Boat Finance Adelaide
Morella Finance helps Adelaide buyers arrange boat finance from $10,000, for dealer purchases and private sales. Whether you're buying your first boat or replacing one you've outgrown, I can compare suitable lenders and handle the finance paperwork.
Boat loans from 7.59% p.a. Comparison rate 8.43% p.a.*
Set your budget before you start shopping
Get a budget in place before you spend weekends looking at boats. Tell me what you want to buy and the repayments you're comfortable with, and I'll work through the finance options so you can shop with a clearer price range.
Allow for more than the purchase price, including fuel, insurance, engine servicing, boat and trailer registration, and replacing safety equipment. If you won't keep the boat at home, add storage or marina berth costs, and leave room for trailer tyres, bearings and repairs.
Think about how you'll use it, whether that's launching at West Beach or O'Sullivan Beach, or spending time on the Port Adelaide River. Same day pre-approval is possible, depending on your circumstances and the lender, and I'll explain any conditions before you commit to a purchase.
Marine Finance Repayment Calculator
Estimate your repayments. Adjust the sliders to match your situation.
Monthly repayment
$967
per month
Weekly
$223
Total repayment
$57,998
Estimates only. Your actual rate depends on your profile and lender. Get a real comparison.
Get my quoteAbout the starting rate
6.00% p.a. is a starting point for estimating repayments only. It is not a quote, not an offer of finance, and not a rate available to every applicant. Your actual rate depends on the lender, the asset, the loan term, the loan amount and your circumstances. Adjust to model scenarios.
What you can finance
Morella Finance arranges finance for new and used boats, subject to the lender's requirements for the asset and your application. Send me the listing or quote early so I can check the boat's age, price and package details before you get too far into negotiations.
Aluminium fishing boats and runabouts
Fibreglass bowriders and family boats
Cuddy cabins and half cabins
Larger cabin boats and cruisers
Boat, motor and trailer packages
Refinancing an existing boat loan
Buying from a dealer in Adelaide
Lonsdale is a useful area to compare boats in Adelaide's south, with several marine retailers in the area. There are also boat retailers around Royal Park, Angle Park and Kilkenny in the western suburbs, and around Glenelg for buyers considering larger boats.
Once you've found a boat, send me the details and dealer invoice, including the motor and trailer if they're part of the purchase. I deal with the dealer on the finance paperwork and settlement, and keep you updated on what's needed before the boat can be released.
If the dealer changes the package or adds accessories, send me the revised invoice before signing the loan documents. That lets me check the finance against the purchase you've actually agreed to.
Buying a boat through a private sale
If you've found a boat through a private seller in Adelaide, I handle the seller's finance paperwork and settlement arrangements.
Get pre-approved, then go and look at the boat.
Once you've inspected it and agreed on a price, send me the seller's details.
I contact the seller for ownership documents and run a PPSR search to check whether money is owed on the boat.
If the lender requires an inspection, I arrange it. Occasionally a valuation is needed too.
I prepare a private sale invoice for you and the seller to sign.
The lender pays the seller directly. Any existing finance is paid out at settlement.
Once the funds clear, you collect the boat.
Money owing on the boat isn't automatically a deal breaker. It is paid out at settlement so you receive clear ownership.
South Australia rules and paperwork
Recreational boats fitted with an engine generally need registration to operate in South Australian waters, including sailing boats with an auxiliary engine. When you buy a boat currently registered in South Australia, you must transfer the registration within 14 days. Eligible transfers can be completed through mySAGOV using the boat's SA registration number, the seller's surname and their SA driver's licence or client number.
A boat registered in South Australia must have a Hull Identification Number, or HIN. A HIN check is required for first-time SA registration, an ownership transfer where the HIN isn't recorded in Service SA's system, or an interstate registration where you can't provide the Boat Code certificate, subject to exemptions. Ask the seller for the registration and Boat Code documents early so you can identify any extra steps before collection.
For most recreational motorboats, you'll need a current boat operator's licence even when the engine isn't being used. Safety equipment requirements depend on the boat and where you operate, so check the Marine Safety SA equipment checker before your first trip. It classifies the Port Adelaide River as semi-protected waters, while coastal waters farther offshore fall into the unprotected category and can require different equipment.
One broker from enquiry to settlement
You'll speak with me throughout, so you won't have to explain your purchase again each time there's an update. Morella Finance works with a large panel of lenders, including specialist lenders, and I compare options that suit your circumstances and the boat you're buying.
Low-doc options are available for eligible self-employed buyers. I'll explain what's needed for your application and let you know if the lender needs further information.
Morella Finance is based on the Gold Coast and works with Adelaide clients by phone and email. Call 07 2145 8323, Monday to Saturday, 8am to 6pm AEST, to talk through your purchase and request a free quote. Asking for a quote doesn't affect your credit file.
FAQs
Rates on our panel start from 7.59% p.a. (comparison rate 8.43% p.a.)*. The rate you're offered depends on your credit history, the boat's age and the loan term. Tell us what you're buying and we'll compare lenders to find you the best rate we can. The comparison rate example and warning are at the bottom of this page.
Yes, Morella Finance can arrange private sale boat finance, subject to lender approval. I contact the seller, check the ownership documents and coordinate payment, including paying out existing finance at settlement.
No deposit options are available, depending on your circumstances, the boat and the lender. Send me the purchase details and I'll check whether you can finance the full price.
A complete package can be considered in the same application, subject to lender approval. Send me an invoice or sale details that identify each item so I can confirm what the lender will accept.
Generally, yes, if you're operating it yourself without a licensed supervisor. South Australia's licensing rules apply to recreational boats fitted with an engine regardless of engine size, with limited exemptions including supervised operation under specified conditions.
An interstate boat can't use the standard online SA registration transfer process. You'll need to arrange SA registration through Service SA, and a HIN check is required if you can't provide the existing Boat Code certificate, subject to exemptions.