and make the most of it. Victorians have a number of recently upgraded boat ramps to take advantage of to add to the boating enjoyment.
Boat Loan for New Vessels
The type of loan products are the same regardless of the type of boat being purchased. We offer both secured and unsecured options. Secured Vessel Finance is the popular choice for most buyers of new boats and used boats deemed acceptable as the loan security.
The boat becomes the security or collateral against the loan. For many buyers, additional security is not required. We source this loan product at a fixed, cheap interest rate, with a fixed loan term of up to 7 years. That results in fixed monthly repayments for easy budgeting and confidence that the rate and repayments won’t change every time the Reserve Bank of Australia makes a change to interest rates.
This loan product can be sourced to include not just the boat but additional accessories and extras. For example, if buying a new trailer boat package, the loan may cover the entire package. Loan options can include the boat and the trailer, boat and motor or boat, motor and trailer.
If purchasing a yacht and the sails and rigging are included, they should be able to be included in the total loan amount. When purchasing a boat from a dealer that also sells safety equipment, items such as life jackets, beacons, flares, electronics etc may be included in the loan.
Buying a Used Boat
The alternative to a Secured Watercraft Loan is an Individual Unsecured Loan. This is an option in circumstances where the boat being purchased is not considered suitable security for a secured loan.
As the loan is unsecured, the interest rate is higher than for a secured loan. But the features can be flexible and negotiated to meet individual requirements. You don’t need to make that decision beforehand. Your Jade consultant will take the brief of your requirements, including details of the boat, and will advise which is the best loan option.
If you are considering buying a used boat, you’re welcome to speak with us to talk through the options. This may assist you with the boat selection process. We also assist buyers of used boats with the necessary security checks such as PPSR and rego.
If planning to purchase a used boat from a private seller, primarily via online platforms, ensure you follow best practices. There are many scams and frauds operating and buyers need to be exceptionally cautious and check all the details.
Fast Boat Loan Approvals
When time is of the essence, aka Easter boating time only weeks away, engaging us to source the boat finance can make a significant difference. Obtaining sufficient quotes to compare can take ages when undertaken individually. We cut out all that time-wasting and hassle.
We have all the lenders including specialists in marine finance. That represents literally hundreds of different loan products. We quickly match individual customer requirements with the lender that best meets those requirements and is offering the cheapest interest rates.
Applications for a New Watercraft Loan can be approved in 24 hours. So you could call us today to apply for a boat loan and be launching your new boat at the ramp within days. Whether it’s a boat purchase that has been planned for ages or a last minute decision, we can assist with sourcing a boat loan at the cheapest interest rate.
To secure a last minute boat loan at cheaper interest rates contact Jade Boat Loans on 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.
