- MOST COMPETITIVE FIXED RATES FROM 5.49%COMPARISON RATE 6.36%*
- loan terms from 1 to 7 years
- private & dealer sales - ok
- new & used boats - ok
Boat Finance for Every Vessel
Whether freshwater or salt water are your thing, sailing or cruising, one thing boaties agree on is that there is nothing like a day on the water in fine weather. If your needs are a fishing boat to get you to the best fishing spots you can be sure one thing for certain and that is 360 Finance will have a loan product to suit your needs. Our rates and repayments won’t make owning your dream vessel a burden on your cash flow.
If finance is the only thing standing between you and a sea-faring adventure or that secluded fishing spot, talk to 360 Finance. We work with a range of finance providers, allowing you to get the very best finance offer to suit your financial position and your lifestyle needs. Through our lenders, we offer a range of finance options including leasing, hire purchase, secured and unsecured loans. We work tirelessly to get you the most competitive rate and repayment in the market. The only thing we can’t guarantee will be the weather!
Benefit from 360 Boat Finance
- Flexible boat finance terms from 2-7 years
- Fixed or variable interest rates available
- Optional deposit ( depending on the loan selected )
- Possibility to cover out-of-pocket expenses such as insurance and warranties
- Possible tax deductions for depreciation and running costs
- A balloon repayment can be used to lower repayments
- Private and Dealer sales
Call today on 1300 361 360 or make a quick enquiry now. With finance faster than a speed boat, we’ll get you on the water sooner.
360 Finance were able to beat other finance quotes and I would happily recommend to anyone else.
Boat Loan terms explained
Unsecured – often referred to as a “personal loan”, where the lender provides the loan without taking any security such as the boat itself or some other asset. It means the boat’s ownership is in your name completely. Incidentally, these loans can be used for other purposes, so if you want to buy a boat, car etc, an unsecured personal loan could be the answer. If you are after an unsecured loan, ask the team at 360 Finance.
Secured – a secured loan means the loan provider uses your new boat or another asset as security. They keep an ownership stake in the boat until you pay it off. If you can’t pay the loan the asset is at risk of being liquidated by the loan provider, but the upside is often a lower interest rate compared to an unsecured loan.
Term / Length of the loan – the term of the personal loan is the duration of time you have to pay it off. We sometimes call it the life of the loan. Common loan terms are 3 years, 5 years etc. 360 Finance works with a range of lenders who can offer you a term that suits you.
Balloon or residual payment – whilst not as much fun as a kids party balloon or the joy of a day on the water, the balloon payment does allow you a level of flexibility when it comes to how much you pay throughout the life of the loan. The balloon payment is that final payment after you have been paying off your regularly scheduled payments. It is usually larger than the monthly payments and the larger it is the smaller the monthly repayments will be. No matter what you decide, you’ll be celebrating when you pay it off, as that is the time when the boat ownership passes to you.
Start by calling 1300 361 360 or make a quick enquiry. When the time comes, allow freedom to take you on a journey with 360 Boat Finance.