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04-03-2009

Buying a boat whether large or small is a major investment to make, so, the manner in which you do that and with whom you decide to fund your purchase deserves due consideration.

Boat lending is broken into two main areas - finance for commercial use and finance for personal use.

Credit providers give you immediate use of the vessel you choose in exchange for regular repayments made over an agreed period of time, after the final payment has been made clear title passes to you.

In general, some of the features you can expect with your finance contract are:

[if !supportLists] Payments will be structured to suit your budget and or needs.
Finance terms - range from 1 year to 5 years.
Fixed repayments allow for your budgeting needs and protect you against interest rate fluctuations.
A deposit is generally not required. Alternatively if a deposit is made then a reduction in repayments, interest and term will be the major benefits.
If your boat is to be used for business purposes you may qualify to claim part of the interest and depreciation as a tax deduction.
Equity in your marine purchase can be increased, by making additional payments.
Direct debiting of your monthly repayments can be arranged.
Funding can be agreed to in advance giving you the ability to negotiate from a position of strength.
According to Boat Finance Australia's Peter Hall, marine finance is designed to take the work out of applying for a loan. For example, you may apply directly to Boat Finance Australia through any of its selected marine dealers, or online. The company will also assist in insurance needs and finance for boats and bikes as well.

How much should you borrow?

As with buying a house or a car, most people need to organise finance to buy a boat. But before buying a boat, you need to establish your budget!

This should be 80-90% of the money you have set aside to buy a boat. The remaining 10-20% will help fund the boat's maintenance, mooring or storage fees, registration and safety and ancillary gear. The balance will dictate how big you can go.

The mean average price for a boat is around $20,000, yet as little as $3000 can get you started. With $3000 you can buy a good second-hand aluminium dinghy with a 6hp outboard motor and trailer. While fibreglass boats offer great ride comfort, aluminium shines in the minds of many operators because it requires less maintenance. You can park an aluminium boat outdoors and do nothing more than hose the redbacks out before you head out on that perfect summer's day. You can hitch-it-up behind the family car, slip it in the drink on your own, snag dinner on the end of a line, cruise for views on calm water, and drag the dinghy ashore for a picnic somewhere.

In the realms of powerboating, an aluminium runabout is the closest thing you can get to a satisfaction guarantee.

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04-03-2009

Developments in electronics, material and battery technology have dramatically improved the potential of electric drives in recent years. Currently, Torqeedo motors are the only outboards on the market that focus on these new technologies and fully exploit the potential of today’s electric drives.
1st advantage: superior technologies
Torqeedo motors are brushless, electronically controlled
and use modern materials and designs. Thus, our motors
offer 24 times the torque of conventional electric motors.

Depending on the application, our lithium-manganese batteries have 8 times the energy density of conventional lead acid, lead gel or AGM.

2nd advantage: double overall efficiency = double range
No other outboard manufacturer in the world transforms the energy available as efficiently into propulsion as Torqeedo.
With Torqeedo, approximately 44% of the energy stored in the battery transforms into propulsive power.


In comparison this is approximately 20% from conventional electric outboards, a Torqeedo outboard practically reaches double the range from one battery bank.

And in comparison to petrol outboards, the advantage is even greater: in lower power classes those petrol outboards lose approximately 75% of the shaft power just in the propeller.

3rd advantage: the combination of power and responsibility
There are several reasons why Torqeedo outboards are environmentally friendly.

One reason is that they convert the energy available nine times more efficiently into propulsion than petrol outboards of the same power class.

Another reason is that they do not develop any emissions or oil losses.

According to the Australian Department of the Environment, modern 4-stroke outboards pollute nature to the same extent as 50 cars (both traveling the same distance).

An old 2-stroke outboard is even comparable to 500 cars.

TORQEEDO Travel 801

The most powerful 24 V outboard on
the market

Motor types are comparable with up to 2 horsepower petrol outboards. For boats up to 1.5 tons


TORQEEDO CRUISE

Ultra-light, foldable, powerful – the revolutionary outboard with integrated lithium-manganese battery

With the thrust of a 6 horsepower petrol outboard. For boats up to 3 ton.


PLATINUM MARINE SALES offers several TORQEEDO outboard options in the Cruise, Travel and Base Travel electric motor series.

Call 07 5502 3855 or visit www.platinummarine.com.au

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