Lease with Option to Buy (LOA) or LEASING

15/02/2021

How to finance the purchase of a boat?

Despite the end of the reduced VAT rate on pleasure boats, since November 1st decided by the State, LOA remains an effective financing method to acquire your vessel and enjoy the pleasures of sailing.


Here are the steps:
 

⇒ You choose a boat, sailboat, rigid inflatable boat, hull, open...
⇒ The leasing company handles the payment
⇒ The credit institution, owner, leases the asset to you during the period set out in the contract
⇒ At the end of the contract, you become the owner by exercising the purchase option.

Euronautic at Port Camargue - Grau-du-Roi (30), in collaboration with its partners, offers you assistance to provide the best solutions and a customized leasing.
 

What is LOA?

Lease with Option to Buy (LOA) or leasing of pleasure boats is a financing contract^* concluded between you and a credit institution.

LOA allows you to finance your future new boat (or used if still subject to VAT at the time of purchase and eligible for LOA): rigid inflatable, hull, multihull, dinghy, sailboat...). You can even include the equipment of the vessel (fishfinder, VHF, dinghies, sails...) or any other gear and insure it with the lessor (packages are available for this purpose).

Euronautic located at Port Camargue (has teamed up with credit companies specialized in nautical financing that are trustworthy to fully satisfy you from the start of your project to the handover of the keys.

For a precise example, if you choose as credit institution the CGI Company, and your purchase concerns a new boat between €10,500 and €400,000, a very interesting LOCASSURANCE package is offered so that you, your family, and friends can sail with peace of mind!
 

This exclusivity* includes the following services:

* according to the chosen offer and within the limits and conditions provided in your contract.
 

I WANT A SIMULATION!

What does a LOA Boat contract cost me?

 
The review of your file (apart from the requested documents) is based on:
 

⇒ Purchase price of the boat and equipment
⇒ The rental period (generally) between 4 and 15 years
⇒ The purchase option at the end of the contract (unless you opt for a package)
⇒ Applicable rates regulations
⇒ Your personal contribution paid as an increased first installment
⇒ Insurance guarantees with a company of your choice 

Subject to acceptance by credit institutions, your leasing contract (LOA) remains flexible, both upwards and downwards, adaptable to early partial payments, evolutive: integration of new equipment and transferable to the buyer if you decide to sell your boat.
 

With this contract, am I the owner of my boat?

The credit institution buys the vessel, so you remain the tenant of the asset until the end of the contract. This status provides significant advantages: no impact on your taxation, the vessel is not accounted for in your assets, and you preserve your savings.

To become the owner, you can therefore if you wish exercise the purchase option at the end of the rental period or settle the remaining rents early (conditions described in the contract). From then on, your boat will be part of your assets.

You understand, so that your dream becomes reality, the Lease with Option to Buy contract is an interesting solution to finance your next new motorboat.

Many boaters choose this solution. Why not you?

Because you remain our main concern Euronautic at Port Camargue (30) is fully attentive and at your disposal to advise you, support you, best respond to your needs, and successfully carry out your project.
 

Come visit us in our showroom at Port Camargue 30240 Le Grau-du-Roi to discuss it.
 

CONTACT US!

* Credit involves commitment and must be repaid. Check your repayment capacity before committing.