I am considering the purchase of a Motor Boat and I would need to arrange some motor boat finance to help pay for some of it. It is a Motor Cruiser and the model is a Sealine 365. It is for sale with a dealer called Thames Boat Sales and they are selling it on behalf of someone else with an asking price of £54950. It was manufactured in 1989 and probably cost in the region in £300,000 at the time so looks quite good value. Can you contact me to give an idea of how much it would cost per month to borrow £40k over the maximum term available which looks like 5 years according to your website. How long does it take to arrange and would you pay the money to the dealer or to me?

Hi Phillip and thanks for your email.

Yes we should be able to help you with motor boat finance for the Sealine that you are interested in. It sounds like the sale would effectively be a private sale so we would recommend that you get a Marine surveyor to inspect the boat before you commit but that it is entirely up to you.

If approved for the motor boat finance the money would be sent to you not the seller leaving you free to negotiate the price as a cash buyer.

To give you an idea of monthly payments you could try our online boat finance calculator remembering that the maximum term that we can arrange is 5 years.

Once you have made an application we will need to complete a credit search to enable us to make you an official offer of finance and to give you an exact idea of monthly payments and interest rate.

To make an application you can either complete our online form or call one of our experienced advisors on 0800 066 2882

We can generally get you a decision within a few hours and once approved you simply log in to a website to accept the loan and the money will be transferred into your bank account.

For more information you can click here to visit our boat finance page.