BOAT FINANCE - Introduction

CM Financial offer a complete range of Boat Finance and Marine loans for individuals, from a wide range of lenders.

Our specialist Boat Finance and Marine Loan consultants will examine all your finance options and tailor the right solution for you.

A Consumer Marine Loan or Boat Finance is a personal finance product where the financier lends the customer funds for the purchase of a marine vessell, and secures the loan against it.

A Marine Loan is can be known as a Consumer Loan or a Secured Loan.

How does a Car Loan work?

With a secured or consumer Marine Loan or Boat Finance ,the funder or financier advances funds to the customer to purchase the goods. This is paid direcltry to the Vendor of the goods on settlement of the loan or finance

The customer takes ownership of the boat or lesiure craft at the time of purchase, and the financier takes an interest in the vehicle as security for the loan, usually called and encumberance.

At the end of the loan, the financier or funder removes the encumberance on the goods, giving the customer clear title.

What are the beneifits of a Marine Loan?

• Flexible contract terms ranging from 24 to 84 months (two to seven years)
• Fixed monthly paymnet
• Cash or Trade in vehicle can be used to lower the repayments
• A tax deduction is available when the vehicle is used for business purposes See ATO
• Secured Loan so Lower interest rate that an Unsecured Personal Loan

Who does a Marine Loan suit?

A Marine Loan or Boat Finance is suitable for any individuals wishing to purchase a lesiurecraft who do not have significant business use of the goods..

CM Financial are always on hand to answer your questions. If you would like to know more about a Boat Finance and Marine Loans, please complete our online enquiry form, request a call back and a consultant will call you back at a convenient time.

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