Buy a ship

Financing the purchase of my new or second-hand boat: leasing or nautical credit?

Nowadays there are financing products adapted to the purchase of a boat, whether new or second-hand. Our financial partner is SYS Finance.

SYS Finance is since 2006 the exclusive financial broker of SGB Finance for Spain and Portugal. This French entity is the result of a partnership between Soci茅t茅 G茅n茅rale Bank and the B茅n茅teau Group.

Why SYS Finance?

聽聽聽聽聽聽聽聽 Specialists in boat financing.

聽聽聽聽聽聽聽聽 Knowledge of the nautical product and the procedures associated with the purchase and sale of boats.

聽聽聽聽聽聽聽聽 After-sales service and customer support at any time.

聽聽聽聽聽聽聽聽 Flexible financing:

o聽聽 Boats for private use or charter companies: registration on the 6th or 7th list.

o聽聽 Financing term: from 3 to 15 years.

o聽聽 Initial contribution: between 20 and 50%.

o聽聽 Residual value: option to leave a higher final contribution in order to reduce the monthly payment.

Leasing or nautical credit?

The nautical leasing is a rental contract where the owner of the boat is the finance company/institution. At the end of the contract there is a purchase option that is normally executed and thus the ownership passes to the owner. It is reserved for new or used boats with few years.

The nautical credit is a loan destined to the purchase of a boat. The owner of the boat is the borrower or owner from the first moment.

LEASING:

CR脡DIT:

OWNERSHIP

From the financing company, until the purchase option is executed

From the ship-owner from the very beginning

INITIAL CONTRIBUTION:

Min. 20-30% / Max. 50%

Min. 20-30% / Max. 70%

RESIDUAL VALUE (leaving a higher final contribution in order to reduce the monthly payment)

Up to 15%

No

Is VAT financed?聽聽聽聽聽聽聽聽聽聽

No, it is invoiced in each rental installment.聽聽聽聽聽聽聽聽

Yes, as a higher amount of the purchase

SUBROGATION

Possibility of subrogating the contract to a third party

No

Other frequently asked questions:

Fixed or variable rates?

Fixed!

These are long-term operations and we always recommend contracting a fixed interest rate to avoid surprises on the monthly payment and to determine the total cost of the operation from the beginning.

Can I cancel the leasing and transfer the boat to my name before the expiration date?

Yes, you can!

After one year of the contract has elapsed, you can cancel the contract early and arrange the transfer of ownership. In the contracts it is established which is the cancellation cost in each month of the contract.

Is it mandatory to get an insurance policy with the finance company?

No, it鈥檚 not!

It is necessary to prove that you have boat insurance for the amount of the boat, but it is not mandatory to take out insurance with the finance company.

It is also not compulsory to contract a life insurance where the finance company is the beneficiary.

Can it be partially cancelled?

Yes!

After a year of contract it is possible to cancel partially both in leasing and in credit. It has a low cancellation cost on the outstanding amount to be amortized.

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