The Boat Buying Process
Boat Finance & Insurance
At On-Water we aim to make the process of financing a boat and insuring a boat as simple as possible.
We will provide a quick and competitive finance quote or recommend insurance tailored to your circumstances whether or not you purchased the boat through On-Water.
Boat Finance
The options available to you are:
- Up to 10 years finance:
- Boat finance companies offer standard finance packages just like a personal loan. Up to £25000 can be borrowed and no security is required.
- In addition to standard finance, there are other packages available that can be tailored to your requirements.
- Up to 15-years mortgage:
- Marine Finance companies also offer 'mortgages' where the loan is over £25000 and is secured against the boat.
- This form of finance requires that the boat under consideration is sound structurally, has no outstanding finance connected with it and has a documented list of all previous owners, complete with the bills of sale.
- In addition, if the boat is over a certain amount (typically £50,000 - £70,000), then there may be a requirement for the boat to have a Part 1 British Registry Certificate.
We'll help you make the choice and whatever your requirements, On Water will supply the quote and carry out all the necessary administration, through to full acceptance and payment.
Remember marine finance can be arranged in addition to any credit or loan arrangements you currently have.
Boat Insurance
Ring Andrew on (07984) 486829 or use our contact form to tell us your insurance requirements. We will provide you with an insurance recommendation, whether it's your first boat or you are merely renewing your insurance policy.
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