Cruising club removes barriers to boat ownership
Cruising Club, in conjunction with Finlease, said it has released a whole new way of luxury boat ownership with a sportscruiser from as little as $76 per weekThe two companies said they joined forces to bring affordability to luxury new boat ownership in some of the best boating locations in Australia.
The deal involves purchasing an equity share of a Mustang Sports Cruiser or Harmony Yacht in any of Cruising Club's Australian locations.
Finlease has provided an unsecured, no deposit finance facility of up to $40,000 to buy the share and subsequent management fees, and repay the loan weekly or monthly.
As the boat is typically in the program between four to five years, the loan term is matched to the life of the boat in the program, said Cruising Club.
This finance allows enthusiasts to hold onto their spare cash and provide the opportunity to make boating a part of their of their leisure time, said Cruising Club.
“It has always been our passion to make boating affordable and to introduce new people into boating,” said Cliff Cunningham, general manager of Cruising Club Australia.
For equity shares greater than $40,000, Finlease said it provides packages that allows for small upfront deposits and repayment schedules which allow members to become a shareholder in a boat such as the Mustang 4200 Sports Cruiser for a deposit of $4890 and repayments of approximately $215 per week.
For more info, phone 1800 112 628, or visit http://www.cruisingclub.com.au/
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