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The vast majority of boat finance in Australia is through secured lending. We are able to accomodate other types of financing. One of our experienced brokers will be more than happy to discuss this with you on the phone.
A secured loan (personal) is what most people think of when they think about borrowing for a boat. It is, quite simply, a loan between a lender and the buyer with a regular repayment structures.
A Chattel Mortgage is suitable for business financing . It is a requirement that a business (ie an entity with an ABN)who takes out a loan and the vessel must be used for a minimum of 50% business use. Repayment options can.
A commercial car hire purchase is where a finance company buys the boat for a customer and then in turn grants the client use and custody of the motor vehicle on an contractually stated payment plan.
Boat leasing may be a preferred option when purchasing a boat. Leasing provides various advantages, including the ability to maintain a low repayment.
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