Boat finance
Boatbase does not arrange finance and is not a credit provider. We have no lender partner, earn nothing from finance, and cannot approve or decline anything. The figures on listings are arithmetic, not offers.
What the “est. $X/wk” on a listing means
It's a straight amortisation calculation on the asking price, so you can compare listings on a like-for-like basis without doing the maths each time. The assumptions are fixed and deliberately visible:
- Loan amount: the full asking price, no deposit
- Term: 7 years
- Interest rate: 10.99% p.a.
- Repayments: weekly, equal instalments, no fees included
Your actual rate will differ — it depends on your credit history, the age of the boat, whether the loan is secured, and the lender. Older boats in particular are often quoted noticeably higher than a car loan. Treat the number as a way of ranking listings, not as a budget.
If you're looking for a boat loan
Talk to your own bank, credit union, or a licensed finance broker. Compare the comparison rate rather than the headline rate, check for early-repayment fees, and confirm whether the loan is secured against the boat. If you're buying privately, also check what the lender requires before they'll settle — many want a PPSR clearance and a valuation first.
This is general information, not financial advice, and doesn't take your circumstances into account.