Don’t ever give up on your dreams.
At Project 1 Finance Pty Ltd we’re all about helping your dreams come to life. We will guide you through what exactly a leisure finance loan is and our expert consultants are here to help you find the best deal for you.
What is boat finance?
What do Roman Abramovich, Rupert Murdoch and Phillip Green all have in common? They’re all multi-billionaires, that’s right, but they also own a boat. Now you have the chance to live a similarly high lifestyle with a finance deal.
There are a range of loans for personal use and businesses and you might like to memorise the following for when you’re shopping for a boat finance deal.
An unsecured loan works in a similar way to a personal loan – the lender does not tie the pleasure craft to any security or assets. The ownership is completely in your name.
Secured loans mean your pleasure craft or another asset of yours is taken as security. The lender will retain the ownership of the boat until it is fully paid off.
Other product inclusions are possible tax deductions for depreciation and running costs, as well out of pocket expenses such as insurance and warranties.
You will have the chance to purchase the boat privately or through a dealer and our lenders offer fixed or variable interest rates with finance terms anywhere between two and seven years. Depending on the loan selected, some lenders do require deposits.
If you are looking to lower your monthly repayment costs, you could opt for a balloon repayment. This will allow you to decide how much you want to pay throughout term of the loan. Bear in mind that you will still have to make a final payout at the end before the pleasure craft is free of any encumbrance.
Allow yourself to sail the seven seas by giving Project 1 Finance Pty Ltd a call. We can give you access to all the best deals from the most reputable lenders – at better rates than you’ll get by contacting the lenders directly or even going to your bank to ask for help! For further information about boat finance and to get a quote, please get in contact with us today.
Why choose Project 1 Finance?
Fix loan terms
We only deal with trusted Australian lenders, who are viable and willing to assist in negotiating a flexible loan, tailored to your needs.
Project 1 Finance Pty Ltd is a brokerage that works with its clients to ensure they know the real deal and what is being offered is the right fit for them.
We work effortlessly to find you the best loan solutions at the most competitive rates