If you’ve seen the perfect boat listed on Marketplace – we’ve got good news. With Loans Unlimited, you can get a boat loan for a private sale.
It works a little differently to buying through a usual dealer, but our crew are willing to support you through the whole journey. Here’s how it works.
Buying privately is a bit more complicated. There’s no dealership to handle the paperwork and you’ll have to do some extra homework.
Here’s a step by step breakdown of what’s involved:
You find the boat
We verify it’s value
The seller provides proof of ownership and a signed sale agreement
We sort the finance and pay the seller directly once everything checks out
With help from our crew, you can take the gravity out of the process and get some help tackling the extra moving parts.
There are a few documents a lender will want to see before they give you approval. It keeps your loan above board and protects you from any dodgy characters.
You’ll need to provide:
A copy of the rego papers
Proof that there’s no finance owing (we can check this for you)
A signed invoice or sale contract
The seller’s ID
This will confirm ownership and ensure you’re not inheriting a black hole of debt from the seller.
Because we’re partnered with over 40 lenders, Loans Unlimited can find financing for most roadworthy, trailered or recreational vessels. That includes:
Tinnies
Bowriders
Small cabin cruisers
Fishing boats
When you first contact us, we’ll ask a few details about the boat’s:
Age and value
Condition
Title and damage history
This will help us create a shortlist of lenders best suited to your boat and circumstances. From there, it’s over to you to choose a lender and chart course toward that dream vessel!
When you’re buying a boat, there’s one main difference between private and dealership sales: who handles the paperwork.
If you work with a dealer, most of it is done in-house. With a private sale, you and the seller need to gather details either by yourselves or with the help of Loans Unlimited.
Our crew will help you get:
Competitive interest rates
Flexible loan terms
Optional insurance or extras (if needed)
A streamlined online process
If you’d like to get a clearer picture of what your plan might look like, try using our online calculator for boat loans in Australia.
If you’ve got your paperwork in order, a private sale boat loan can be just as quick as any other. Approval can often happen in 1-2 business days or even faster if you’ve been pre-approved.
Here’s what helps speed things up:
Clear ID and rego documents from the seller
A signed sale agreement or invoice
Proof the boat has no finance owing
Your own documents ready to go
Delays usually come from missing info, so the sooner you (and the seller) get us the paperwork, the sooner you’ll be ready for lift-off!
If you’ve found your perfect boat with a private seller, you don’t need to worry. If you get us the proper documentation in quick time, Loans Unlimited can secure a lightning speed approval with one of our lenders.
Every week, our crew help WA buyers from Broome to Albany zoom through the approval process, dodge paperwork asteroids and secure their new boat. If you’ve got a vessel in mind, hit ‘apply now’ and take the first steps today.
