Marine Finance
More and more boats are sold on finance as people take the opportunity to buy a larger/newer boat without using up capital.
We recommend CGI Finance via the UK office as our preferred finance company. This is due to competitive rates & the comprehensive portfolio of products available.
Typical terms:
- •Terms available between 48 & 180 months (4 - 15 years), depending on the age of boat and amount borrowed.
- •The minimum loan amount is £30,001.
- •The maximum amount you can borrow is 70% of the value of the vessel.
- •All vessels must be no older than 35 years old by the end of the loan term.
Below is a comparison of all the finance companies that we regularly work with:
| Company | They say | We say | Link |
|
One of Europe’s largest Marine Financiers , uniquely offering both Fixed & Variable Rate Finance options on New & Used Boats. Terms are available from 4 to 15 years depending on the age of the boat you consider. | They are our first choice for a reason! | More Details |
|
Close Brothers Aviation and Marine is an experienced provider of flexible finance for a wide range of leisure and commercial vessels. | Close are fantastic are dealing with more complicated personal income situations and take time to understand a customer completely. The rates are sometimes higher but they get the job done- Our No 2 preferred lender. | More Details |
|
Inland & Offshore boat finance specialists. No deposits required, secured and unsecured options. Easy online application with a quick decision and flexible terms. | Fast and flexible with higher rates than the big boys. | More Details |
|
Ideal for a sale advance or short term loan, FundingSecure offer loans secured against assets. | This is ideal for 6 month bridging loans on boats with a higher APR. | More Details |
|
Promarine Finance provide a 30 minute turn around with loans from £5k to £150k. We provide a straightforward flexible and friendly approach to help you to buy the boat you really want. | A great company for Sub £150k advances. Rates are higher than Lombard but a quick and efficient service. | More Details |
|
We are the finance division of Weatherbys bank and offer individual service with a sensible and flexible approach to marine financing. | A more personal individual approach than the big boys, slightly higher APR's but great service. | More Details |
|
Moorgate Finance is a brokerage specialising in a number of premium sectors. As a brokerage, we will find the best finance package for your business without you having to do all the running around. | New to the marine sector, so keen to get new business. | More Details |
Boatco UK Ltd T/as Boats.co.uk is a broker not a lender and is authorised by the Financial Conduct Authority with FRN 719120. Boatco UK Ltd T/as Boats.co.uk will not charge you any fee for this service as we will receive payment by way of fees direct from CGI FINANCE. The amount of the fees we receive from CGI FINANCE does not vary depending on the features of the loan and this payment does not affect the amount payable under the terms of the loan agreement.
They say
One of Europe’s largest Marine Financiers, uniquely offering both Fixed & Variable Rate Finance options on New & Used Boats. Terms are available from 4 to 15 years depending on the age of the boat you consider.
We say
They are our first choice for a reason!
They say
Close Brothers Aviation and Marine is an experienced provider of flexible finance for a wide range of leisure and commercial vessels.
We say
Close are fantastic are dealing with more complicated personal income situations and take time to understand a customer completely. The rates are sometimes higher but they get the job done- Our No 2 preferred lender.
They say
Inland & Offshore boat finance specialists. No deposits required, secured and unsecured options. Easy online application with a quick decision and flexible terms.
We say
Fast and flexible with higher rates than the big boys.
They say
Ideal for a sale advance or short term loan, FundingSecure offer loans secured against assets.
We say
This is ideal for 6 month bridging loans on boats with a higher APR.
They say
Promarine Finance provide a 30 minute turn around with loans from £5k to £150k. We provide a straightforward flexible and friendly approach to help you to buy the boat you really want.
We say
A great company for Sub £150k advances. Rates are higher than Lombard but a quick and efficient service.
They say
We are the finance division of Weatherbys bank and offer individual service with a sensible and flexible approach to marine financing.
We say
A more personal individual approach than the big boys, slightly higher APR's but great service.
They say
Moorgate Finance is a brokerage specialising in a number of premium sectors. As a brokerage, we will find the best finance package for your business without you having to do all the running around.
We say
New to the marine sector, so keen to get new business.