Putting more pleasure into pleasure boat finance.
We’ve become experts in pleasure boat finance and many of us are boat enthusiasts ourselves. So we understand how the right pleasure boat finance solution can help make boat ownership more pleasurable.
Finlease has the buying power to source pleasure boat finance from a pool of lenders at competitive rates and optimum terms. We manage the whole process, from application to approval and to make it easy, We won’t ask you to fill out a form, that’s our role, you simply chat with us and we do the rest.
Your Finlease broker will guide you through the whole boat finance process. So you don’t simply have to accept the finance deal that your boat broker or bank has to offer.
To help determine the right pleasure boat finance solution, your Finlease finance broker will take into account a number of considerations:
Before you go out and start shopping for a boat, it’s worth obtaining a pre-approval for your pleasure boat finance. That way you can confidently negotiate knowing that the boat finance is ready to go. We suggest first putting in place a loan for a ‘hypothetical’ boat. You’ll pay no application fees and once your boat finance is approved, you’re under no obligation to proceed. You are set to go and with no obligation to proceed if you decide not to use the approval.
Here’s a helpful checklist on what lenders will be looking for when you’re applying for pleasure boat finance:
BOAT BUYER’S CHECKLIST
1. Your capacity to meet the repayments based on your income.
2. 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.
3. A good credit history.
4. Stable employment and income
If you deliver a good service, word gets around in the boating community. One place that provides an open forum for such feedback is ‘Product Review’. Here you’ll find some candid comments from actual clients who aren’t shy about telling us about their experiences with Finlease. Here are just a few:
Our boat finance experts are ready to help!