Boat credit
You have obtained your boat license. You only need one thing: a boat to sail on the sea or lakes and live your dream. Did you know that you could carry out this project thanks to a boat loan? Nordkapital Beratung tells you more about this personal loan adapted to this type of acquisition.
What does boat credit consist of?
A loan to make your dream come true
The boat loan allows you to obtain the financing you need to acquire the boat of your choice. It should be noted that prices vary greatly from one boat to another. This is why it is important to select a property that is consistent with your situation and your budget.
A credit expert such as Nordkapital Beratung is the ideal partner to find the most suitable solution for your project. You explain your expectations, your needs, your financial situation as well as your desires in terms of navigation. He will then be responsible for advising you and finding the offer that matches your profile.
Fundable projects
Opting for a personal boat loan means giving yourself the opportunity to finance the purchase of a property that you like. You can indeed acquire:
- a motorboat;
- a catamaran;
- a trimaran;
- a jet ski;
- a sailboat;
- a yacht;
- etc.
Pleasure boat owner: what formalities?
Steps to take
Are you the proud owner of a watercraft and have you applied for a boat loan? In order to navigate calmly and legally, certain steps must be taken:
- Obtain your boat license (compulsory for motorboats with a power exceeding 6 kW);
- Register your boat in order to receive the circulation card;
- Choosing boat insurance.
Boat insurance
As the owner of a boat, you are held responsible for damage in the event of an accident. Even if boat insurance is not always compulsory in Spain, it is important to ensure the protection of your passengers, that of other users of the sea as well as yours. However, civil liability insurance is required if your boat is powered by a motor or if the surface area of the sailboat exceeds 15 m2.
Please note that unlike civil liability insurance, comprehensive insurance (partial or complete) is optional. Note, however, that it is strongly recommended, because it covers damage caused to your watercraft such as broken glass, damage caused by bad weather or even theft.
Which credit should you choose to finance your boat?
Personal boat credit
The boat loan is a particularly interesting solution if you want to preserve your savings. It allows you to immediately finance the watercraft of your choice, whether it is a pleasure boat, fishing boat, whether used or new. With this credit, the property belongs to you and you can dispose of it as you wish. Also note that personal contribution is optional with this type of loan.
Rental with option to purchase
Rental with purchase option (LOA “leasing”) is another form of credit. This is a rental contract concluded with a dealer allowing you to use the property as a tenant for a certain period of time. At the end of the contract, you can choose to buy the boat and become its owner if you wish. This solution is interesting if you have a small budget, but it is also more restrictive. Indeed, the use of the boat is subject to some restrictions during the rental.
How to take out a boat loan online?
To take out a boat loan quickly and easily, you can carry out a boat loan simulation followed by an online credit application in just a few minutes:
1.Enter the amount you wish to borrow to finance your boat.
2.Indicate the number of monthly payments desired to repay your boat loan.
3.If necessary, make adjustments on our dynamic simulator to find the most suitable formula.
4.When the boat loan simulation suits you, validate by clicking on “next”.
5.Fill out the form with your personal information then send it.
Once your request is sent, you will immediately receive an acknowledgment of receipt. After careful analysis of your file, we will send you a fixed offer within 24 hours. Do you also want to take out a car loan or a motorcycle loan? Contact Nordkapital Beratung without further assistance to finance your project.