What are the shortest and longest terms Azura Capital offers?
How much money will the lender require for a down payment? Lenders typically require 10-20% down, however smaller down payments are possible depending on the finance amount and the buyer’s credit history. Your down payment can include any equity that you may have in a boat you are trading in for your new purchase. Am I able to place the boat in a corporation or a trust? Yes. These loans do require a personal guarantor and the lender will also require some documents regarding the corporation or the trust. What information will Azura Capital request from me? In addition to your loan application, Boat Test Finance will ask you about the type of boat you wish to buy, the amount of down payment you prefer to make, and the amount you want to finance. If you have a Purchase Agreement, we will ask you to fax it to us. Will I have to provide verification of my income? Only if the lender specifically requires it. Once again, this depends on your credit history, the collateral and the amount fina
