The amount of boat finance you can borrow 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.
About Secured Boat Finance
At Stratton Finance, we assist our customers in sourcing secured boat finance and general marine finance solutions that suit their needs. Secured finance means that the lender has an encumbrance over your purchase, which often results in access to better rates, repayments and terms. If you’re looking for secured finance options for your new or used boat or marine purchase, our team of experienced Australian-based brokers, together with our extensive panel of 40+ lenders, ensures you're in the best hands to find competitive boat finance rates and repayment options that suit your needs.
Our expert brokers understand that every customer has unique requirements. That’s why we offer a wide range of Jet Ski and general marine finance options tailored to meet your needs and budget.
Our expert brokers understand that every customer has unique requirements. That’s why we offer a wide range of secured boat loan and general marine finance options tailored to meet your needs and budget.
Try our simple boat loan calculator to estimate your finance repayments, or use our quoting tool to explore a range of rates and repayment options from our panel of lenders.
When you choose Stratton, you’re partnering with finance experts based in all major cities, including Melbourne, Sydney, and Brisbane, as well as across our regional network across Australia. Your nominated broker will prioritise understanding the full picture of your situation - supporting and guiding you through every step of your boat finance and buying journey, from enquiry to getting the keys in your hands.
From the moment we start working together, you’ll be matched with a single point of contact—your dedicated 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 boat finance. They will then present options tailored to your budget and financial goals.
Not only do we help you source a secured boat finance package that suits your situation, but we can also offer a comprehensive boat insurance solution for your purchase.
Start your secured boat finance journey with Stratton today and experience a seamless, rewarding process that puts the keys in your hands.
Am I Eligible?
Eligibility varies based on your specific circumstances and lender requirements. The advantage of working with Stratton for your secured boat and marine finance is that you’ll gain access to a wide range of lenders, each with unique criteria and flexible terms. Your broker will work closely with you to understand your situation and help secure the best boat finance rate and repayment options tailored to your needs. Some examples of criteria that will be assessed are:
Your property status – Do you own or rent your property?
Your employment status – Whether you are an employee or run your own business
How long you have been in your job or held your ABN
Your credit history: We perform these checks on your behalf
Your residency status
Your previous finance history
Your assets, liabilities, expenses and savings
Benefits of Boat Finance with Stratton
Anytime, Anywhere, Anyhow
Whether you prefer to speak with one of our dedicated local team members or apply online, Stratton Finance gives you the flexibility to choose how you navigate your secured boat finance application process.
Financial Flexibility
Our lenders offer a wide range of flexible options, including no early termination fees, variable loan terms, and the ability to add a residual/ balloon payment.
Lifetime Support
We’re here for you throughout the life of your loan. Whether you need help figuring out how much you owe, changing your details, or assessing your changeover options, Stratton Finance is by your side.
Why Choose Stratton For Boat Finance?
Award-Winning Brokers
Best Car Loans by ProductReview 2021–2024 and Best Large-Size Brokerage by WeMoney 2023 & 2024!
We Have Unmatched Experience
With over 25 years of experience helping more than 150,000 people access $8 billion in finance, we have the knowledge you need.
Real People Delivering Exceptional Service
With a 4.8 out of 5 customer rating, we are focused on providing outstanding service to keep you informed at every step, ensuring the best outcome for you.
Marine Finance Options
We can assist with finance for a variety of marine assets
Award-Winning Leaders in Asset Finance
Our success is driven by a strong commitment to exceptional service and customer satisfaction
Our Lenders
We have done the hard work building relationships with lenders so you get the best rates! Some of the lenders on our curated panel include:
Our Process: Simple and Transparent Boat Finance
From start to finish, we’re with you every step of the way, helping you get the keys, or funds, in your hands!
How it all works
Understanding Your Needs
We don’t treat you like just another number. Our brokers take the time to understand your specific needs to find the best boat finance options from our panel of over 40 lenders.
Apply for the Right Deal
Once you are happy with an option that fits for you, your broker will take you through the application. Approvals can occur within 24 to 48 hours.
Get the Keys or Funds in Your Hands
If approved, we guide you through the settlement process to finalise the paperwork and payment. Once everything is settled, you’re ready to pick up your new boat and sail away with confidence.
Providing Ongoing Support
Stratton Finance supports you throughout the life of your loan, ensuring you always have the assistance you need.
Frequently Asked Questions About Boat Finance
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 boat, 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 boat 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.
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 boat 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 boat finance term. A residual value is commonly used in leases and reflects the estimated value of the boat at the end of the agreement. A balloon payment is a similar concept but applies to boat 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 vehicle.
We're well aware of the tried and tested tactics to get the best price on your new boat. Below is a short summary that will help you breeze through the purchasing process and beyond:
Choose the right type of boat for your needs
Do plenty of research
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