Easter is fast-approaching and if recent events such as the rain and floods in eastern Australia have meant plans have been put ‘on hold’, it could be time to act. The past few years have been tiring and tiresome with the persistent issues around COVID-19 causing ongoing and recurring delays with holiday and getaway plans. The recent unprecedented rainfall and floods on the east coast have also meant many plans have had to be pushed back. For many that could mean plans to buy a boat to head off for an upcoming break and the need for quick boat loans.
Perhaps you’ve made a last minute decision and want to buy a new or upgrade your current boat for that Easter getaway. Possibly your boat was written-off in the floods and you need to replace it promptly. Or you may be wanting to secure the purchase of limited stock craft or take advantage of a marine dealer sale.
That can all mean a sense of urgency in organising your boat loan to facilitate the boat purchase. The need for speed does not mean the need for recklessness or rash decisions in regard to the boat loan. The decision to take on finance is an important move and ticking all the boxes should not be overlooked. The result of making uninformed or knee-jerk decisions can mean paying more for your boat loan over the many years of the loan term.
Just because you’re in a hurry doesn’t mean you have to sacrifice achieving a cheap boat loan. To ensure greater haste does not result in poor decisions which can end up meaning paying too much, Jade Boat Loans offers a professional and expert marine lending service for quick boat loans at better interest rates.
Here’s our quick guide to quick boat loans for buyers in a hurry!
Instant Interest Rate Comparison
The interest rate is the key determinant of the overall cost of the boat loan. Securing the loan at the cheapest interest rate is a key objective and one that doesn’t need to be given up on just because you need to arrange a boat loan quickly.
There are a number of sources for boat loans – banks, finance companies, finance brokers, and to ensure our customers can do their homework quickly, we’ve prepared an interest rate comparison table. This chart sets out a range of lenders with the loan types that they offer for boat finance including the current interest rate. It also doubles as a calculator.
To compare boat loan interest rates just browse the list. To find out what loan repayments might be for the boat you want to purchase without contacting every lender individually – enter the amount loan amount and see the results. These are only estimates as aspects of individual applications and details of the boat need to be considered when lenders prepare their loan offers.
But it’s a quick and easy start and something you can do in your own time, no need to wait for business hours.
Save Time Securing the Cheapest Loan
Sourcing the cheapest boat loan can be a very time-consuming task IF you do it yourself. To be confident that all bases have been covered, many will want to receive firm boat loan quotes from a number of lenders and strive to negotiate on rates and conditions.
But there is a shortcut to all that which, for many, is the standard and most sensible way to go about securing the cheapest boat loan – engage the services of a broker such as Jade Boat Loans. Engaging our services doesn’t add to the time it takes to secure a boat loan but can actually save a heap of time while ensuring the cheapest loan offer is secured.
How can we make this happen? We are accredited with a large number of banks and other non-bank lenders and our consultants have industry-level connections with the market. Our resources and priority access allow us to know which lenders are offering the best loans at any one time and get back to our customers with the cheapest offer from across the market, faster.
As boat loans are covered under consumer finance laws and regulations there are steps, checks and processes that as lenders we must follow rigorously. In securing the cheapest offers for our customers, our consultants do not take ‘shortcuts’ on our obligations as a responsible lender and licensed credit provider. Our customers’ best interests are at the core of our work.
To ensure there are no unnecessary delays in taking delivery of your new boat, our consultants also assist with the settlement stage. This involves liaising between our lender and your seller to finalise the payment.
When considering what boat you want, also decide what extras and accessories you may want so we can include those in the loan.
What you need to apply
To ensure you don’t hold up the loan sourcing process, you can ensure you have the details and reference documents ready for when our consultants request them from you. These details are required under the consumer finance laws.
- Employment and income situation and history
- Residential situation and history
- Assets, liabilities and expenses details
You will need to take out insurance on boats under finance. So getting started with that may prevent unnecessary delays in actually taking delivery of your boat.
Safe Easter Boating Tips
Easter is a great time for boating and hopefully we can organise your loan so you can secure your boat in time to shove off on a boating getaway.
- Avoid flood-impacted areas as there will be debris in some waterways for a long time.
- Flooded river systems will present risks for some time as debris and water flow moves downstream
- Keep an eye on BOM and Marine Safety warnings for offshore boating conditions
- Don’t forget to check tidal considerations
- Take care in rivers and lakes for semi-submerged risks and obstacles
- Trailer boat owners – check your vehicle towing gear
- Check lifejackets and safety gear
Contact Jade Boat Loans on 1300 000 003 to quickly organise a boat loan for a last minute boating purchase
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.