Thinking about buying a boat, but unsure how to finance it? Whether you’ve got your eye on a brand-new offshore rig or a well-kept used runabout, securing the right marine finance can make your dream boat more accessible than you think. At Challenge Marine, we partner with finance expert Steve Townsend from Best Loans to help you find the best path forward — without the confusion.
Why Finance Your Boat?
Paying upfront isn’t always the most practical choice — especially when a tailored loan can get you on the water sooner while preserving your cash flow. Marine finance allows you to spread the cost over time, with flexible terms and competitive rates that suit your lifestyle and budget.
It’s not just for big, flashy cruisers either. Whether you’re buying a sub-$60K trailer boat or investing in a premium Offshore Boats NZ vessel, finance can help you buy smarter and sooner.
New or Used — It Doesn’t Matter
Many people think marine finance is only available for new boats, but that’s not the case. Used boats can be financed too, provided they meet basic eligibility criteria (such as age and condition). At Challenge Marine, we regularly help customers secure loans for quality used boats we’ve inspected and prepared in-house — making the process simpler and safer.
What to Expect When Applying
Our in-house finance process is quick and transparent. Steve will walk you through:
- Loan options and interest rates
- Repayment terms that suit your income
- What you’ll need to supply (ID, income proof, and boat details)
- Pre-approval so you can shop with confidence
We’ll also help bundle insurance through Club Marine and assist with trade-ins or consignment sales if you’re upgrading.
Let Us Do the Legwork
Challenge Marine takes the guesswork out of marine finance. With expert advice, trusted lenders, and personalised support, we’ll help you find a loan that fits — so you can focus on what really matters: getting out on the water.
Ready to explore your boat finance options?
Talk to our team or contact Steve Townsend at Best Loans. Your next adventure might be closer than you think.