Charter Boat Finance
Boat loans that mix business with pleasure.
When you’re purchasing a boat for charter use, arranging boat finance is similar to the procedure for any other pleasure boat finance. Finlease makes boat loans easy, by handling every aspect of the application through to settlement process.
What’s more by leveraging our massive buying power with $350 million in loans written annually, Finlease can source boat finance at competitive rates from over 20 lenders. In 99% of cases, your boat stands alone as its own security, and we will not require real estate as collateral.
How charter boat finance is different.
If you’re considering a boat loan for a charter yacht which you may also have access to for occasional private use, Finlease can assist in your understanding of approriate structures. Laws have changed recently so it’s worth knowing the current situation including the negative gearing issue. Fortunately, Finlease has been tracking the changes to legislation over the years and is up-to-date. The Founder of Finlease Mark O’Donoghue was one of the driving forces behind the Charter Boat Industry Survival Campaign in 2002 and is an acknowledged industry expert.
Making pleasure a business.
We will give you a clear overview of what it takes to have an acceptable to the ATO charter boat business.
We are well versed in the Charter Boat Industry, and although we cannot provide formal advice, we can assist in the much needed understanding of this area. To learn more see The Charter Boat Overview
Obtaining a Boat Finance Approval
Here’s what lenders are looking for when approving a loan:
- Your capacity to meet the repayments based on your income.
- For 100% finance you need to prove that you have 'tangible' net worth, i.e. equity in property or investments. Our financiers do not want a mortgage, but will simply want to feel comfortable that you have the ability to make good any shortfall between the second hand value of the boat and the amount owed.
- A good credit history.
- Stable employment and income.
Complete a charter boat loan application now, without obligation, click here. Or phone 1800 358 658 to talk with one of our boat finance specialists.
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