Aluminium Boats vs Fibreglass Boats: Which is Better?
If you’re shopping for your first boat, one of the important choices you’ll make is aluminium vs. fibreglass. Both materials have their pros and cons, and the right pick...
Request a Quote From Credit One
*Getting a Credit One low rate finance quote won't affect your credit score
Used Boat Loans
With used boat loans from Credit One, you can finance a second-hand boat without the big upfront cost. We offer flexible finance options to help you buy the right boat at the right price.
Just browsing? No worries. Getting a quote won’t impact your credit score or cost you a cent.
5.0
Reliable Finance for Real Boaties
Reliable Finance for Real Boaties
Found a good deal on a used boat? At Credit One, we can help you make it yours with straightforward finance that fits your budget. Whether you're buying from a dealer or a private seller, we’ll compare lenders and build a loan that works for you with predictable repayments and competitive rates.
We’ve helped thousands of Aussies finance second-hand boats, from runabouts and fishing rigs to cruisers and jet skis. We’d love to help you too.
Work with a Used Boat Finance Expert
We know the second-hand market inside and out. Whether the boat’s older, doesn’t have a full service history, or you’re buying from a private seller, we’ll guide you through the entire process. From the paperwork to the payout, we’re here to help you finance a used boat with confidence.
Our Quick and Simple Application Process
01
You’ve Found Your Dream boat
02
One minute
We’ll recommend a loan based on your finances and the boat you want.
03
5 minutes
We’ll submit your application and negotiate all the terms for you.
04
1-2 hours
Once the loan is approved, all you have to do is sign and begin making your payments.
Your adventures begin!
Once the lender has paid the seller, you’ll sail away in your boat.
Get the Right Finance for a Used Boat
Get the Right Finance for a Used Boat
Buying a used boat is a smart move, and we’re here to make sure your loan is just as savvy. We work with over 40 trusted lenders to secure fast approvals, flexible terms, and fair rates for second-hand boats. Whether you’re upgrading or buying your first boat, we’ll help you skip the dealer markup and get a better deal.
Why Choose Credit One for Used Boat Loans
Easy Applications with Fast Approvals
Need boat finance fast? Credit One makes it simple with a quick 60-second quote and same-day approvals. Our online application is obligation-free and hassle-free, getting you on the water sooner.
Flexible Boat Finance Options
Finding the right boat loan is easy with Credit One. Our finance specialists assess your needs and compare options from a wide range of lenders to secure a solution tailored to your business or personal circumstances.
Competitive Rates with Low Fees
We offer finance packages with low establishment fees, no ongoing charges, and competitive interest rates. Whether you're financing a single boat or an entire fleet, we can structure a loan that suits your cash flow and budget.
Recognised for Outstanding Service
As an award-winning finance broker, we provide independent advice to help you secure the best loan for your needs. That’s why Credit One has been recognised as ‘Broker of the Year’ for three consecutive years.
Specialists in Boat Finance
Our dedicated boat finance consultants are available seven days a week to assist with your application. Call us today on 1300 087 087 or request a callback to explore your finance options.
Access to Leading Lenders
With connections to over 40 trusted Australian lenders, including major banks and specialist finance providers, we can connect you with lenders not available directly to the public.
FAQs on Used Boat Loans
Is it harder to finance a used boat?
Not at all. Many of our lenders offer secured finance options for either new or used boats. While some may have age limits or request an inspection for older models, we’ll guide you through the process and match you with the right loan for your needs.
Will I pay more interest on a used boat loan?
Used boats can attract slightly higher interest rates compared to brand new models, mainly because they’re seen as a higher risk by lenders. But that doesn’t mean you’ll be paying too much. We compare rates across dozens of providers to help you secure competitive terms and keep your monthly repayments manageable.
Can I finance a used boat through a private sale?
Yes, we help with used boat financing for both dealer and private sales. If you’re buying privately, we’ll make sure the boat has a clear title and help coordinate the handover so the process is smooth and secure.
Do I need to get the boat inspected?
We strongly recommend it. A pre-purchase inspection can protect you from costly surprises and, in some cases, can help with securing a better interest rate or more favourable loan term, especially for older boats.
What other boat costs can I include in my loan?
You can usually bundle in related boat costs like the trailer, registration, insurance, electronics, and safety gear. If you're looking to upgrade or add accessories, just let us know and we’ll structure the secured boat loan accordingly.
How long will it take to get approved?
We can often provide same-day conditional approval for boat finance, with full approval typically finalised within one to two business days. The more information you have ready, the faster we can help you secure a boat loan sooner and get you out on the water.
Can I get pre approval if I haven’t found the used boat I want yet?
That’s totally fine. We can organise pre-approval so you know exactly how much you can borrow. Whether you're buying a used boat or jet ski, pre-approval gives you a clear budget and the confidence to make a quick decision when the right deal appears.
Do I need a deposit to buy a used boat?
Not always. Some lenders offer no-deposit used boat loan options, depending on the value of the boat and your financial situation. A deposit can lower your monthly repayments, but it's not a requirement for everyone.
Can I pay off my boat loan off early?
Yes, most lenders allow early payouts or extra repayments without penalty. If avoiding early repayment fees is important to you, we’ll make sure your boat loan has that flexibility built in.
Is an unsecured loan a good option for a used boat?
In some cases, yes. While most boat buyers choose secured finance, we can also explore unsecured loan or unsecured personal loan options if the boat isn’t eligible as collateral or if you prefer not to secure the loan against the vessel.
How does a used boat loan compare to other personal loans?
A used boat loan is typically more tailored to the marine space, especially if it’s a secured loan. Compared to general personal loans, used boat finance often offers longer terms, more competitive rates, and the ability to include extras related to the purchase.
Latest Boating News & Tips
Cost of Boat Ownership in Australia – Your Simple Guide for 2025
Boat ownership is on the rise in Australia. For most Australians, a trip to the local waterway isn’t so much a voyage, more a casual meander to the beach or local river.
Boat Storage Cost: What to Expect When Storing Your Vessel
If you’re considering a boat, understanding boat storage cost is key to planning your budget. Whether you’re storing a sleek fishing boat, a jet ski, or a larger...
Buying a Boat – A Simple Guide for 2025
Australia is spoiled for choice when it comes to pristine waterways, lakes, and beaches. With 87% of Australians living within 50km of the coast, it should come as no surprise...
Top Tips for Maximising Boat Resale Value
Are you ready to part ways with your cherished boat and want to secure the best possible return? Having spent decades as Victoria’s only boat wholesaler, I have firsthand...
Our Trusted Partners
Let our expert consultants compare hundreds of products on your behalf from our exclusive panel of lenders. With access to 40+ of Australia's most trusted and reputable lenders, we will help your business save time and money.
