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I have found a motor boat that I am interested in and wondered whether you can help me arrange finance. It is a Wellcraft Scarab 31 Excel and is for sale privately in Strathclyde, Scotland. Not sure what you need to know but it 31ft long and was manufactured in 1991. (You can probably find the details easily enough on www.boatsandoutboards.co.uk if you want to take a look.) It’s in great condition and is up for £30,000 although I think that I might be able to get a bit of a deal. I noticed on your website that you may still be able to offer motor boat finance even if being sold privately. Can you confirm this is correct and give me an idea of payments if I borrowed £25,000 on your longest term and lowest interest rate.

Hi Stephen and thanks for your email regarding motor boat finance.

I did manage to find the advert online and it does look really nice!

As you correctly noticed on our website we are able to arrange a boat loan for the £25,000 you require even if the seller is a private owner. We could arrange this over a term of up to 7 years if required to keep the monthly payment affordable for you.

We don’t require a large deposit or any expensive survey but we will need to take an application from you to enable us to quote the lowest interest rate available to you.

You can either do this online or can phone us on 0800 066 2882 to speak to one of our friendly finance advisors. We look forward to helping you with your new purchase.

About The Expert

Pegasus Finance is a trading style of The Car Loan Warehouse Limited

The Car Loan Warehouse Limited is authorised and regulated by the Financial Conduct Authority. Our registered FRN is 662397. Registered Company No. 08127935. All finance is subject to status and income. Applicants must be 18 years or over, terms and conditions apply, guarantees and indemnities may be required. The Car Loan Warehouse Limited is a broker, not a lender and can introduce you to a number of finance providers based on your credit rating and we will receive a commission for such introductions. Written quotation on request. Certain exclusions for Northern Ireland residents. Borrowing £8,000 over 48 months with a representative APR of 14.9%, an annual interest rate of 7.7% and a deposit of £0.00. 48 payments of £218.49 per month. Total cost of credit being £2,487.57 and a total amount payable of £10,487.57. Terms available 12-120 months, 5.9%-49%APR. Pegasus Finance do not provide financial advice.

We can introduce you to a limited number of lenders that offer finance products, but we do not offer any advice or recommendations. We do not charge you a fee for our services, but we receive commission from the lenders we introduce you to. The commission we receive is either a fixed fee or a percentage of the amount you borrow but the existence of commission does not affect the amount you will pay under the agreement. The commission we receive varies depending on how you are introduced to us, which lender we place you with, and which finance product you choose. We will pass a proportion of the commission we receive to the motor retailer that introduced you to us. The commission we receive and pay will not affect the amount of interest you pay under your credit agreement, when compared to customers in circumstances similar to you. We will always introduce you to the lender that provides products for your needs, at the interest rate suitable for your credit profile. If you ask us, we will tell you the amount of commission we are paid for introducing you to the finance lender.

Pegasus Finance, Technology House, Station Road, Alton, GU34 2PZ