HomeCommercial Boat Finance & Leasing | Jade Boat Loans

Commercial Boat Finance & Leasing | Jade Boat Loans

Our finance products include chattel mortgage, boat lease and commercial hire purchase
  • Low interest rates on commercial boat financing
  • Credit score not impacted
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Why Use Jade Boat Loans?

Cheap boat loan interest rates

We try harder for our customers. As professional brokers, we’re working for you and we use our negotiating skills and strong bargaining power with our vast selection of lenders to get you the best rates.

Your Jade Boat Loans consultant is only focused on your interests and has the skills and industry experience to know who will offer the best rates on your particular loan specs.

Using Jade is the right decision

Engaging a specialist marine finance broker to arrange your boat loan is an astute financial decision. We are a leading Australia specialist in marine financing and our depth of experience is your competitive advantage in securing a better watercraft loan

Jade Boat Loans is the broker that specialises in leisure and watercraft finance and can source you the best loan.

A company that delivers

We try harder for our customers. As professional brokers, we’re working for you and we use our negotiating skills and strong bargaining power with our vast selection of lenders to get you the best rates.

Your Jade Boat Loans consultant is only focused on your interests and has the skills and industry experience to know who will offer the best rates on your particular loan specs.
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Finance products tailored to your business’ needs

Deciding which finance product is best suited to both the boat you are purchasing and your business structure, we advise you consult with your accountant. Depending on the accounting method your business implements, your financial objections, balance sheet strategy, treatment of GST and tax deductions and asset depreciation requirements all need to be taken into consideration.

Commercial marine finance product offer different benefits to business but all feature:

  • Jade’s signature low interest rates
  • Fixed monthly repayments
  • Fixed interest rate for the term of the loan
  • Fixed loan term
Customised Financing Solutions for Your Commercial Boat Needs

The difference between finance products

Please refer to the specific webpages in regard to each of these financial products or call Jade Boat Loans to start the finance process.

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Chattel mortgage

Chattel Mortgage is a widely preferred option for commercial marine finance due to its compatibility with businesses using cash accounting. It features a fixed interest rate and consistent monthly repayments, with tax deductibility limited to the loan's interest.

Additionally, GST from the boat purchase can be reclaimed on the subsequent BAS, excluding interest charges but encompassing fees. Depreciation on the vessel can be deducted at the fiscal year-end, and the possibility of a negotiated balloon payment adds further flexibility.

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Commercial Hire Purchase

Commercial hire purchase offers a financing solution suitable for businesses using cash or accruals accounting, featuring Jade's fixed low interest rate throughout the loan term and consistent monthly repayments. The loan terms range from 12 months/1 year to 60 months/5 years, with tax deductibility limited to the loan's interest, not the monthly repayments.

GST on the boat purchase can be reclaimed on the following BAS, excluding interest but covering fees, while GST isn't levied on the repayments or balloon since it's claimed during the purchase. Moreover, a negotiable balloon payment can be added to align with your preferences.

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Boat lease

Boat leasing entails a fixed interest rate for the lease duration, along with a set lease term and consistent monthly repayments. GST is borne by the borrower on both the repayments and the residual amount, which is determined based on ATO guidelines and the vessel's age.

These repayments are recorded on the balance sheet as operational expenses, without reflecting the boat's full value as an asset or liability on the company's balance sheet.

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THE COMPARISON RATE IS CALCULATED ON A SECURED LOAN OF $30,000 FIXED FOR A TERM OF 5 YEARS, NEW GOODS, EFFECTIVE 07/11/2024 AND SUBJECT TO CHANGE. WARNING: THE COMPARISON RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT COMPARISON RATE.

We work harder to secure the best rates.

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