Leisure Loans for Boats, Caravans and Motorbikes

How leisure finance works

Leisure finance covers the things you buy for the weekends: boats and jet skis, caravans and motorhomes, road and dirt bikes. Most people use a secured loan, where the boat, van or bike is the security, which usually brings a lower rate than an unsecured personal loan.

Lenders don't all treat leisure gear the same way. Each has its own view on boats, vans and bikes, and on how old they can be, which is why comparing the panel makes a real difference here.

Secured leisure loan

The boat, caravan or bike is the security. Usually the lowest rates, for new or used, from a dealer or a private seller.

Marine finance

Unsecured personal loan

Nothing held as security. Handy for older or cheaper gear some lenders won't secure against, or for a few smaller things at once.

Personal loans

A balloon payment

Leaves a lump sum owing at the end to keep the regular repayments down. Common on caravans and boats, but you pay more interest over the term.

Balloon payments explained

Private sale

Buying from another owner is fine with most lenders. Your broker checks the PPSR first, so you know there's no money still owing on it.

Caravan finance guide

Boats, vans and bikes

Boats and jet skis. Boats are often sold as a package with the motor and trailer, and the loan can cover the lot. Jet skis can be financed on their own too. Marine finance, Marine finance 101, Jet ski finance
Caravans and motorhomes. From pop-tops and camper trailers to full motorhomes. Lenders price new and used vans differently, and the age of the van matters. Caravan loans, New or used caravan finance
Motorbikes. Road, dirt, cruisers, scooters and learner-approved bikes, new or used, dealer or private sale. Motorbike finance, Buying a motorbike

What lenders look at

Your income and job. How long you've been there, and whether you're full time, casual or self-employed.
What you already owe and spend. This decides how much of a repayment you can comfortably carry.
Your credit history. Including any defaults and how many credit enquiries you've had lately.
What you're buying. Its age, its value and whether it's new or used.
Any deposit or trade-in. It lowers the amount you borrow and your repayments.

Questions people ask

Can I finance a used boat or caravan from a private seller?

Yes. Most lenders fund private sales. Your broker checks the PPSR first, so you know there's no money still owing on it.

Is a leisure loan cheaper than a personal loan?

Usually, because the boat, van or bike is held as security. An unsecured personal loan can still make sense for older or lower value gear.

How old can the boat, caravan or bike be?

Each lender sets its own age limits, and some are far more relaxed than others. That's one of the main reasons comparing the panel matters.

Will comparing hurt my credit score?

No. Comparing here doesn't touch your credit file. A hard credit check only happens once your deal has been vetted with a lender and you're going ahead.

How fast can I get approved?

Approvals can come through in as little as 10 minutes, and most land within 24 hours once your broker has everything they need.

General information only, not financial advice. Your broker will talk you through what suits your situation.