At MI finance we offer a range of boat loans and finance options to meet your financial requirements. A boat loan means that the financier will advance the amount of your purchase to seller whilst taking security of the boat. Upon full payment the title of the boat is transferred to the customer. Depending on the use of the boat there may be other loan options available to you.
Essentially, obtaining a boat loan is no different from a car loan and the same options are available, from low-interest (well-secured) loans, short-term loans, long-term loans as well as financing options such as leasing, hire purchase and refinance. We can help you get pre-approved so you can go shopping for a boat in the knowledge you’ve got the money at your disposal. It can give you the confidence to drive a harder bargain on the showroom floor and if you see something you like it can mean you have the opportunity to trump another buyer.