Instead, we base our boat loans on whether you can comfortably afford the monthly repayments. The age and condition of the boat does not affect your chances of being approved for a loan. Yes, Norton Finance can help you raise the finances needed to buy an older boat. Can I use a boat loan to buy an older boat? Read the frequently asked questions below to learn more about Norton Finance boat loans. An upfront lump sum may be required, with the remainder of the value paid over time, alongside interest.Ĭommonly asked questions about boat loans Alternatively, make the purchase using finance agreed between yourself and the seller. Arrange a deal with the registered boat seller.The borrower pays off the amount over an agreed timeframe alongside interest on the loan. You can buy a new or second-hand boat using either finance option: There are two ways you can get finance for a boat, similar to getting a car loan. Your answer will determine how much you can realistically borrow without putting a strain on your finances and give you an idea of your boat budget. Before applying for a loan, it‘s important to know exactly how much you can afford in monthly repayments. This calculation does not take into account any fees, charges or government taxes which may apply to either the calculation of the loan amount or the monthly repayments, such as GST or Luxury Car Tax (where applicable).Boat loans are personal loans used to buy a boat. Any loan request is subject to assessment against normal lending criteria. All Interest rates are displayed ‘are guides ONLY’, repayments as a result of this simulation have no legal offering.Credit One accepts no responsibility for any losses arising from any use of or reliance upon any calculations or conclusions reached using the calculator.Information provided on this calculator does not constitute an offer of finance. The figures and formulae used within this calculator may change at any time without notice.Should you apply for any Credit One product, we will make our own calculations and we will not necessarily take your calculations into account. This simulation and the resulting calculations do not constitute a loan application or offer. It is not an offer and has no legal effect on any contracts entered into by you ‘ the client’. To talk with one of our friendly specialists. This calculation does not take into account any fees, charges or government taxes which may apply to either the calculation of the loan amount or the monthly repayments, such as GST or Luxury Car Tax (where applicable). The information which you calculate from this Calculator is intended for use by you as a guide only.
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