Buying a Prestige yacht with finance: what to check before you commit

Before financing a Prestige yacht, check the deposit, interest basis, agreement term, total amount payable, early-settlement conditions and any fees. Finance should fit the full cost of ownership, including insurance, berthing, servicing and maintenance, rather than only the monthly repayment. Burton Waters Boat Sales can introduce customers to boat finance through a limited panel of third-party lenders. Burton Waters Marina Ltd acts as a credit broker, not a lender. Finance is subject to status and income, applicants must be at least 18, and lender terms determine whether the product is suitable.

How marine finance works

A marine mortgage is commonly secured against the vessel, although other finance structures may be available. If repayments are missed, the lender may take enforcement action, which can include repossession where the agreement permits it. Deposit requirements, maximum terms and available rates vary according to the lender, applicant, boat, age and loan amount. Do not assume that a particular percentage or 20-year term will be offered. Choose the model and realistic budget first, using the guide to the Prestige range and its position among the top luxury yacht brands.

What to compare

What to check	Why it matters
Deposit	Affects the amount borrowed and may influence lender terms
Interest basis	Fixed payments offer predictability; variable rates may change
Agreement term	Longer terms can lower repayments but increase total interest
Total amount payable	Shows the overall cost, including interest and applicable charges
Early settlement	Overpayments or settlement may involve conditions or charges
Broker and lender	Confirm their roles, authorisation and commission arrangements

Compare the interest rate and, where applicable, APR. Request a written quotation showing the monthly payment, total amount payable and assumptions. A fixed rate is not automatically more expensive than a variable rate, so compare actual offers rather than relying on generalisations.

Deposit, survey and tax status

A part exchange may contribute towards the purchase, subject to valuation and acceptance. For a used yacht, arrange an appropriate marine survey and check title, finance, registration and VAT documentation. The in-stock Prestige F4.9 is currently advertised at £1,199,950 as tax paid. Buyers should still inspect the supporting documents. The new versus used trade-offs can also affect warranty, survey requirements and finance availability.

Know who you are dealing with

Burton Waters Marina Ltd is authorised by the Financial Conduct Authority under firm reference number 739086. It does not charge customers a fee for its credit-broking service but normally receives commission from the lender and says the amount will be disclosed before completion. Where a Prestige purchase exceeds the preferred budget, compare the Jeanneau range and the Jeanneau Merry Fisher 1295 Coupe before returning to the wider Prestige range.

Ready to review the figures?

Speak to Burton Waters Boat Sales with your budget, proposed deposit and intended ownership costs. The team can outline available options from its lender panel, subject to status, income and lender criteria. Read every agreement carefully before signing it.