Yacht Financing Made Easy
Financing a boat or a yacht in Miami can be a little challenging. Fortunately, there are plenty of resources available when you know where to look. Florida Yachts International has helped many of our clients obtain loans for their purchases through a well-vetted network of companies that specialize in boat and yacht financing in Miami.
In general, boats and yachts are considered pleasure craft unless they are used for business in which case they will require commercial insurance, so getting the right coverage is important. For example, obtaining a loan for a motorboat is different from obtaining one for a sailboat. Zero into the type of boat that you want to buy and then contact us so we can best guide you.
Some tips to get you started:
Boat or yacht financing is harder to get than your typical vehicle financing.
Companies that specialize in this type of financing will be able to give you available options so you don’t end up being denied.
The loans come in all shapes and sizes. A lot depends on the boat and your creditworthiness.
Boat and yacht loans are specifically designed for this type of asset and include special coverages and provisions.
Specialty insurance and boat lending are highly competitive and intricate fields that require expertise and knowledge to navigate successfully.
However, FYI has a team of professionals who specialize in these areas and are equipped to guide clients through the complexities of obtaining insurance and securing boat loans.
With their in-depth understanding of the industry and access to a wide range of options, FYI can provide invaluable assistance in finding the best insurance coverage and securing favorable lending terms, making the process smoother and more manageable for their clients
Give us a call and the FYI team will be happy to guide you. Speak to one of our Financing Experts at 305-239-4978, or complete the contact form and a FYI Finance Specialist will contact you to answer all of your boat loan questions.
Buying a yacht is an investment and you’ll want to protect that investment. We’re here to help you protect your investment. Insuring your yacht is one of the most important things to do after buying. Thus you will be protected from the unexpected.
Whether you’re purchasing an older motor yacht, a modern express cruiser, a sportfish or even a sailboat, we will help you locate the right insurance policy. Much like yachts, there is a large variety of insurance types. We will help find the right one for you.
Buying yacht insurance can be more complicated than buying other types of insurance, and our international yacht brokers have expertise in turning the fine print into words that make sense to your needs.
Insurance requirements can vary depending on where you register and operate your yacht, and depending on whether you use it privately or for charter.
At FYI, we ensure that you are completely covered for all the usage scenarios in your plan, whether you are buying a new yacht, a pre-owned yacht for sale, a large motor yacht, a midrange pleasure yacht, or a sports fishing yacht.
Share with us a few details, and we will give you complete peace of mind through appropriate insurance.
Call us at 305-239-4978 for more details and to help you get insurance quotes.