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Good morning. I am wishing to purchase a narrowboat from a broker in Norfolk, they do offer boat finance but they also require me to put in a substantial deposit. The chap I was dealing with said they would require a minimum deposit of 20%, how much deposit do you require? Thanks.

Hello. Thank you for the question about narrowboat finance. As you have discovered most brokers will insist upon buyers putting in a deposit of 20-40%, this is common practice.

Pegasus Finance look at the boat finance industry from a different perspective and one of the differences is that we require NO DEPOSIT.

That’s right, no deposit, zero, nothing! We are happy to finance 100% of the full asking price, leaving you free to use your own cash for whatever you wish.

Get in touch on 0800 066 2882 or simply complete an online application and we’ll get back to you without delay with the best options available. I hope this helps, but if you need more advise please do not hesitate to contact us.

About The Expert

Pegasus Finance is a trading style of The Car Loan Warehouse Limited

The Car Loan Warehouse Limited is authorised and regulated by the Financial Conduct Authority. Our registered FRN is 662397. Registered Company No. 08127935. All finance is subject to status and income. Applicants must be 18 years or over, terms and conditions apply, guarantees and indemnities may be required. The Car Loan Warehouse Limited is a broker, not a lender and can introduce you to a number of finance providers based on your credit rating and we may receive a commission for such introductions. Written quotation on request. Certain exclusions for Northern Ireland residents. Representative example: Borrowing £10,000 over 60 months with a representative APR of 16.8%, an annual interest rate of 7.9% and a deposit of £0.00. The amount payable would be £241.22 per month, with a total cost of credit being £4,473.21 and the total amount payable of £14,473.21. Terms available 12-120 months, 5.9%-49%APR.

Pegasus Finance, Technology House, Station Road, Alton, GU34 2PZ