The boat show season 2022 is almost underway with the iconic Sanctuary Cove event just weeks away. That signals the time for boating enthusiasts to be totally WOWED and buyers seriously tempted. On display at Sanctuary Cove and other major boat shows will be some of the most luxurious boats on the market. Vessels that inspire dreams of the ultimate in boat ownership. Dreams can be reality. Luxury boating may be within your achievability zone with affordable marine finance.
Whether your preference is for power or sail, affordable marine finance at the cheapest interest rate possible which is personally sourced, negotiated and structured to meet your requirements is available. We take a look at some of the luxury vessels on the market and outline the ways that buyers of luxury boats may secure affordable marine finance.
Luxury from Jeanneau
Part of the Beneteau Group, a well-known French yacht builder, Jeanneau crafts both sailing and motor yachts to the highest quality and superb finish. New yacht releases for the brand include the Jeanneau 65. Custom-built to suit the owner, this brand flagship features easy access to the equipment to ensure ease of handling and many luxury and practical inclusions to make life at sea and while anchored an absolute joy.
Luxury from Riviera
The Australian motor yacht brand Riviera is without doubt synonymous with marine luxury. The company has a massive operation in Queensland and will no doubt have a major presence at the Sanctuary Cove Boat Show from 19-22 May. The company continues to wow buyers with new model releases continually. The latest new model is the Riviera 78.
The company is offering the opportunity to book an inspection at upcoming boat shows via a contact form on the home page of their website. Before the inspection, speak with us about pre-approved marine finance so you are ready to talk about placing an order!
Luxury from Prestige
Prestige Yacht is another brand in the Beneteau Group and their latest release is the M-Line of luxury catamarans. The company states this new model represents a ‘new vision’ for powercats. A 48’6”/14.79 metre luxury multihull motor yacht with interiors and exterior that is magnificent.
If you’ve never considered a multihull, perhaps this is the time. With lending interest rates still low, but not for long, acquiring a luxury multihull motor yacht may be achievable.
Securing Affordable Marine Finance
The level of luxury offered by brands such as Riviera, Jeanneau, Prestige and others such as Horizon and Maritimo is superb but admittedly, it does come at a price. Acquiring a boat of this quality is a major move and for most buyers will require finance. But with the right finance, a boat loan at the cheapest interest rate, the acquisition may become far more realistic and reachable than you realise.
Jade Boat Loans provides marine finance to all types and price-ranged boats. From those buying a simple tinnie for weekend fishing outings right up to purchasers of these luxury motor yachts for cruising the world’s oceans.
We cater for all types of buyers across the boat range with several finance and loan options.
For those buying privately, purchasing the luxury vessel for personal recreational use, the Secured Boat Loan is probably the most suitable. This is a versatile loan format that we structure through negotiations with our lenders to best suit the requirements of our clients.
For buyers of luxury motor yachts that are acquiring the vessel as a business asset and through a company entity, we offer a range of business finance including Marine Leasing and Marine Chattel Mortgage.
For all loans, our consultants source the cheapest interest rate finance from across our vast lender network. Then we negotiate on behalf of our client to achieve not only the lowest rate but the most suitable finance structure including loan terms.
Achieving the cheapest boat financing rate is key to the cheapest finance. It determines the overall cost of the finance and in conjunction with the finance term, it determines the monthly finance payments. While our consultants work hard in the client’s best interests, there are matters that buyers can attend to themselves. They include ensuring their credit profile is in good rating. Whether applying for finance as an individual or through a business set-up, the credit rating will be assessed and have an impact on the loan offer.
Another way to approach achieving affordable marine finance is to focus on the repayment commitment. Affordability is a relative and very individual concept. The finance repayments need to be within the buyer’s affordability zone to make the possibility of owning a luxury yacht a reality.
To achieve that objective, buyers can think about the total loan amount requested – whether to opt for no deposit marine finance or pay a deposit to reduce the loan total and hence bring the repayments into that affordability zone.
Specialist Marine Finance Services
Jade Boat Loans assists buyers of luxury vessels by personally negotiating and structuring each finance deal to best suit the requirements. As specialists in marine finance, we are fully across the nuances of this market. That includes issues around the time delay between ordering and taking delivery of luxury vessels.
Many luxury vessels are custom-built either wholly or in the finishing touches. This may mean the buyer requires finance to be scheduled to meet progress payments as requested by the boat builder or to meet order and delivery timetables.
Whatever your marine finance requirements, our consultants will work with you and our lenders towards arriving at an affordable option to acquire that luxury vessel.
Contact Jade Boat Loans on 1300 000 003 to discuss affordable marine finance for luxury vessels.
DISCLAIMER: THE INFORMATION AND SPECIFIC DETAILS CONTAINED IN THE CONTENT OF THIS ARTICLE HAVE BEEN PREPARED AND ARE PRESENTED PURELY AS GENERAL INFORMATION AND NOT INTENDED AS THE ONLY SOURCE OF FINANCIAL ADVICE FOR BOAT BUYERS AND LOAN BORROWERS. FOR THOSE THAT CONSIDER THEY REQUIRE SPECIFIC ADVICE, THEY SHOULD CONSULT WITH A FINANCIAL ADVISOR. LIABILITY IS NOT ACCEPTED IN REGARD TO ERRORS AND MIS-PRESENTED DATA AND DETAILS HEREIN.
