Warranties on private sales

For most boat buyers in Australia, the vessel they purchase is the second or third largest financial deal of their lives, so it demands serious thought and planning.

While buying the family home generally comes first, buying a boat can compete with, or exceed, the cost of buying a new car -- so it makes sense to have a warranty backing up the purchase.

Marine dealers, particularly those selling new vessels, offer warranties -- but what happens when you buy a boat privately? A second-hand runabout, ski boat, personal water craft or cruiser might be in absolutely excellent condition but, then again, it might not.

Life on the water is tough on all boats and unless they properly serviced and maintained, trouble can be just around the corner.

Aussie Boat Loans, which has been specialising in marine finance since 1996 and which has state offices in Victoria, Tasmania, the Northern Territory, Queensland and the ACT as well as offices in Nowra and Geelong, has revolutionised private boat sales by offering marine warranties on all private-sale transactions, including personal water craft such as Jetskis.

Buyers are covered for amounts from $2000 to $10,000 should anything go wrong with their new toy. As well, buyers using Aussie Boat Loans to finance their private purchase are offered a complimentary inspection to insure that all identifiers are correct. They also get a copy of a Revs certificate -- to insure clear title -- for the hull, engine and trailer. There is no charge for this service.

The company knows that boat buyers want to get on the water in a hurry, so it offers fast approval for minimum downtime. Loans start at $1500 and are available all the way to $15 million, if you are in the market for a luxury offshore motor cruiser. Interest rates start at 7.95 per cent (to approved applicants) and conditions apply.

Aussie Boat Loans can also assist boat owners with their repowering needs from big-block inboards to the smallest outboards, all at very competitive rates.

Self employed people, who often experience difficulties obtaining finance, can take advantage of Aussie Boat Loans' Low Doc Marine Finance which can cut through the red tape for those without prepared financial statements.

After 15 years in the business, Aussie Boat Loans has won numerous awards and has become a trusted name in the marine finance industry.

By calling 1300 769 999, you can find your nearest office, where full details of the private-sale warranty offer and all financial questions will be quickly answered.