Boat finance requires specialized knowledge of marine lending, vessel valuations, and the unique considerations of watercraft ownership. Tofu Auto has extensive experience in marine finance across all vessel types including powerboats, sailboats, catamarans, jet skis, and commercial fishing boats. Whether you’re purchasing a small run about for weekend fishing trips or a luxury cruiser for extended voyages, we have lenders who specialize in marine financing at various price points and vessel ages.
Marine finance differs from standard vehicle finance in several important ways. Lenders consider factors such as vessel age, type, usage (recreational vs commercial), mooring location, and insurance coverage. For used boats, particularly those valued over $50,000, a professional marine survey is typically required to assess condition and confirm market value. Our marine lending specialists understand these requirements and work with lenders who are experienced in boat finance. We can often include marine electronics, safety equipment, and other accessories in your loan amount when purchased with the vessel. For those considering imported boats, we offer comprehensive import finance services covering purchase, shipping, compliance and registration.
We finance all types of boats. From fishing kayaks to catamarans. Even boats that need repair
A marine survey isn’t always required—but in many cases, it’s highly recommended and sometimes mandatory depending on your situation
Yes we can. Currently there is demand with vessels coming from Miami and we have lenders who can accommodate these vessels
Yes, jet ski finance is widely available in Australia. The process is similar to boat loans, and you can often include accessories, insurance, and safety gear in the loan
If the boat is used as security the lender will have a clause that the boat will always need to be adequately insured. However, if we get an unsecured loan it isn’t required, but always still good practice to have some level of insurance.
Yes. You can get finance with bad credit and even a prior bankruptcy. But keep in mind not all lenders will lend to you or the rates might be slightly higher than market rates.
A deposit isn’t always required but is useful to reduce your loan and therefore your overall costs. It also may be required in some situations.
Yes we can do this through a mid-term refinance. You may have gotten your loan at a time when you had bad credit and there may now be an opportunity for a lower rate/fee loan. But we also do a refinance analysis to make sure you aren’t entering a loan that will cost you more that what you are currently paying.
