Sanctuary Cove Boat Show will be held at the Gold Coast, 22-25 May and buyers planning to order at the event can pre-arrange finance through Jade Boat Loans. While the date may seem quite a way off, planning and preparing for major purchases with finance, such as boats, can reap benefits. Many of the luxury cruisers on display at the show such as from Riviera, Maritimo and Horizon Motor Yachts have significant price tags and require serious consideration. Even loans for small craft such as jet skis can be considered purchases and good preparation may contribute to a more workable loan outcome and more streamlined process.
So, what is the right timing for arranging marine finance? Initial planning and enquiries can be done at any time by contacting us online or by phone to discuss options and possibilities. Initial checks such as eligibility and establishing borrowing capacity can be carried out and credit products considered. Conditionally approved loans can be secured in the weeks prior to a show.
The event attracts many visitors and grows every year. Time to book travel and accommodation if from interstate and while you’re making those plans, start thinking marine finance. We outline the process for planning ahead with our expert tips and details of the Sanctuary Cove Boat Show.
Selecting the Right Marine Finance for Your New Boat
With over 330 exhibitors, the event will present watercraft and vessels across a wide range of types, styles and prices. Cruisers and power boats, yachts, trailer boats, jet skis and others. This year’s event will include a world-first – an experience on an electric hydrofoiling! With so many options, the first decision for buyers is confirming the finance product that is right for you and for your vessel.
Vessels purchased at this event will all be new models, which would be acceptable as loan security by lenders. This allows buyers to select secured finance which attracts the best interest rates. All types of marine vessels and watercraft can be financed with our credit products.
Buyers purchasing recreational vessels for personal use and requiring a personal loan should consider our Secured Boat Loan. Applicants must be over 18 years of age, have verifiable ID, income, employment, Australian residency and provide financials such as tax returns and bank statements.
If purchasing through a business entity, buyers can select the commercial credit facility that best suits their company set-up. The choices include Leasing, Chattel Mortgage, and Commercial Hire Purchase. All commercial credit facilities provide for tax deductions and opportunities for a lump sum end of finance term payout.
Commercial credit products can suit vessels to be used as charter boats, for fishing and dive operations, tourism operations, and other business ventures. Eligibility requirements include an ABN and presentation of a range of financial documentation.
Benefits of Pre-Approved Finance for Sanctuary Cove Boat Show
A new addition to this year’s Sanctuary Cove International Boat Show will be the Luxury Sea Trial Precinct. This provides buyers with an opportunity to test-drive selected vessels in the waters around the Gold Coast. How fantastic would it be to be in a position to say ‘yes, sold’ straight after the test-drive? That could be just one of the benefits from having finance pre-arranged and confirmed.
With finance locked-in prior to purchase, buyers may secure limited edition models, watercraft in low stock and quick-to-sell-out models and be first to captain new releases. Pre-arranged finance may also allow buyers to capitalise on show specials and avoid spontaneous on-the-spot financing decisions which may be more expensive than we can secure for you.
But what if interest rates go down before then? Good question as the RBA cut rates at their February meeting. There may be a possibility of further cuts prior to the show in late May, but Governor Michele Bullock said that the Board will be considering the data. With pre-arranged finance, the final details are done after the purchase. Offering the opportunity to capture the best rates at that time.
How to Secure Pre-Arranged Finance
Securing pre-approved financing is a simple, straightforward process. Applicants will need an idea of how much they need for their loan. To obtain a rough figure, source pricing from exhibitors prior to use as a guide to finance requirements.
Our brokers will advise the information, documentation and details required for your specific type of finance. With this information, we source the best quote and can proceed to obtain conditional approval. Offers made prior to purchase are valid for a set timeframe which we will advise at the time. If the buyer does not proceed with the purchase, any offer simply expires.
When the purchase is made, we amend the loan details to reflect the actual loan based on the price negotiated, and the current interest rates.
Prior to applying, buyers can compare repayment estimates on different makes and models to assist with buying decisions, using our Finance Calculator.
Sanctuary Cove Boat Show Details
The event will be held 22-25 May at Sanctuary Cove on the Gold Coast. More than 330 exhibitors will be present and more than 760 showcased. The site is easily accessible from the Gold Coast, which provides interstate visitors with many accommodation options.
Tickets are now on sale and offer a range of options including general admission, sensational hospitality packages and VIP experiences. Some of these opportunities do sell out quickly, so book quickly. Stay across news as announcements are released on the event website for details of exhibitor details.
To discuss pre-arranging marine finance ahead of the Sanctuary Cove Boat Show, contact 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 MISREPRESENTED DATA AND DETAILS HEREIN.
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