The Smarter Path to Financial Returns

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Helpful news, tips and business advice for small to medium business owners about how to maximise profit, minimise waste and grow and protect your business.

Learn about how to make borrowing for marine equipment smooth sailing with PSA Capital Investments.

Steering Your Way to Success: Borrowing for Marine Equipment

Navigating the waters of marine equipment finance can be as challenging as steering a ship through a stormy sea. At PSA Capital Investments, we understand the complexities of borrowing for significant purchases like boats and other marine equipment. Our expertise lies in providing flexible financing options that make borrowing for marine equipment a smooth sailing experience for business owners and individual borrowers alike.

Getting a boat loan can be similar to securing a car loan, offering a range of options, including low-interest, well-secured loans, and various term lengths. First-time applicants for boat or marine loans might find the process daunting, but rest assured, we’re here to guide you through it seamlessly.

The Voyage of Borrowing for Larger Marine Equipment

When it comes to financing larger marine equipment, the journey can be filled with unique challenges. Marine vessels, from luxurious yachts to functional fishing boats, represent a significant investment, often requiring substantial loans. The process of securing a loan for marine equipment requires a keen understanding of the financial landscape and the ability to find a loan that aligns with your individual or business needs.

Flexible Financing Arrangements

What sets PSA Capital Investments apart is our commitment to flexibility. We recognise that each borrower’s needs are as diverse as the vessels they wish to acquire. Our approach is to tailor financing arrangements that cater to your specific requirements. Whether it’s a short-term loan for a jet ski or a long-term investment in a commercial fishing vessel, we offer solutions that fit your financial journey.

Charting the Course: What Can Be Financed?

Marine finance encompasses a wide array of vessels, ensuring that whatever floats your boat, we’ve got a financing plan for it. Here’s a glimpse of what can be financed:

  • Speed boats
  • Fishing vessels
  • Luxury yachts
  • Dinghies
  • Jet skis
  • Houseboats
  • Trawlers

Considering All Costs: Beyond the Purchase Price

When considering marine finance, it’s not just the purchase price of the boat or vessel you need to think about. There are several other costs involved in owning a boat that you should include in your budget:

  • Marine Insurance: The cost can change depending on your boat type and where you keep it.
  • Boat Gear: This includes electronics, accessories, and safety equipment you’ll need on board.
  • Storage Fees: The cost of storing your boat can differ depending on the boat’s size and the storage location.
  • Running Costs and Maintenance: These expenses vary based on the type of boat you choose and how often you use it.
  • Registration Fees: Don’t forget the costs associated with registering your boat.
  • Transport Costs: If you need to transport your boat, this might also be financed.

Remember, these extra costs usually aren’t covered in secured boat loans, but you might be able to include them in unsecured loans.

Anchoring Your Marine Finance Application

Having your financial information at the ready can significantly streamline your application process. This includes details about your income, debts, employment, existing assets, and credit history.

Securing Pre-Approvals

Securing a pre-approval for your marine loan is a savvy move. It not only sets a clear budget for your purchase but also gives you confidence and bargaining power when shopping for your next vessel. A pre-approved loan means you’re ready to make a deal as soon as you find the right vessel, placing you a step ahead in the competitive marine market.

Embarking on Your Marine Adventure with PSA

Ready to set sail on your marine venture? Whether it’s for business or pleasure, PSA Capital Investments is your trusted partner in marine finance. Get in touch with us at (03) 9847 7689, and let’s chart a course towards your dream marine vessel.

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PSA’s Director, Peter Marmara-Stewart, is a highly successful business owner and finance professional in Melbourne. As a certified Financial Planner with over 15 years of experience in business finance, accounting, and asset management, he provides clients with unparalleled expertise in asset protection, debt elimination and business restructuring. Call (03) 9847 7689 and see how Peter and the PSA team can help you get on the smarter path to financial returns.