The start of summer has been somewhat less than acceptable for lovers of water-based activities including boating, fishing, water skiing and tow sports. Omicron has its impacts while La Nina and Seth have created less than ideal conditions on the east coast and a heat wave enveloped WA. But there are plenty of boating months ahead so it’s not too late to buy a water craft and get out on the water. Boat loans are definitely not seasonal nor affected by the weather.
Boat loans are available for a wide range of boats including smaller water craft to enjoy fun summer water activities. We cover off on the types of watercraft that Jade Boat Loans provides loans for and how you can go about quickly accessing a cheap boat loan to make your purchase.
Inflatables
Inflatables or RIBs are a great option for many activities. Not solely used as a tender for a larger boat, inflatables offer their own potential for fun and excitement. Inflatables and RIBs (rigid inflatable boats) are available in a range of lengths and types and often with a fibreglass hull.
Buyers can select from centre console or other configurations and models specifically set-up for fishing and other recreational activities. These make great day boats as some do offer toilet facilities.
RIB Force Inflatables has a range available from a number of brands to suit many buyers.
Inflatables can be purchased with and without the motor and with or without the trailer, depending on which dealer the boat is purchased through. Jade offers loans for boat only, boat and motor, boat and trailer and the complete boat/motor/trailer package.
Jet Skis and PWCs
PWCs (personal watercraft) are the excitement machines of the water and offer fun as well as providing functionality and practicality. Models are available through the leading brands – Yamaha, Kawasaki and Sea-Doo.
One, two and three person models are available as well as models specifically adapted and/or designed for fishing. For fishers, these craft are extremely practical for calm water, lake and riverine fishing.
Buyers will need a trailer to transport the craft so talk to our consultants about how to package the price of both into the one loan to streamline the loan process and the repayments. PWCs also need to be registered and a licence is required to operate these craft. Check your state maritime authority for details on applying for the appropriate licence category.
Safety gear, especially life jackets, is essential. Purchase what is required from the same dealer and we can work towards also including those expenses in the overall Jet Ski Loan.
Ski Boats and Wake Boats
Moving up to a different class is the tow sports boat category. Ski boats and wake boats are extremely popular especially for those within easy access of lakes and rivers. Victoria has great locations for wake boats.
Malibu Boats is one of the leading brands for wake boats and for ski boats, look out for models from Lewis and Matrix. While we’re talking primarily fun and water sports, ski boats and wakeboard boats also make great family day runabouts.
If planning to take friends and family out for the day, selecting a model with some cover available. The ability to install a toilet is highly advisable to make the day out a lot more comfortable. A bimini style top or cover is also an advisable option to consider. Providing protection from the sun is strongly advised for health and comfort reasons.
Loan Types
Jade Boat Loans offers the Secured Boat Loan to finance the purchase of all these types of ‘fun’ water sport craft. The loan has a fixed interest rate, fixed loan term and fixed repayments. So buyers can have confidence that their loan won’t change when interest rates change.
Loan Combinations
Buyers of RIBs and some ski boats have the option of buying the boat only or the boat and motor combined. Buyers of RIBs, PWCs and ski boats will also require a trailer and this may or may not be included in a package deal from the seller.
It can be cost-effective to purchase as a complete deal but the choice of motor or trailer included in the package may not meet be your preference.
To cover all types of purchases, all these combos are covered in our Secured Boat Loan:-
- Boat Only Loan
- Boat and Motor Loan
- Boat and Trailer Loan
- Boat, Motor and Trailer Loan
Use our Boat Loan Calculator to work up repayment estimates on the different options when making your purchase decisions. Remember that insurance is required for boats bought with finance. A separate policy for boat, motor and trailer may be required. Speak with our consultants about how we can assist with information on boat insurance while arranging your loan.
January has only just started so there is plenty more great summer weather ahead. Get in now with your boat purchase and start making the most of the great Australian boating scene.
Contact Jade Boat Loans on 1300 000 003 for boat loan quotes
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 MISPRESENTED DATA AND DETAILS HEREIN.
