Jet Ski finance allows you to reduce your upfront cash outlay, freeing up funds for other needs. For businesses, it can help improve cash flow and may offer tax benefits (consult your accountant for details). 

Jet Ski finance also provides flexibility, giving the buyer a wider range of purchasing options without the full payment upfront. Additionally, it often comes with fixed interest rates and predictable repayments, helping you manage your budget more effectively. Some options even allow for balloon payments or early pay-off, giving you added financial flexibility.

New Jet Ski finance typically comes with more attractive loan terms due to the lower risk for lenders, including lower interest rates and longer repayment periods. This can make new Jet Ski’s more affordable on a monthly basis, even if the total price is higher. 

On the other hand, used Jet Ski finance often has higher interest rates because of the perceived risk, but the overall loan amount tends to be smaller due to the lower price of the asset. Both options provide flexibility, allowing you to choose the financing plan that best suits your budget and needs.

A pre-approval is a preliminary assessment by a lender that determines if you qualify for a loan and how much you can borrow. It typically involves submitting an application, providing documentation such as income verification and credit history, and undergoing a credit check. 

A pre-approval gives you a clearer idea of your budget when shopping for a Jet Ski, as it indicates the maximum amount the lender is willing to offer you under certain conditions. It's important to note that a pre-approval is not a final Jet Ski loan commitment but rather indicates that a lender is willing to lend you a certain amount based on your financial situation, but it is not a guarantee of the final loan approval. The final commitment will depend on further verification and approval processes.

The amount of Jet Ski finance you can obtain depends on several factors, including your income, credit history, existing debts, and the value of the vehicle. Lenders assess your ability to repay by reviewing your financial situation and applying lending limits based on a percentage of the boat's value. To understand more, use our serviceability calculator to get a guide on how much you can borrow. To explore a range of rates and repayments, visit our online quote tool. Or, speak to an Australian-based broker today—request a call back or call 1300 787 288.

With a multitude of lenders to choose from, it can be tricky to navigate and find the best option that works for you. That’s why we aim to match you with an expert finance broker who will take the time to understand what you’d like to buy, as well as your personal details, work history, income, and expenses, to create a tailored preliminary assessment for your Jet Ski finance. They will then deliver options that align with your budget and financial goals.

Residual values and balloon payments refer to a lump sum due at the end of a Jet Ski finance term. A residual value is commonly used in leases and reflects the estimated value of the Jet Ski at the end of the agreement. A balloon payment is a similar concept but applies to Jet Ski loans, allowing you to reduce monthly repayments by deferring a portion of the loan to the end of the term. Both options lower your regular payments but require a larger sum at the end, which you can either pay off, refinance, or trade in the asset.

We're well aware of the tried and tested tactics to get the best price on your Jet Ski. Below is a short summary that will help you breeze through the purchasing process and beyond:

• Choose the right type of Jet Ski for your needs 

• Do plenty of research (Read consumer reviews)

• Understand when is the best time to buy 

• Be prepped and ready for the negotiation process (we have essential negotiating tips)

• Ensure you have your finance pre-approved