Most boat sales, whether new or second-hand, go through without any hitches; however, it makes sense to carry out a few basic checks before you commit to buying either a new or used boat.
Bank of Scotland (Ireland) has been offering marine finance since 2005, and its specialists offer a full advice service to customers on finance, registration, moorings and insurance.
“There are quite a few extra costs associated with running a boat,” says Ronan Kelly, marine finance national sales manager with Bank of Scotland (Ireland). “From insurance to docking and mooring fees, registration fees, essential storage equipment and maintenance, boating costs can really add up. To make these costs more manageable it’s a good idea to consider them when you go to take out your marine finance.”
The bank structures financing alternatives to meet the individual needs of customers; it can, for example, structure loans in currencies other than euro and provide finance for a vessel even when it is located overseas. The bank finances a wide selection of boats ranging from small sports boats, to large motor and sail yachts. Further information from www.bankofscotland.ie
Buying a boat is quite like buying a house, and unfortunately, it can be just as stressful. Similar to any big purchase, the stress levels can be minimised if potential buyers take the time out to do some homework, assess the options, and ensure that all background information needed is in order before the purchase.
Published in News From the Afloat.ie Archive
Published in
News From the Afloat.ie Archive
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