As Australia’s leading marine lending specialist, Jade Boat Loans offers Boat Leasing as an effective finance facility for businesses wanting an off-balance sheet finance option. Boat Lease is a commercial finance facility where the business borrowing the funds has complete use of the boat during the loan term while the lender actually holds ownership. The lender is effectively leasing back the boat to you, the borrower.
When you finalise the monthly payments and the residual, the ownership is transferred to you. With the lender holding ownership, the boat does not appear on your balance sheet as an asset/liability. The monthly payments appear as an operating expense.
Boat Lease is available for the purchase of many types of vessels, both new and second-hand, purchased from a dealer, private seller or at auction. To decide if Boat Lease is the best option for your acquisition, we recommend you consult with your accountant.
Key Features of Boat Lease
- Boat Leases are based on Jade’s low interest rates
- The interest rate is fixed for the term of the lease
- The full purchase price of the boat is covered by the lease. No deposit is requested by the lender
- Fixed lease term. Your Jade consultant will discuss the optimum length for your business
- Terms from 12 months to 60 months
- Fixed monthly lease payments. Your Jade consultant will structure your lease to suit your business cash flow
- Lease payments are tax deductible in line with ATO guidelines
- Residual may be included. Amount is determined according to ATO guidelines
- GST is applicable to the monthly lease payments and claimed by the borrower at the time of payment
- Lease payments appear on borrower’s balance sheet as operating expense
As an independent boat finance broker, Jade is working for you and only in your interests and your personal consultant is committed to sourcing you the best boat lease for your acquisition.
As an Australian company operating on a nationwide basis, we are fully across local business conditions and keen to assist Australian businesses to start-up, expand and thrive by providing great boat lease deals at low interest rates.
Prior to committing to a purchase, you are welcome and encouraged, to contact Jade and discuss pre-arranged finance so you know what your monthly commitment will be. For a ballpark figure, use our online boat loans calculator.
Speak with a Jade Boat Loans Consultant to discuss a financing solution for your boat purchase. Call 1300 000 003