Leading rates on Cruise Craft boats
Whether you’re planning on buying a fully featured E695HT or a smaller fishing weapon like the Fish 360 M. There are different finance options available, including specialised marine loans, personal loans, and dealer finance packages, each with specific terms affecting your financial commitment.
Interest rates and fees are crucial in determining the overall cost. Even small differences in rates or terms can significantly impact your repayments.
To secure the best deal, compare the market with Marinewise – Access finance from over 50 lenders. Have clarity and confidence with your finance when purchasing your Cruise Craft.
Popular Cruise Craft Models
E695HT
Fish 360
Explorer
Outsider
Boat Loan Calculator
Boat loan rates and terms can vary based on the type of finance you require. Before you apply, be sure the numbers work and are affordable. Use a boat loan calculator to figure out the real cost of a boat loan and whether it will fit within your budget.
Note: The results of this calculator are indicative. It is for illustrative purposes only and is based on the accuracy of the information you have provided. No result from the use of this calculator should be considered a loan application or an offer of finance. The calculator does not take into account your personal circumstances. You should not rely on this calculator for the purpose of making a decision whether to apply for finance.
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Financing a Cruise Craft
in Australia
Cruise Craft are a well known and popular sports fishing boat in Australia. Known for excellent design and quality.
When it comes to financing a Cruise Craft, Marinewise has the finance options to get you approved.
Access faster, easier, fairer boat finance from the marine lenders that finance more boats across Australia.
Thousands of Aussies are eligible for reduced rate boat finance, see what you qualify for today!
Eligibility for Boat finance
To qualify for a Cruise Craft boat loan, you’ll need to:
Be at least 18 years of age
Be an Australian citizen or permanent resident
Have a regular source of income
Meet the lender's other credit criteria
Australia’s best boat finance. Get your rate today.
Commonly Asked Boat Loan Questions That Help!
In addition to above boat loan information, below are commonly asked questions for first time boat buyers or next boat purchasers looking for the best boat loan deals and other considerations of purchasing a boat.
Everything from operating costs, registration, insurance and other elements of purchasing and owning a boat that many may over look.
What is the best rate for a Cruise Craft boat?
Marinewise has access to over 70 lenders for personal or consumer boat loans across all boat types. Whether it is for a news or pre-owned Cruise Craft, we can quickly compare the market for you and access the best loan for your circumstances.
Quickly check eligibility for a boat loan here – it takes less than 60 seconds!
Can I get finance to purchase a boat from a private seller?
Yes, there are options for any type of boat purchase. Financing is available for boats on sale from private sellers. The type of boat loans available will vary based on the price and quality of the boat, your financial situation and credit rating.
What boat loans are available for those who are self-employed?
There are options for self-employed borrowers that want to finance a boat or other marine vessel. Self-employed loans require the same information as any loan application. The process just may require a bit more documentation around income and expenses an possibly proof of assets in order to get approved. Consider low doc or no doc loans, a boat finance broker can assist with all options.
Will the location of where my boat is stored or used affect my finance?
No. The interest rate and terms of the boat loan application are not determined by where you live or intend to use your watercraft. However, your insurer may have higher or lower costs based on area of usage and/or storage.
What is the cost of boat insurance and boat registration?
The cost of boat insurance is determined by the size and type of boat being insured, as well as the coverage you select. Many sources state an average of around 1.5% of the boat’s cost – however this is just a estimate. Accurate insurance quotes are dependant upon many factors that will be unique to each policy holder.
Registration varies from state to state or territory. Basically any marine vessel with a 5hp or more in Australian waters must be registered, including sailing vessels over 5.5 m.
How long can I finance a boat for?
The finance term for boat loans will vary from lender to lender but generally go up to 7 years. For larger boats that may be used for a place of residence, the terms may be similar to that of a home loan.
I have a ABN, can I qualify for a business boat loan or commercial boat finance?
Having a ABN does not automatically qualify you for or mean your eligible for a business boat loan. The watercraft being purchased must be used primarily for business purposes. You will also need to provide necessary proof of the usage of the boat or marine vessel in a commercial activity.
General eligibility for a business boat loan includes: An active ABN and business documentation such as latest BAS statements, business accounts, business tax return and other financial information depending on lender.
Alternatively, low doc or no doc business boat loans are also available for those wanting to skip the documentation process. Speaking with a marine loan broker and your accountant is the quick and convenient way to navigate through the best business boat finance.
Is the rate provided by the manufactures the best?
Although manufacturers might quote a low rate, there is generally a catch. As an example; The lower the rate = less to no negotiation power on the purchase price. Always start by negotiating the price before discussing how you will repay it. Also, remember to compare off of the comparison rate and not the advertised rate!
What is the Personal Property Security Register (PPSR)?
This is an especially important search for those looking to purchase a second hand boat or marine vessel. The PPSR is a record of financial interests in cars, boats, and caravans kept against assets. Prior to purchasing a boat or watercraft, including trailers, check the PPSR to see whether any loans are currently outstanding on it. This will insure that you will be the sole owner of the vessel.
Do I need to have a boat inspection to get finance?
If you are taking out a secure loan with the boat or marine vessel as collateral, then most lenders will require a boat inspection prior. For purchasers using a unsecure personal loan or other none secured finance it may not be necessary.
However, it is highly recommended you hire an expert to inspect a used boat so that you are fully informed about its condition and avoid a lemon. The last thing you want is to find serious issues with your boat or craft whilst out on the water