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Frequently Asked Questions
There are plenty of benefits that come with boat finance (besides, of course, having a boat!). By loaning a boat instead of purchasing outright, you’ll have additional funds available for something else, such as travelling or spending money. For businesses, cash flow management is another great way boat finance can help, as well as the potential to claim a tax deduction on the asset (check eligibility first).
Our Inovayt brokers will find the best boat finance solution for you. We can look to set your loan term to suit your lifestyle and provide a fixed repayment schedule while also offering options like balloon repayments and the opportunity to pay your loan off early.
The amount lenders are willing to loan depends on a multitude of factors, but generally the sum is between $5000 all the way up to $200,000