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What Our Customers Say ...

We know that customers are at the centre of our business. That is why everything we do, we do for our customers. See why Credit One has become one of the most trusted and preferred brokers in Australia.

My name is Geoff. I went through Credit One, a third choice as other finance companies, in Melbourne I might add, was so disengaged and just couldn't be bothered with the difficult task I needed. So I give Credit One a chance, it started as, oh, I'm not sure about this? but as we progressed it started to become more tangible? Then the lady I was dealing with, Emma, stepped up to the plate, and went way and beyond the line of duty.
My finance was very difficult indeed to achieve, and I knew that! Emma nailed it, and Alan the manager, was extremely helpful as well! I have to say in the end, I can't fault them.
I don't usually give my opinions to anybody in writing, but these individuals deserver praise. They kept me informed of everything that was happening, and WOW, there was a lot that happened! and it took such a long time to complete, and such a big headache it was!
I will give them 10 out of 10, as I was extremely impressed! Great job, your company should be proud to have such dedicated staff!

Geoff McClelland

Emma Johnson from Credit One was super helpful and quick to help me get approved for a loan. She’s was very informative and helped answer all the questions I had. Emma is lovely and professional and fantastic customer service. Highly recommend her!

Courtney Renee

Shaylah was extremely kind and energetic the whole process of getting the loan and willing to do what it took to get the loan done quickly and with consideration to my needs. Was fantastic to work with and 100% would suggest going through this company.

Iachlan Earley

Highly recommend Alan to help with all your loan needs. We have used many brokers over the years and we can confidently say that Alan has been by the far the best. Knowledgeable, no fuss, professional and efficient - we would and will continue to use Credit One in the future.

Katie Andrews

Have found my new go to for finance. A very professional team who are very supportive in all step required. Nothing was too complicated and always kept in touch with the process.

Trace Saunders

Jenny Youl was so good to us, she made things so easy with the paper work and she kept us notified with everything. I think we may have been her longest clients with COVID going on. Thanks Jen.

Amanda Schuman

I’ve dealt with Shaun & Andy for 2 settlements this year and cannot fault the professional service and response time these gents supply. Along with these top quality attributes they also have extremely competitive rates. 5 stars.

Mitch Harris

Brett Murphy was such a great help and found me the best possible loan that suits me! I definitely recommend using him for all your loan needs! Will be recommending all my family and friends. Thanks again Brett!

Joel Sandry

I have dealt with Michael a few times now and each time he delivers with fast reliable service. He keeps in touch and knows what he is doing. I would highly recommend him to anyone looking for finance.

Scott Taylor

Brooke S was an absolute superstar! Nothing was too much trouble, more than happy to go above and beyond expectations and made the whole process simple, pleasant and easy. Highly recommend Credit One to anyone.

Merita Hammond

Used Boat Finance

Can You Finance A Used Boat?

The short answer is yes, you can finance a used boat in Australia. In fact, many of our clients choose to finance a used boat because it can be more affordable than buying brand new.

We can help you secure financing for used boats, whether they are sold through a dealership or through a private seller.

Each lender will have their own requirements regarding finance for used boats. Because we help process thousands of loans every year, we have in depth knowledge of each lenders used boat finance policies. We’re able to help you find a lender that has more favourable terms for those buying a used boat.

Used Boat Loan Rates

Interest rates for used boat loans tend to be higher than rates for a new boat. Ultimately, the rate on your loan will depend on various factors, including:

  • Your credit history
  • The age of the asset
  • Your current financial situation
  • Whether the loan is secured or unsecured

Rates for boat finance can start from 3.99% but will vary depending on the above factors. When applying for a used boat loan, remember that there is more to a loan than just the interest rate.

Lender fees, payment frequency and the length of the loan will all impact the overall cost of your loan and are important to consider.

When you apply through Credit One, we consider each of these factors including the rate, to ensure you’re getting the best loan for your personal circumstances.

Read More About Boat Finance Rates

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Considerations When Buying A Used Boat

Lower Cost

Buying a used boat is typically going to be more affordable than buying used. Depending on the age and condition of the boat, you can potentially save thousands compared to a brand new boat.

This also means you won’t need to borrow as much money for your purchase so your finance repayments will also be lower.

Condition Of The Boat

When buying a used boat, it’s important to properly check the condition of the boat before buying. You can also ask to see servicing and maintenance records, which will give you more insight into the condition of the boat. Some buyers choose to have an independent inspection of the boat carried out before buying for extra peace of mind.

Eligibility Criteria

To apply for a boat loan (new or used) through us, you will need to meet the following criteria:

  • Must be an Australian resident or visa holder
  • Must be at least 18 years old
  • Have proof of regular income
  • Be able to afford the additional loan repayment
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Used Boat Finance FAQs

Can I buy through a private seller?

Yes, we are able to assist you with finance whether you are buying through a private seller or dealership.

Can I get an unsecured personal loan for a boat?

It is usually possible to finance a used boat with an unsecured personal loan. However, because the loan isn’t secured against the asset, the interest rate is likely to be higher.

Can I get a pre-approval?

Yes, you can apply for pre-approval on your boat loan. Having a pre-approval means you know exactly how much you can spend when you begin shopping for your boat.

What will my repayments be?

Your repayments will depend on the amount borrowed, the interest rate and length of the loan. You can get an estimate of repayments using our boat loan repayment calculator.

How do I apply?

To apply for used boat finance, simply complete the short form on this page to get started. One of our finance specialists will contact you to discuss your application and collect the information needed to process your application.

See More FAQ’s

Apply for your Marine Finance Online

No Waiting

Our finance specialists will save you time & money by comparing 40+ leading lenders to get you bank-beating boat finance. Best of all your application is obligation-free!

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