Frequently Asked Questions
1. How long does the finance process take?
So we can have you on the water enjoying your new boat/yacht/jet ski sooner we can take all the information we need from you over the phone or by email. There is absolutely no need to meet face to face unless of course you prefer to do it that way. Once all your information we require is at hand we can have you approved within four hours and the goods paid for on the same day. We like to make the finance process quick & easy.
2. I’m Self Employed with no financials, can I get finance?
Unlike car finance; marine finance is slightly more difficult to get approved. Most lenders will require you demonstrate that you can afford the new loan facility. This does not necessarily mean by way of your latest tax return. If you are unsure of what information will be required, give one of our trained Finance Consultants a call today to discuss your personal situation and we can advise you of the chances of getting approved without any hassle.
3. Can I buy from a private seller?
Absolutely. We’ll carry out all the checks on your behalf to verify ownership & title. We’ll liaise with the vendor to make sure funds are transferred to their nominated account so you can take delivery of the goods being purchased.
4. I’ve got a finance quote elsewhere, should I still get a quote from you?
As Australia’s largest online broker, we have access to lenders, products & rates which are not available to other brokers & most dealers. It only takes a quick phone call and we’ll be able to work out whether it is worthwhile for you to apply with us. We’ll only take your details if we’re sure that you will save by doing so.
5. Do I need a boat License?
As long as you’re 18 years old & you meet the lenders other guidelines you will be able to be considered for finance without a Boat License. This is helpful when you are still yet to sit for your Marine License.
6. I’ve been declined elsewhere, should I apply again?
We won’t ever put an unnecessary credit check on your file unless we are confident that an approval will be given. With many lenders and even more products to choose from, by dealing with us you have access to loans covering nearly every situation. Why not speak with us today and find out.
7. I’ve been bankrupt or in a Part 9 or 10, will I be able to get approved for finance?
We may need to ask for more information from you but being bankrupt does not preclude you from being considered for finance. We have access to a wide range of lenders and specialised products for people who have had previous financial blemishes.