Finance for your Boat purchase - Boat mortgages, boat finance, boat loans

If you are looking for a boat mortgage, boat financing, boat refinancing, or a boat loan, our own independent advisors are able to identify the most advantageous method of financing your dream boat. and will use their best endeavours to identify and secure the most cost effective mortgage or loan to suit your particular needs

But with so many different places to go for boat finance, it can be hard to know which way to turn, but there is also an alternative to traditional mortgages - Boat Leasing.

In the last few years, boat leasing has been increasing in popularity as the finance option of choice for larger yacht buyers. They are easy to set up, and operate in exactly the same way as any other leasing contract and can save you a significant amount of VAT. Leasing is available for both new and used boats.

The two most common schemes are Italian and French leases. These differ slightly in their VAT saving, but in simple terms involve the bank buying the asset (boat) and then effectively renting it back to you for an agreed period, at an agreed price. At the end of the lease you have the option to buy the asset which then becomes a transfer of goods and for VAT purposes is deemed to take place where the person who makes the supply is established: i.e. French bank in France, Italian bank in Italy etc. The VAT reductions apply to the leasing repayments during the course of the lease, with only the final payment attracting the full VAT rate. Residual value are normally kept as low as possible (normally around 1% or even 0.1% of the original purchase price). The lease can be held in an individual, joint or company name and it is possible to have a VAT free lease, either for a legitimate chartering business, or alternatively where the vessel is used outside EU waters.

Using the Italian lease it is possible to reduce the VAT to 6% for yachts over 24 metres in length, and to a minimum of 9.8% under the French scheme. Both schemes can be applied to new and used vessels, but with a minimum purchase price of 500,000 euros ex VAT, and is easy to set up. Simply negotiate the price of your yacht, including all the extras, and then pay your deposit ( 20% minimum ). The bank will pay the balance and lease the boat to you for the agreed lease period (from 3 to 8 years) at the agreed monthly or quarterly rate. At the end of the lease you have the option to buy the vessel at the agreed nominal amount of 1% (or 0.1% of the original purchase price) or simply hand her back to the bank.

Both schemes are available for all UK and European residents and chartering is permitted under the terms of the lease.

But, whatever you financing needs, why not let Boat Sales Spain provide you with an alternative proposal.

Berths for sale:                  Boats for sale:                        Motorboats for sale                             Sailing boats for sale