Boat Finance Perth
Morella Finance helps Perth buyers arrange boat finance from $10,000 for dealer purchases and private sales. Whether you're buying new or used, I compare suitable loan options and handle the finance paperwork so you can concentrate on choosing the boat.
Boat loans from 7.59% p.a. Comparison rate 8.43% p.a.*
Set your budget before you start shopping
Getting pre-approved before visiting boat yards gives you a clearer spending limit and an idea of the repayments. Send me your likely purchase price and what you're comfortable paying each month, and I'll work through suitable options before you commit to a boat.
Allow for insurance, fuel, engine servicing, registration and safety equipment alongside the loan repayment. A trailer boat also brings tyre, bearing and brake maintenance, while a boat kept in the water may need a pen or mooring, hull cleaning and antifouling. Keep some room in the budget for repairs, particularly when buying used.
Think about where you'll keep and launch the boat, whether that's a pen at Hillarys Boat Harbour, the ramps at Woodman Point or river access at Coode Street in South Perth. Same day pre-approval is possible, depending on your circumstances and the lender, and I'll explain any conditions that still need to be met.
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 loans for a range of new and used boats, with the boat's age, condition and purchase details helping determine the available options. Tell me what you've found and whether the advertised price includes the motor and trailer, so I can assess the whole purchase.
Aluminium fishing boats and runabouts.
Fibreglass bowriders and family boats.
Centre consoles and cabin boats.
Larger cruisers and sailing boats.
Boat, motor and trailer packages.
Refinancing an existing boat loan.
If you're comparing two boats at different prices, I can quote both so you can see how the repayments fit your budget. No deposit options may be available, depending on the lender and your circumstances.
Buying from a dealer in Perth
Wangara is a useful area to compare new and used boats in Perth's northern suburbs, with boat yards and showrooms around Berriman Drive. South of the river, Bibra Lake has boat sales premises around Port Kembla Drive. Comparing the complete package helps you see whether the price includes the trailer, electronics and other equipment you need.
Once you've chosen a boat, send me its details and the dealer invoice. I'll deal with the dealer on the finance paperwork and settlement, and keep you updated on anything the lender needs before releasing the funds.
Buying a boat privately in Perth
If you've found a boat through a private seller in Perth, I handle the seller's finance paperwork and settlement through these steps.
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.
Western Australia boat rules and paperwork
For a boat with current or expired WA registration, the buyer must submit the required transfer documents within fifteen days of purchase. The seller must notify the Department of Transport and Major Infrastructure within seven days of the sale. The purchaser's paperwork includes proof of identity and a Hull Identification Number certificate if the HIN is not recorded on the registration certificate.
A boat trailer is treated as a vehicle for licensing purposes, so its transfer is separate from the boat's registration transfer. WA generally requires recreational boats that are, or can be, mechanically powered to be registered before use in WA waters, subject to specific exemptions. For a registrable boat, registration must be renewed annually if you continue using it on the water.
The skipper needs a Recreational Skipper's Ticket to operate a recreational boat with a motor exceeding six horsepower and must carry the ticket while operating it. You don't need the ticket simply to own a boat kept on land or docked. Check the required safety equipment for your boat and intended waters before collection, rather than assuming everything included in the sale is suitable.
One broker from enquiry to settlement
You'll speak with me throughout the loan process, so you won't need to explain your purchase to a different person each time you call. I compare options across Morella Finance's large panel of lenders, including specialist lenders, and explain the repayments, loan term and conditions before you decide.
Low-doc options are available for eligible self-employed buyers. Tell me how you earn your income and I'll explain what information is needed for the options that suit your circumstances.
Morella Finance is based on the Gold Coast and works with Perth clients by phone and email. Call 07 2145 8323, Monday to Saturday, 8am to 6pm AEST, or 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. I contact the seller, obtain ownership documents, run the PPSR search and prepare the private sale invoice, with any existing finance paid out at settlement.
A boat, motor and trailer package can be considered together, subject to lender approval. Send me the full package details so I can check the available options.
The buyer must submit the required boat transfer documents within fifteen days, and the seller must notify the department within seven days. A trailer purchased with the boat needs its own vehicle licence transfer.
You don't need a Recreational Skipper's Ticket just to own a boat kept on land or docked. You need it to operate a recreational boat with a motor exceeding six horsepower.
For a registrable recreational boat on the river, you must carry a lifejacket of Level 100 or higher for each person aboard. Check that the jackets included with a used boat meet that requirement and fit the people who will use them.