Refinancing an existing boat
If you already own a boat whether it is one you have owned for some time or one that you purchased quickly in order to secure the boat we can release cash against the vessel subject to our usual terms.
Some boat owners purchased their boat using marine finance with a balloon payment due at the end of the finance period. We are able to refinance the balloon payment on our standard terms which can help you spread the cost rather than possibly looking to sell or change your boat when the payment is due.
Your boat may require an expensive overhaul, new engine, epoxy or some other treatment or you might just need to spread the capital cost to assist with your own circumstances.
Our standard terms and procedures will apply for refinance deals too so give us a call or inquire via our website if this is something you need.