Boatworks is all about helping you get the right boat.

The boat that works for you and the boat finance that works for you. Bringing together information aimed at assisting you select the boat that suits your lifestyle. The boat that maximises your time on water, meets the requirements for you, your friends and family and enhances you recreation and relaxation. If you’re buying a boat for your business, the vessel needs to work, and work hard, to deliver for your operation. To meet the demands of your customers and enable you to improve productivity and efficiency, increase your bottom line and grow your business.

But maximising your boating enjoyment or increasing your business profitability may not be achieved if you don’t have the boat finance deal that also works for you. A personal secured boat loan that works with your weekly budget. A commercial marine finance deal that works with your cash flow. For most boat buyers, that means sourcing the cheapest boat finance available.

Not always an easy task. Navigating the financial channels in Australia can be challenging for even the most savvy and experienced borrowers. We provide you with information on what loans are available for both personal and business boat finance, where to source boat loans and, most importantly, tips and hints on how to source the cheapest boat finance.

You’ll likely hear plenty of scuttlebutt around the marina or yacht club as to what you should buy and receive plenty of input of boat financing. We’re not sharing scuttlebutt, we’re focussing on the facts specific to boat finance right here in Australia.


Having a good grasp of the types of loans available, how the various elements of secured boat loans and commercial marine finance are structured makes it a lot easier to decide on the boat loan that works for you. Add to that our hints and tips on where to source boat loans and you’re even closer to achieving the cheapest boat finance.

Boat loans for individuals (consumer finance) differ from the types of boat finance available for business (commercial) buyers. The interest rates are usually lower for business finance than consumer loans. With consumer loans, you need to be considering the Comparison Interest Rates not just the advertised interest rate when comparing loans. Read more about interest rates for boat loans on our FINANCE page.

For private buyers, the choice is between secured boat loans and unsecured personal loans. For marine businesses, the range of commercial boat finance products include Boat Leasing, Chattel Mortgage and Commercial Hire Purchase (CHP). Head to our Finance page for more details.

While some banks and finance companies do offer a form of boat finance, they may not be offering the cheapest boat finance deals. Using the services of a specialist marine finance broker offers boat buyers significant benefits in source the best boat loans. How do they operate? Learn more on our Finance page.


Whether you’re considering a luxury motor yacht, a racing yacht, a mid-range sailing yacht for recreation, a catamaran for charter or passenger work, or a smaller trailer-sailer – finding the right boat requires a number of considerations. Initial decisions are usually based on your individual preferences or requirements: your sailing/boating capability, size, accommodation, suited to your purpose, facilities, performance, maintenance and ongoing requirements, mooring and berthing and ease of operation.

These may include if you want a yacht that equally allows you to compete in your yacht club races and accommodate family and friends overnight for holidays. If you intend to sail solo or will you always have a crew to assist. If going solo, think single-handed yachts or models which offer push-button sail hoisting features. If selecting a motor or sailing yacht for a charter operation, are the facilities and accommodation suited to the market you are targeting.

Next comes the more specific detail. Whether to buy a new or a second-hand yacht, what manufacturer and whether to purchase through a broker or dealer, from a private seller or even at auction.
And most importantly, and very often the clincher – the price! Or in most cases, more specifically – affordability. The affordability of the boat you want comes down to your finance. That is why finding the boat loan that works for you is as important as finding the right boat.

CONTACT US For the facts not the scuttlebutt, contact us at Boatworks for assistance with finding the boat and finance that works for you!