Due to the complex and unique nature of charter boat finance, we believe in partnering with people and companies who have the highest levels of experience and expertise in the field of charter boat ownership. When it comes to finance and overall understanding of the financial and business aspects of charter yacht ownership, we cannot go past the team at Finlease.
Finlease is a specialised Finance Broking Group arranging over $350 million p/a in finance for all manner of equipment and is the major provider of charter boat finance in Australia. The principal of Finlease, Mark O’Donoghue has 15 years experience in arranging charter boat finance and can facilitate all aspects of the finance process for charter boats including importation and construction as a part of the long term loan structures.
The finance arrangements offered by Finlease utilise the boat as the only security required for the loan and Finlease provide finance approvals as competitive alternatives to the traditional banks who often seek real estate security for charter boat loans.
Finlease can provide “pre-approved” facilities that enable potential charter boat buyers to confidently further investigate these attractive charter boat business opportunities knowing that funding is in place should they wish to proceed. There is no cost for this service with the added benefit that clients are dealing with a finance organisation which has an intimate understanding of all aspects of the charter boat industry.
Finally, Finlease will provide potential charter boat vuyers with an interactive spreadsheet business model which will assist buyers evaluate the economic aspects of their proposed purchase at many levels including:
- Annual finance costs versus expected incomes;
- Appropriate levels of debt required to potentially comply with the various tax profiles;
- Annual after tax cost estimations;
- End of term circumstance overviews if boats sold, upgraded or retained for private use.
Finlease is unable to provide formal tax advice, however can assist in providing a clear understanding of the above in order for potential charter boat buyers to make informed decisions with the assistance of their own independent accounting advice.
Finlease (Australia) Pty Ltd
Contact: Mark O’Donoghue
Unit 26, 177-199 Pacific Hwy, North Sydney NSW 2060
PO Box 1013, North Sydney NSW 2059
The statements contained within this website are not to be construed as formal tax advice and potential charter boat owners should seek qualified, independent and expert advice in this area.