Stuart Austin, director of Promarine Finance, hosted a talk at Southampton International Boat Show 2021, which offered the event’s visitors an introduction to boat finance.
Stuart discussed how the marine finance sector has changed since the 2008 crash and gave a summary of the marine finance process as a whole, including flexibility, early settlement, and the overall involvement of the lender.
According to Stuart, who started out as a commercial broker 30 years ago, a lot has changed in the marine finance industry since Promarine Finance was launched. He said: “The current climate has seen several lenders exit the market in recent years, liveaboard vessels rising in popularity, and for the first time ever, boats are appreciating in value. We think it’s important that future boat buyers know that they have options.
He added: “Marine finance is a simple way to obtain something valuable and spread the cost across monthly payments that suit you, so that it becomes affordable. At Promarine Finance, we help like-minded people get the right boat, without the cost being the most defining factor.”
The talk was streamed live on Facebook for viewers who were unable to attend.
Southampton International Boat Show returned this year after a two-year hiatus during the COVID-19 pandemic and holds a special place for Stuart and his team of five passionate boaters. Promarine Finance, which celebrated its eleventh anniversary during this year’s event, was launched at the show in 2010.
Stuart said: “It’s great to be back at face-to-face events this year, particularly one that is such a significant part of the history of Promarine Finance. We’ve been able to help a number of customers to get afloat over the first three days and we look forward to the remainder of the show.”
Watch the talk below
Promarine Finance is exhibiting at Southampton International Boat Show on stand EO14. You can watch the talk in full here.