3 tips to help you get boat finance approval
Posted 26th November, 2014 in Finance Tips
If you’ve ever dreamed of owning your own boat but don’t have the spare funds to take the plunge and buy outright — you’re not alone!
While the idea of spending time on your very own fishing boat, watercraft or jet ski might sound unattainable, boat finance is a realistic and achievable option to help Australians do what they do best, and that’s to get out on the water.
Make this Summer the time you finally become the envy of your mates, with our top 3 boat finance tips to help you get approved.
Research your boat loan options
Early research on boat finance typescan help put you in a better position when negotiating for your boat, as well as settling on the most suitable loan option for your financial circumstances.
The finance benefits can vary, depending on whether you take out a chattel mortgage or a secured personal boat loan. If you feel overwhelmed with options, you can always talk to an expert NuStart Finance boat loan consultant.
Budget using a finance calculator
Calculating your potential weekly repayments can help you determine a realistic and affordable budget for your lifestyle, and, more importantly, help prevent financial difficulty down the track.
Use an Online Finance Calculator to find out what you can realistically afford to borrow, and don’t forget to factor in any other financial commitments, such as phone bills, groceries, petrol and school fees.
Talk to an expert
Not only can a NuStart Finance consultant help clarify any details throughout the boat buying process, they can also take on the responsibility of finding the most suitable boat loan lender and negotiate finance on your behalf. That’s a lot of hours of research and planning saved.
For more information on how to finance the boat of your dreams, contact NuStart Finance on 1300 883 983 today!
This article contains information on car finance tips to help you get boat loan approval.The information provided is intended as a guide only. It should not be treated as financial advice and does not take into account your personal circumstances. If you have any specific questions about individual financial matters or government legislation, you should consult an appropriately qualified professional or government department.
NuStart Finance has endeavoured to ensure all information is accurate at time of publication, but does not guarantee the ongoing accuracy this information.