The financing of a boat often requires the use of a credit, a consumer loan may be appropriate and funding agencies offer tailor-made solutions for all types of boats: pleasure craft, motorboat, sailboat …
Buy a boat: credit
Many French people are thinking of buying a boat and if for some the navigation will be done in fresh water, others will privilege the ballades at sea. For each need there is its type of boat (sailboat, motorboat, yacht, trimaran ) and all can be financed through a bank loan, only several loans can meet the need: real estate loan, loan for consumption affected or personal loan.
The choice of credit will essentially depend on the amount of the boat, in new or used, but also on its use. If the boat is dedicated to a permanent home, then the mortgage can help fund its purchase, it is important at this stage to apply for credit online to validate the type of credit and be aware of the proposed amounts. The amounts can vary from 1000 $ to 100 000 $ even up to 300 000 USD for some credit institutions.
The choice of credit to buy the boat
The credit agencies solicited will differ depending on the type of boat and necessarily its amount. If the amount is high and its use will be associated with housing, then mortgages can meet this need, it must be a credit of at least 75 000 USD and a guarantee will be requested (bank guarantee ). If the amount is lower, that is to say less than 75,000 USD, then it is possible to opt for two credits boat: the loan and the loan.
The loan allocated is a consumer credit, the amount of which will be linked to a proof, an estimate or a purchase order. If the purchase is not made, the credit is not released. In contrast, the personal loan is a credit that can be obtained without supporting documents on the amounts requested and therefore with a free amount. It is a faster credit to obtain but is not associated with the act of purchase.
Simulate a boat credit online
Many establishments can meet the financing needs of a boat purchase but it is above all the amount of the ship which will determine the type of organization to be solicited. This is why it is advisable to request an online simulator, this allows you to submit a single boat loan application and get several proposals in a few clicks. Depending on the amount and nature of the request, the simulator will direct the need to the appropriate organizations.
The advantage of the credit simulation is to be able to compare the different offers obtained, this allows to make the best choice for the financing of his boat. Note that this is a free service without commitment.