We are experienced in finding our clients the best deals on all types of marine and boat finance.
We have an extensive range of solutions for the purchase of your new or used boat and highly recommend you organise your finance before you enter the boat yard. This will help you negotiate the best price – the salesman will know you are serious and may give you greater discounts on your boat.
We can source solutions no matter what type of boat you are purchasing, whether for personal recreational use or for commercial purposes.
Secured Boat Loan
With a secured boat loan you can borrow against the boat and generally get a lower interest rate, for a term between 12 and 84 months. The boat is used as security and the lender will lend an amount equal to or less than the value of the boat. In most cases with leisure or marine finance you will be required to have a deposit – deposits vary from 10–30% for any type of boat loan.
Boat Lease
Under a lease agreement you use the boat while the lender retains ownership. During the term you can trade the boat in for a later model or purchase the boat at the end of the term. This is the most common form of agreement for those purchasing a boat for personal use, with lease terms from 12 to 84 months. Loan terms can depend on the age of the boat and other factors.
Private Sale Boat Loan
One of the most common ways to purchase a boat is by private sale – buying from a person who is not a dealer. Some lenders make this process difficult, however due to our experience we can make it easy for you. We can organise boat finance for all types of boats purchased privately, with our aim to provide you with the best rate and the best service.
Responsible lending criteria applies – “DBS Finance & Insurance” recognises the importance of responsible lending, as prescribed in the National Consumer Credit Protection Act 2009.