If you do not have the finances for your project, or if you prefer to opt for a financing plan to spread your purchase over several months or years, there are basically two solutions: credit or leasing.
A leasing consists of “renting” your boat over time. The price will depend mainly on the interest rate, and the value of the vehicle as well as the contract duration. If the leasing is a interesting long-term solution, you should also consider that:
The boat loan is consists to borrow money from a bank in order to buy your boat. The cost of a boat loan will mainly depend on the rate and the loan duration. A credit, compared to leasing, offers the following services:
In general, the cost is hard to evaluade. Indeed, it mainly depends on the type of contract established. However, you can consider that a 50,000 Chf boat loan over 24 months will cost a total of 5’110 interest with a 9.95% rate.
Future boat owners often forget maintenance costs. It is considered that, on average, the maintenance costs for a boat will be of 10% of the total value. For example, a 50’000 Chf boat will generate a maintenance cost of 420 Chf / month.
For example, a 50,000 Chf boat paid with a 5 years loan (with a low rate of 9.95%) will cost montly:
Article written by CreditLoan – the loan specialist in Switzerland (www.creditloan.ch).