Commercial Boat Finance & Leasing | Jade Boat Loans

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.

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.

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.