If you're looking to enjoy luxury on the water, there are some important things to know before making the investment and buying a luxury boat or yacht.
Owning a luxury boat is an exciting and significant investment. In fact, at Rumo Finance, we are enthusiast ourselves and enjoy time out on the water with friends. However, ensuring you make an informed decision requires a little bit of knowledge which we can help you out with.
Starting with the basic such as making sure the paperwork is correct, to having everything between the hull and stern inspected, all of the detail matters in making a sound investment.
It's also essential to consider how you will finance your luxury boat. Given the substantial investment, securing a superior finance deal can save you significant amounts over the term of your arrangement. At Rumo Finance, we specialise in tailored boat finance solutions that suit your needs and budget. Contact our team to streamline the process and get started today.
Your Boat Buying Checklist with Rumo Finance
Our boat buying checklist is a guide designed to assist prospective boat buyers through every step of the purchasing process. This checklist ensures that you cover all crucial aspects, from verifying essential paperwork to inspecting the hull and stern, to make an informed and secure investment. Rumo Finance also provides tailored boat financing solutions, helping you navigate the financial aspects of your purchase with ease and confidence.
Essential Paperwork
Before inspecting the boat physically, ensure the seller has all the necessary paperwork. Proper documentation is crucial, especially for newer boats.
Documentation
Verify necessary paperwork such as registration (if applicable), titles, and any other relevant documents, including servicing and works completed on the boat.
Hull Inspection
Once the paperwork is in order, inspect the hull thoroughly. Both the exterior and interior inspection is vital for assessing the boat’s structural integrity.
Exterior Inspection
Visual Carefully inspect the exterior for major knicks, gashes, and splits in the fibreglass. Look for any gel coat spidering or stress cracks.
Condition Evaluate the condition of the gel coat or paint. Ensure the hull is straight without major dents and be on the lookout for barnacle build-up.
Rub Rail Inspect the rub rail for any signs of damage, which can indicate how well the boat was maintained by its previous owner.
Staining and Marks Check for water staining around the transom motor mount bolts and inspect for brown water staining around the plug.
Trim and Metal Components Examine the condition of trim, lights, rub rail, and other metal components. Look for signs of pitting and corrosion.
Interior Inspection
Inside the hull, pay close attention to the upholstery, floor, and hidden areas.
Upholstery and Floor Inspect trimming for signs of wear and tear. Check the floor’s solidity; any spongy or flexible spots that are not solid are red flags.
Hatches and Hidden Areas Lift all hatches and inspect for dampness. Probe hidden areas thoroughly, as issues tend to hide where they’re least expected.
Electronics Test all electronics, including lights, horn, bilge pump, radio, and speakers. Ensure the wiring is properly connected and of marine-grade quality.
Stern Inspection
Finally, inspect the motor and bilge areas at the stern.
Motor and Bilge Motor Mounts Inspect motor mounts for dryness and cleanliness.
Bilge Area Assess the cleanliness of the bilge. Brown water stains may indicate improper oil disposal.
Transom Inspect the transom from the inside for signs of rot.
Buying a Boat
Thorough inspections are key to ensuring your new luxury boat provides a safe and enjoyable experience on the water.
If you want to know how much you can invest, contact Rumo Finance now for a tailored quote, your trusted partner for bespoke boat finance solutions.
Choosing Rumo Finance to buy a boat offers several key benefits:
Expertise and Tailored Solutions: We are specialised in commercial finance for business owners and the self-employed, providing personalised financing options.
Robust Lender Network: Access to a wide network of lenders to secure the best deals, even in complex financial situations.
Exclusive Services: Dedicated to serving business owners and the self-employed, offering expert support and financial facilities suited to your needs.
Customer Service: A dedicated expert guides you through the financing process, making it smooth and efficient.
Integrity and Precision: Commitment to integrity, transparency, and precision ensures unparalleled service and support.
Contact us today to begin your personalised finance quote.