After several years of delays, lock-downs and plans on hold, 2022 is a breath of fresh air. People are moving on with holiday and travel plans and there is great energy in the air. But time seems to be moving fast and suddenly the school holiday and Easter break are upon us. If you have school holiday boating plans and need a new boat then a quick boat loan could be required to make that last minute boat purchase.
Securing a boat loan does not have to be a long drawn out and time consuming process. It can be done quickly and in a streamlined way. We provide the lowdown on ways to go about securing a boat loan quickly while still ensuring you obtain the cheapest loan possible.
How to Speed Up Loan Process
The school holidays have specific timeframes so it could be essential that you source your boat loan and buy the boat to meet the return to school date for your school. That can add another level of urgency to the process.
There are smart ways to approach sourcing a boat loan which will save you time. Time which could be valuable if you have a set date to start your boating holiday. A delayed loan approval could delay holiday plans and could also significantly upset the family.
Straight up – if you opt to do it yourself you could be in for a long haul. Savvy loan seekers will want to review a number of options to ensure they are getting the cheapest offer. That can involve approaching multiple banks and/or lenders, going through the process and waiting for them to come back to you with quotes and offers. A process which can be time-consuming!
The quick way is to use the services of a broker-style lender such as Jade that has the resources and capacity to get quick quotes and fast approvals. Speak with Jade Boat Loans and you could be casting off in your new vessel much faster.
What we offer:-
- Access to multiple banks and non-bank lenders
- Your own consultant to handle the entire loan process providing a single point of contact covering multiple lenders
- Expertise and resources to identify and negotiate the lenders to secure the cheapest boat loan offer
- Assistance with paperwork and settlement
- Save time and hassle
- And more!
What you can do to speed up the process:-
- Have documents, ID and financial details ready
- Check credit rating to ensure in good shape
- Refer to our Boat Loan Calculator to form some idea of what loan terms you would prefer
- Set a repayments target so our consultants can get straight to work to negotiate your preferred terms to meet that target
- Decide which extras you want to purchase at the same time as the boat and from the same dealer so they can be included in the loan amount. Think covers and bimini tops (especially important with children on board), life jackets and safety equipment and any upgrades.
Being able to provide the information required for the loan application along with a detailed brief of the loan you would like to your Jade consultant can assist in ensuring the first offer we source meets your requirements. Saving valuable time when that countdown to a boating holiday is ticking!
Overcoming Limited Supply Issues
Availability of supply for some boat makes and models has been an issue due to COVID, a surge in demand and other impacts over the past few years. Some manufacturers and brands appear to be back on track but some models are still in short supply due in part to ongoing computer chip shortages. Also keep in mind that many boat owners lost their vessels in the recent floods and many will be keen to replace them quickly – adding to the demand.
Buyers need to be smart and take whatever steps they can to snare the make and model of choice, especially when there is a holiday deadline to meet.
A pre-approved boat loan may be a solution to consider. Having financed totally sorted ahead of time can place buyers in prime position to commit to a sale immediately. Saving time and saving missing out on hard-to-get boats.
Our consultants can sort a pre-approved boat loan for you quickly and easily. Pre-approved loans are available across our loan portfolio with the Secured Boat Loan the most popular choice for personal-use vessels. You can request a boat loan quote for a set loan amount and be approved prior to actually inspecting and selecting the vessel.
Cheapest & Quickest Loan Offer
A quick loan doesn’t mean you’ll have to pay more. Don’t be tempted by urgency to take on a loan in a panic by say a dealer or other lender without looking into the costs and details. Boat loans can stretch over up to 7 years which is an extended period to be paying more than you could have.
Interest rates on boat loans do vary across the lending market. We’ve prepared an interest rate comparison chart for quick reference.
At Jade Boat Loans we always source the cheapest boat loan offer regardless of how quickly our customer needs their loan. Currently interest rates are still low but the RBA meets again in just over a week and lending rates are highly likely to increase at some point this year. So acting fast may pay off in several ways.
Depending on your schedule, there can still be time to secure a boat loan and a new boat for those school holiday boating plans. Call us today to get the ball rolling!
Contact Jade Boat Loans on 1300 000 003 to arrange your cheap boat loan to make that boat purchase within your budget expectations.
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 MIS-PRESENTED DATA AND DETAILS HEREIN.