Have you found the boat of your dreams and are now looking for the best way to finance it? At Nautitech, we know that buying a catamaran is a big investment.
For those who are about to become an owner, the question of how to finance your purchase is not to be taken lightly.
Trust Nautitech's team of experts! We are detailing financing options for purchasing a catamaran. Acquiring a boat, via a bank loan or through a lease-purchase... Each solution has its pros and cons and will be suited, or not, to your project.
Catamaran financing
The purchase of a catamaran in cash
When the buyer has the necessary funds and is able to invest them directly in the project, the purchase of a catamaran in cash is a first possibility. While this method offers advantages, such as the quick purchase process, there are also disadvantages, such as mobilizing a large part of the buyer's finances in a single, relatively substantial financial project.
If you want to buy your catamaran with cash, contact our team now! We will be happy to assist you and help you enjoy your new boat very soon.
Purchase a catamaran via Loan Financing
When the future buyer does not have the funds available, or if he wishes to preserve liquidity to be able to carry out other projects at the same time, he may take out a loan. This is the traditional method of financing to purchase a boat. It’s also fast and the method that boaters very often use!
Like any other bank loan, or personal loan, the characteristics depend on the applicant's situation and the amount of his contribution. The repayment period for a catamaran loan ranges from 10 to 25 years, also depending on the possibilities of the future boat owner.
If you are interested in this financing method the acquisition of your multihull and would like to submit a loan application, the Nautitech team will be happy to put you in touch with financing professionals. Among them, La Victoire Finance is a trusted organization for the American market. LIZmer offers a credit solution for the French market.
The LOA solution (Lease-Purchase Option), A tailor-made solution for catamarans
To finance a catamaran, there is also the option of leasing, called the Lease-Purchase Option, or Equipment Leasing when the contract holder is a company. With a lease, the buyer chooses a financing solution for his catamaran that allows him to preserve his cash flow: the catamaran chosen is purchased through a third party – a bank, which leases the boat to him for a longer or shorter period. The lease term is defined, in advance, according to the buyer's financing possibilities. Once this term expires, the buyer proceeds with acquisition of the catamaran to become its effective owner, thanks to the purchase option.
Jean-Marie Naudin, LIZmer business representative – a brand of Capitole Finance-Tofinso – explain: "At LIZmer, we offer long-term support, thanks to a tailor-made offer. Every project is unique and we always propose the most suitable solution for our customers. For example, a client planning an extensive journey by sailing outside the Community's territorial waters may, under certain conditions, benefit from a complete VAT exemption on their lease payments within the framework of a leasing contract for financing a catamaran".
LIZmer, which is specialized in boat financing for more than fifteen years now, has a stand every year at all major French boat shows.
Among the advantages of a lease-purchase of a catamaran, there is the possibility of having several lessees, of adjusting the contract along the way – for early repayment, for modification of the conditions of direct debit – as well as transferability of the contract. This is good to know in case a buyer might wish to resell the boat being financed.
Catamaran leasing contracts can also be adjusted, which means that the buyer can choose to add certain items to his multihull financing contract, such as electronic equipment, sails or on-board instruments. Finally, since the bank owns the catamaran until the end of the rental period, the boat is not part of the assets of the future buyer before this date. An advantage to be taken into account from a tax perspective !
Are you thinking of buying a catamaran under a leasing arrangement ? There are many organizations that can assist you with financing a catamaran under a lease-purchase agreement. Most even offer free simulations. Among them, LIZmer and CGI Finance are highly recommended. Trust us with your project, our team can help you !
Reasoning for a Navigation Program and Project Duration
To finance a catamaran purchase, there is no one-size-fits-all answer. Your pontoon neighbor’s solution may not be the best fit for your specific situation. Each project is unique and should be examined with great attention.
There are certain questions to ask yourself. Would you like to sail for a few weeks a year, close to your home, or do you want to leave tomorrow, sailing around the world for an indefinite period? Do you expect to still be sailing in 5, 10, 15 or 20 years?
If you have trouble defining your long-term plans, our specialist team can also help you. Let's develop your navigation plan together and select the financing method that suits you best!
Whatever the solution considered for purchasing your catamaran, know that Nautitech is available to assist you. We will be happy to guide you to the ideal financing partner, to make your planned purchase a reality.
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