Marine finance made easy

Marine finance is a popular option for individuals and businesses looking to purchase a boat without tying up large amounts of capital. At Arkle Finance, we specialise in providing flexible, tailored marine finance solutions to help you get on the water with ease and confidence.

What is marine finance?

Marine finance is simply a secured loan where the boat itself serves as security, in the same way a house acts as security for a property mortgage. We typically ask for a deposit of around 30 per cent of the vessel’s value, which can be paid in cash or in part-exchange for another vessel. An asset finance specialist, such as Arkle, will then lend the remaining amount needed for you to complete the purchase. Repayment is agreed over a fixed term, typically up to seven years, with the flexibility to settle the loan early, if, for example, you want to sell or upgrade your boat. On certain agreements, a balloon payment may be available to keep your monthly repayments lower.

Why use marine finance?

As with any loan facility, marine finance allows you to keep your cash and other assets. This avoids the so-called ‘opportunity cost’ of withdrawing money from investments, business capital, or savings and forgoing their potential benefit. Using finance may also give you the option to buy a bigger or newer vessel now, potentially reducing future upgrade and maintenance costs, which are generally lower for newer boats. And don’t underestimate the expert support you will receive. Arkle’s team will be with you all along the way – helping with documentation such as vessel registration and providing you with all the guidance and support you need for a smooth transaction.

Why choose Arkle for marine finance?

With nearly three decades of experience in asset finance and as part of the Weatherbys Group, which was founded more than 250 years ago, we bring stability, experience and expertise to every transaction.

Putting clients first is at the centre of our ethos – we look for reasons to support your asset finance needs rather than reasons not to. We speak in plain language at a pace to suit you and our marine finance solutions are tailored to your individual needs. We offer fixed-rate terms, giving you certainty with your repayments, while our friendly and professional team ensures every finance agreement is handled with flexibility and care. They will support you at every stage of your marine purchase journey – from your initial enquiry to the final signature.

What types of boats can Arkle finance?

We are able to finance a wide variety of vessels, including sports boats and cruisers, flybridge yachts, catamarans, RIBs and sailing yachts. Whether new or pre-owned, boats can be owned by individuals or UK-registered businesses and are usually kept in the UK. Our typical marine finance agreements range from £40,000 to £1 million.

So, whether you’re stepping into boat ownership for the first time or upgrading to your ideal vessel, Arkle Finance can make it happen smoothly and securely with friendly expert support on hand every step of the way. To find out more about marine finance with Arkle, get in touch with our team today.