Loans for boat equipment including upgrading safety equipment, replacing covers and canopies, new outboards etc are available as Unsecured Personal Loans. Safety equipment especially should be regularly checked and updated or replaced as necessary. With the start of the new boating season imminent, now is the time to refresh your safety practices, check your gear, and make the necessary repairs and purchases to bring it up to scratch.
If you haven’t used your boat much if at all over winter, doing a full check is highly recommended. Many areas of Australia experienced a very wet winter. Boats exposed to the weather when parked on trailers, or on moorings and marinas may have experience damage. It may be visible with canopies and covers or less visible with moisture build-up in motors, electronics and in other parts and areas.
Lifejackets, ropes and similar can deteriorate with time and the elements. Lifejackets may also have an expiry date as do flares. Check all the dates and condition to see what needs replacing. Don’t forget to check the anchor and other metal fixtures and fittings for corrosion and damage.
With motors and engines, follow the manufacturer’s guidelines for servicing and checks before heading out on the water for the first time in a while. If a service is required, get in fast with your booking, specialist marine mechanics and workshops will sure to be busy at this time of year.
Safety Check List & Reminders
The start of the new season is also a great opportunity to refresh your knowledge and memory of practices and procedures and what equipment you require. Requirements can vary from state to state. Resources are available through your state Maritime department such as through NSW Maritime. Essential equipment varies with the type of waterway and the type of boat. Refer to the equipment check list to ensure you are compliant.
One of the minimum requirements is to have one lifejacket per person. The lifejacket must comply with the type of waterway – offshore/inland, and vessel requirements. Other equipment includes bilge pumps, flares, fire extinguisher, drinking water, marine radio, etc. Safety equipment must be maintained and stored according to individual specifications and replaced by any applicable expiry date.
The owner and skipper must be aware of the capacity of their vessel. The number of people, provisions, equipment which is allowable under different conditions and on different waterways.
An important reminder is on correct loading of your vessel. If a new boat owner, this may not be an aspect you have considered in great detail. Unevenly distributing weight and overloading can lead to capsizing or swamping. Ensure everything is secured and that all those aboard are aware not to move around. Know the maximum load and persons capacity for your vessel. If you’ve added new gear and equipment in the off-season, remember to allow for the weight when working out your limits.
Powerboats and other models will have the details on the Australian Builders Plate or safety label. Sailing boats will have the load and capacity established by the manufacturer. Authorities recommend that loads be reduced in open water and when conditions are poor.
When loading your boat, stow the heavy items low in the boat. People and items need to be placed to distribute the load evenly and ensure the boat is balanced and level. This ensures freeboard and trim to be maintained.
Maritime authorities remind boat owners to carry out a lifejacket check before heading out – check for any visible signs of wear and tear; check cylinders are full and that each auto cartridge is armed; check cylinder and cartridge are ‘hand tightly’ screwed in; ensure the cord is clear and ready; and check the service date.
Above all, remember that the first rule for all skippers is that that safety starts with you. Check your safety equipment and weather before planning your day out, and when you do head out, log on to your relevant marine rescue authority.
Loans for Boat Equipment
If you’ve done your pre-season launch boat check and find you have an extensive list of gear to replace and upgrade, financing for the purchase may ease the budget pressure. An Unsecured Personal Loan is a versatile credit product which can be used for upgrading your boat to meet safety requirements.
This type of loan may have a variable or fixed rate. We source the best rate to suit your profile and negotiate terms to deliver an affordable repayment schedule. Loan amounts approved for unsecured with lenders and for individual applicants. When compiling your list of what gear you need to purchase or services you need to engage, use our Finance Calculator to get an estimate of possible loan repayments.
Where the equipment being purchased is suitable to be offered as loan collateral, eg a new outboard motor, a Secured Boat Loan may be considered.
What can be purchased with loans for boat equipment?
As no collateral is required for an Unsecured Personal Loan, this type of credit may be used to finance many items and gear, as well as to cover repair, mechanics, and other marine service specialists. When the loan is approved, the funds are transferred to the borrower’s bank account to be used as required. Individual items do not need to be itemised in the loan application.
Items may include new covers and canopies, lifejackets, sails and rigging, upgrading electronics, a new marine radio, replacing expired flares etc. Services may include annual engine and motor servicing, hull cleaning and repair, repairs to fittings, and custom-made upholstery and covers.
To start the process of ensuring your boat is safety-compliant and in good condition to start the new boating season, apply for finance to cover the costs involved.
Be ready for the start of the new boating season by financing the you’re your require with affordable loans for boat equipment with 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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