Finance for boats, caravans, motorbikes and jet skis.

Not always. Borrowers with good credit and stable income can often finance the full price of a new boat or caravan. A deposit of 10 to 20 per cent is more likely to be asked for on older or higher-risk assets, private sales above valuation, or where the applicant’s credit history is limited. A deposit also reduces the repayment and the total interest.

Yes. Leisure asset lending is available for caravans, camper trailers, boats, jet skis, motorbikes and horse floats, secured against the asset itself. Because these are bought for private use, the loan is regulated consumer credit with responsible lending obligations and a comparison rate. Terms are commonly up to seven years, sometimes longer for larger caravans and boats. Lenders consider the asset's age and type as well as your income and existing commitments.

A leisure asset loan is a secured consumer loan where the boat, caravan, motorbike, jet ski or camper trailer is the security, which keeps the rate lower than an unsecured personal loan. Terms run from one to seven years, repayments are fixed, and a balloon can be set to lower the monthly cost. Lenders quote a comparison rate and assess affordability under responsible lending rules, and the asset must be insured for the term.

Boats and outboard engines, caravans, camper trailers and motorhomes, jet skis, motorbikes and scooters, off-road buggies and quad bikes, and trailers. New assets from dealers are the simplest; used assets from dealers and private sellers are financed with a PPSR check and usually an inspection or valuation. Boat packages with the trailer and motor can be financed together.

Leisure asset loans commonly range from $5,000 to $150,000 or more for large caravans and boats, with lenders financing up to the full purchase price for well-qualified borrowers and often including registration, insurance and accessories. The amount depends on your income and commitments under responsible lending rules and on the asset’s value. A deposit lowers the repayment and can improve the rate.

Boats, caravans and jet skis can lose value faster than cars, particularly in the first few years, so lenders are careful that the loan balance does not sit above the asset’s value for too long. That influences the maximum term, whether a deposit is asked for and how large a balloon they will allow. A modest deposit and a term that matches how long you will keep the asset keeps you ahead of the depreciation curve, which your broker explains for the specific asset.

Yes. Private-sale boats, caravans and bikes are financed with a PPSR check to confirm no finance is owing, verification of the seller, and usually an inspection or valuation. Most lenders set an age limit at the end of the loan, which varies by asset type and is often longer for caravans than for jet skis. Allow a few extra days compared with a dealer purchase for the checks.

Yes. Lenders require comprehensive insurance on a secured leisure asset for the life of the loan, with the lender’s interest noted on the policy, and evidence is needed before settlement. Premiums can often be included in the amount financed. Your broker can point you to insurers who cover the asset type.

Conditional approval is often given within 24 to 48 hours of a complete application, with settlement to the dealer within a day or two of signing. Private sales take a few days longer for the PPSR check and inspection. If you are buying at a boat show or from a dealer with a deadline, tell your broker and approval can be arranged in advance.

Yes. Boat loans cover new and used trailer boats, cruisers, yachts and jet boats from dealers, brokers and private sellers, secured against the boat, with terms of up to seven years and amounts from around $10,000. The trailer and motor are included in the loan when bought together, and private sales need a PPSR check and inspection.