For Your Marine Needs
CARMERCIAL Asset Finance offer a broad range of finance products for a wide variety of sailing yachts, motorboats and charter vessels.
Buying a yacht, powerboat or commercial vessel can be a big decision. That is why our marine finance specialists are on hand to offer you the expert guidance you may need to support you through the buying process.
We can finance motor or sail yachts, ranging from smaller day boats to family cruisers. We can also finance British registered commercial vessels, including barges, tugboats, fishing vessels, work boats and other commercial vessels, offering specialist services across a broad range of sectors.
Whatever marine vessel you are considering purchasing, CARMERCIAL Asset Finance can explore all financial funding options to help you achieve your goals.
Get in touch today to discover what funding is available to you!
Please note that whilst this list is extensive it is not exhaustive. Please contact us with any Asset queries you may have.
Finance products for marine assets
HP is a secured loan on your asset. It allows to acquire the asset immediately with a small deposit. You pay monthly instalments over the agreed term which spreads the cost of your investment. At the end of the term you can pay a nominal 'option to purchase' fee and you will own the asset outright.
HP helps keep capital in your business making it easier to budget. It is a popular finance product for businesses looking to purchase machinery, vehicles. Construction and agricultural equipment.
Refinancing the current assets on your balance sheet is a great way to get a cash injection in to your business. We buy the asset from you and you buy it back from us on a Hire Purchase agreement over an agreed term.
Improved cash flow and available funds can be used to acquire additional assets or put to use in any part of your business you choose. At the end of the refinance term you will once again own the asset.
A finance lease can be set up as a full pay out agreement or with a balloon payment on the end. This allows you to acquire the asset without having to buy it outright. You chose what deposit you'd like to pay and the length or term. Rentals are paid each month and at the end of the contract you can return the asset to the funder, sell and keep a portion of the income or continue using the asset in a secondary rental period.
This flexible finance agreement provides a low initial outlay, VAT can be reclaimed on rentals and the cost can be offset against pre-tax profits.
An Operating Lease or Contract Hire as it's also known allows you to rent the asset over an agreed term. A residual value (rv) is set by the funder based on the value of the asset at the end of the term.
Payments will be lower than that of an HP as you are only funding the depreciation of the asset during the time you have it, not the full cost of the asset as you would do if financing to own. At the end of the term you hand the asset back and walk away meaning you have less hassle trying to sell or trade-in the for a new one.