Australia’s Leading Jet Ski Loans
Whether you’re planning on buying a new or used jet ski, 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.
Jet Ski Loan Calculator
Jet ski 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 our jet ski loan calculator to figure out the real cost of a jet ski 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.
The features and benefits of our jet ski loans
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Financing a jet ski
in Australia
Personal watercrafts are extremely popular and ridden all across Australia.
When it comes to financing a jet ski, Marinewise has the finance options to get you approved.
Access faster, easier, fairer jet ski finance from the marine lenders that finance more jet skis across Australia.
Thousands of Aussies are eligible for reduced rate jet ski finance, see what you qualify for today!
Eligibility for jet ski finance
To qualify for a jet ski 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 jet ski finance. Get your rate today.
Commonly Asked Jet Ski Loan Questions That Help!
In addition to above loan information, below are commonly asked questions for first time jet ski buyers or next jet ski purchasers looking for the best finance deals and other considerations of purchasing a personal watercraft.
Everything from operating costs, registration, insurance and other elements of purchasing and owning a jet ski that many may over look.
Can you get finance for any type of jet ski?
In most situations, no matter what sort of boat, jet ski, or marine vessel you want, you may get a loan. While some banks may not provide financing for all types of watercrafts, there are specialist lenders that do. Loans are available for both new, used and unique marine vessels and boats. If the age or condition of an older boat do not meet the requirements for a secured boat loan, there are unsecured personal loans available.
Can I get finance to purchase a jet ski from a private seller?
Yes, there are options for any type of jet ski purchase. Financing is available for jet skis for sale from private sellers. The type of jet ski loans available will vary based on the price and quality of the jet ski, your financial situation and credit rating.
What jet ski loans are available for those who are self-employed?
There are options for self-employed borrowers that want to finance a jet ski 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/jet ski finance broker can assist with all options.
Will the location of where my jet ski is stored or used affect my finance?
No. The interest rate and terms of the jet ski 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 jet ski insurance and registration?
The cost of insurance is determined by the size and type of jet ski being insured, as well as the coverage you select. Many sources state an average of around 1.5% of the vessel’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 jet ski for?
The finance term for jet ski loans will vary from lender to lender but generally go up to 7 years, with 5 years be most common.
I have a ABN, can I qualify for a business jet ski loan or commercial finance?
Having a ABN does not automatically qualify you for or mean your eligible for a business 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 marine vessel in a commercial activity.
General eligibility for a business jet ski 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 jet ski 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 related 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 jet ski or marine vessel. The PPSR is a record of financial interests in cars, boats, jet skis, 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 jet ski inspection to get finance?
If you are taking out a secure loan with the marine vessel as collateral, then most lenders will require a jet ski 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 jet ski 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 watercraft whilst out on the water