Why finance rather than pay cash

Even buyers who can pay outright often finance part of a purchase to preserve liquidity, spread cost over the useful life of the asset, and keep capital working elsewhere. Marine lenders understand the asset far better than a generalist bank.

What lenders look for

Expect to discuss the deposit (commonly 20–30% for pre-owned), the term (often up to 15–20 years on larger vessels), the age and condition of the yacht, its flag and where it will be kept. A recent survey and clean title speed approval.

Structure and currency

Rates may be fixed or variable, and the loan currency should usually match your income or the purchase to avoid exchange risk. Balloon structures lower monthly payments but leave a lump sum at the end — make sure it fits your plan.

Get pre-approved first

Arranging finance in principle before you offer strengthens your position and prevents delays once a deal is agreed. NGY can introduce established marine finance partners and coordinate the paperwork alongside survey and closing.