Boat Finance

Boat finance requires specialized knowledge of marine lending, vessel valuations, and the unique considerations of watercraft ownership. Tofu Auto has extensive experience in marine finance across all vessel types including powerboats, sailboats, catamarans, jet skis, and commercial fishing boats. Our competitive marine loan rates start from 7.49% p.a. with flexible terms up to 7 years. Whether you're purchasing a small runabout for weekend fishing trips or a luxury cruiser for extended voyages, we have lenders who specialize in marine financing at various price points and vessel ages.

Marine finance differs from standard vehicle finance in several important ways. Lenders consider factors such as vessel age, type, usage (recreational vs commercial), mooring location, and insurance coverage. For used boats, particularly those valued over $50,000, a professional marine survey is typically required to assess condition and confirm market value. Our marine lending specialists understand these requirements and work with lenders who are experienced in boat finance. We can often include marine electronics, safety equipment, and other accessories in your loan amount when purchased with the vessel. For those considering imported boats, we offer comprehensive import finance services covering purchase, shipping, compliance, and registration.

The boat finance process begins with understanding your needs - whether you're buying your first boat or upgrading to a larger vessel. After your initial application and conditional approval, we'll guide you through any additional requirements such as arranging a marine survey for used vessels or obtaining appropriate insurance quotes. Marine insurance is mandatory for financed boats, and we can connect you with marine insurance specialists if needed. Once all conditions are met, we arrange settlement with the seller or dealership. For marina berths or mooring, some lenders may have specific requirements, and we'll ensure you're aware of these upfront. Throughout the process, your marine finance specialist provides expert guidance tailored to the unique aspects of boat ownership and financing.