Silver Oak Capital provides peace of mind when it comes to your marine finance needs, taking advantage of our expert knowledge and experience in putting together a tailor-made financing solution for your superyacht purchase. Pegasus Finance do not provide financial advice. We offer boat finance for yachts typically over 20m in length. Durations and amounts to calculate monthly payment options. Terms available 12-180 months, 5.9%-49%APR. Click here for our loan payment calculator to check options for different yacht financing parameters. Total cost of credit being £2,487.57 and a total amount payable of £10,487.57. Borrowing £8,000 over 48 months with a representative APR of 14.9%, an annual interest rate of 7.7% and a deposit of £0.00. Certain exclusions for Northern Ireland residents. The Car Loan Warehouse Limited is a broker, not a lender and can introduce you to a number of finance providers based on your credit rating and we may receive a commission for such introductions. Applicants must be 18 years or over, terms and conditions apply, guarantees and indemnities may be required. That being said, the more you borrow, the lower your interest rate may be as well since you. Whether you’re searching for the right craft, constructing a new one or having your current yacht refitted, the yacht division at Bank of America Private Bank can help you achieve your objectives with a customized credit solution aligned with your ownership. Generally, the longer the repayment term is, the higher the rate can be. A yacht is a significant purchase one that requires considerable knowledge in both the acquisition and financing processes. Boat loan interest rates are determined mainly by your credit rating, along with the loan term. All finance is subject to status and income. Standard boat loan interest rates are currently around 4 to 7. The Car Loan Warehouse Limited is authorised and regulated by the Financial Conduct Authority. Pegasus Finance is a trading style of The Car Loan Warehouse Limited You may also like to have a look at our finance calculator to give you an idea of monthly payments before you apply. So whether you need £5,000 for a jet ski, a sailing dinghy for £15,000 or £100,000 for a motor cruiser, you can either make an application online and one of our advisors will contact you within 60 minutes to discuss your marine finance requirements or alternatively telephone us on 08 to ask any questions you may have.
We work very closely with these lenders who rely on us to build a picture of our customers and our positive relationship ensures that a “Can Do” attitude prevails over “The Computer Says No”. Over the last few years main stream banks have become increasingly cautious so you may have found it more difficult to obtain finance than you thought but don’t let this put you off as there are still specialist lenders out there who can help you.
When considering how much you can afford to repay monthly, remember to take into consideration the additional running costs of boat ownership such as insurance, mooring fees, fuel and repair bills. We offer competitive rates (depending on your circumstances and credit history) and flexible terms.
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