New boats are expensive, that’s no secret. Which is why purchasing a new boat is a major financial decision. Even smaller vessels like PWCs, jet skis, and tinnies with outboards carry hefty price tags. But that’s why new boat financing exists – to provide you with a far more practical alternative to dipping into your personal savings, or affecting your business cash flow. 

When financing a new boat, borrowers can often achieve a very cost-effective deal because lenders are usually receptive to the vessel being used as collateral. By securing the loan with collateral, more favourable loan terms are often achieved. While there are some exceptions, this is generally the case and can result in some highly competitive rates. 

There are many credit facility options available on the consumer and commercial new boat finance markets. Among lenders, variations in rates, terms and loan limits are common and can make finding the best deal difficult. At Easy Boat Loans, our panel of 80+ banks and lenders allows us to easily scan the market to find the best possible match for each of our client’s needs.