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.
Loans Unlimited are Perth and Western Australia’s premier loan and finance brokers. We have helped thousands move towards their financial goals by offering lower rates and faster approvals when it matters. Financial services are provided by Total Biz Pty Ltd T/A Loans Unlimited ABN 78 624 937 882 ACL 506875.
* The comparison rate shown is for a secured loan amount of $30,000 over a term of 5 years based on monthly repayments. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Any calculations or estimations do not constitute an offer of credit or a formal credit quote and is only a calculation of what you may be able to achieve based on the information you have entered. It does not take into account suitable product features or loan product types. Rates + repayments shown are based on user inputted data. All applications for credit must be verified prior to the formal assessment process. All applications for credit approval are subject to lender credit approval. Approval is not guaranteed.
