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 Lombard Marine as our preferred finance company. This is due to favourable rates and an easy application system.
Typical terms:
- • The term over which you borrow funding must be between 12 - 168 months (1 - 14 years), depending on the amount borrowed
- • The minimum amount you can borrow is £25,000
- • The maximum amount you can borrow is 70% of the value of the vessel
- • All vessels must be no older than 30 years old at the start of your agreement
- • All vessels must be no older than 40 years old by the end of the term
Below is a comparison of all the finance companies that we regularly work with:
| Company | They say | We say | Link |
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With over 150 years of experience in providing asset backed funding in the UK, Lombard are best placed to help you with your boat finance. Their small, dedicated team of Marine Finance experts ensures you receive the very best personal service, where speed and efficiency are bettered only by their care and focus on you as the customer. | This is our No 1 preferred lender with nearly unbeatable rates, service and flexibility. If you have a good credit rating and simple provable income- then Lombard Marine are for you. | More Details |
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One Europe’s largest Marine Financiers , uniquely offering both Fixed & Variable Rate Finance options on New & Used Boats. Terms are available from 3 to 15 years depending on the age of the boat you consider. | Our No 2 preferred lender after Lombard. Good rates, service and flexibility. | More Details |
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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 3 preferred lender. | More Details |
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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 |
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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 |
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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 |
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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 |
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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 |