Fast and hassle-free
to your dream boat
Why finance?
A 20 foot boat or 60 foot boat: a boat purchase is maybe not absolutely necessary. But, your dream boat is certainly wonderful! A boat can bring family and friends together. A boat carries you to far away countries. A boat frees you from the daily grind and transports you to another world. A boat can be a piece of sports equipment or a home away from home. Doesn’t water have magical attraction? So a boat is necessary, isn’t it!
Here are some good reasons to choose finance:
- Life planning: You can afford your dream yacht now. Instead of saving money for many years, you can enjoy your new boat immediately.
- Boat choice: A yacht purchase is like a shoe purchase; it must fit perfectly! With us you can choose the boat which matches your individual needs in term of size and equipment.
What is financed?
Boats
- Types: SGB Finance and CGI Finance finance boats and yachts (motor yachts and sailing yachts) from the pleasure boat sector; one-offs and prototypes are unfortunately excluded.
- Age of boats: SGB Finance und CGI Finance finance used boats up to 30 years of age. Boat age and contract term should not exceed more than 35 years (exceptions possible on special demand).
- Further partners of go boating: We are happy to work with further partners and banks of our network. This also applies if your enquiry does not comply with the above mentioned rules regarding type and age.
Countries
- CGI – and SGB Finance: CGI Finance and SGB Finance finance boats for go boating clients in Germany. Europe wide, CGI Finance and SGB Finance also finances clients from France, Italy, Portugal and Spain. Additionally, CGI Finance also finance clients from the UK.
- Other financial institutions: We also have close connections with other financial institutions allowing us to propose finance to clients in other countries including Austria, the Netherlands, Scandinavia and Switzerland.
Flags and Legal Systems
- German clients: These clients will be offered loan contracts under German law.
- Flags: Generally registries in France, Germany, Italy, Spain and the UK are possible (exceptions on special demand).
- Legal systems: CGI Finance and SGB Finance provide contracts according to French, German, Italian or Spanish law depending upon the fiscal residence of the clients. Additionally, CGI Finance provides also contracts according to English law.
Credit
A loan is the easiest way to get you on the water. The following conditions apply for consumers:
Transparent and flexible
Water is our element. This is why we promote financial solutions which are both transparent and fluid. CGI Finance and SGB Finance offer loans with down-payments starting at 30 % of the purchase price and durations ranging from 3 to 15 years. Thus the loan can be tailor-made for your individual requirements. In exceptional cases, a 20 % down-payment is also sufficient.
Also throughout the loan term you stay flexible. On request a reduction of the monthly rate is possible given a renewed credit check or after a partial loan repayment. Partial loan repayments and an early termination of the loan are possible at any time, for a small early repayment fee: the additional costs amount to only 1% of the paid off sum. Since consumers may terminate the contract on request at any moment, we advise you to consider long duration loans. This will keep the monthly charge low thus allowing you to invest less capital in your boat.
By the way: our services are free of charge. There are no additional administration fees.
Your specialist for marine financing
We appreciate the value of your boat! In most cases, the boat is the only security required. No further collateral needs to be provided for the loan. Our appreciation extends to your used boat, too. If you want to trade in your old boat with your dealer, you can use its value as part of your down-payment.
Suitable solutions for business
You want to buy a charter yacht and to register a business? Then you will want a flexible loan. CGI Finance and SCG Finance can propose suitable solutions for you, even if you are not regarded as a consumer: minimum down-payment of 30 %, up to 7 year loans, favorable conditions and flexibility throughout the loan term.
Please don’t hesitate to contact us!
French Leasing
In addition to the possibility of financing your yacht with a classic boat loan, we also offer French leasing.
Requirements
- Yacht to be delivered in France [1]
- VAT of the yacht to be identifiable [2]
- Your yacht is technically [3] and at a berth [4] ready to leave EU waters
- The lessee is not a company; the seller of the yacht is a yacht company [5]
Advantages
- VAT advantage: 0 % VAT on the leasing instalments for the verifiable time spent outside EU waters [6]
- Flexible adaptation of leasing to your travel plans [7]
- German law and German flag [8]
- Term of 4 to 12 years and a minimum down payment of 30 % of the purchase price [9]; Purchase price of maximum EUR 4 million.
- Yacht is considered fully EU taxed from the outset
We would be happy to create individual sample invoices for you. We would be happy to advise you, please contact us.
Supplementary notes
[1] Delivery in the case of French leasing: the delivery in France must primarily take place before the payment is made. In this respect, a precise agreement with the seller is important. According to the applicable German VAT Act (UStG) (cf. §3a (3) 2. 4. sentence of UStG): For long-term rentals of recreational vessels by EU consumers, French VAT is calculated on the leasing instalments if the boat is made available to the lessee in France; provided that the lessor also has its registered office or permanent address in France. In the case of CGI Finance and SGB Finance (located in Lille, France), the respective French VAT rate is generally applied.
[2] Boat types for French leasing: as a rule, only new boats are financed with French leasing. Exceptions may be charter fleet yachts. In any case, the VAT benefit must still be of interest to the lessee.
[3] Boat condition for French leasing: the yacht must be seaworthy. The CE certification rating must be A or B. The appropriate equipment (e.g. life raft) must also be on board.
[4] French lease berth: coastal area allowing departure from EU waters at any time. These berths also include the German side of Lake Constance (opposite Switzerland).
[5] Sellers for French leasing: private sellers are excluded.
[6] Reversal of the burden of proof for French leasing: the lessee proves that the vessel has left EU waters. Duration spent outside the EU is charged with 0% VAT on the leasing instalments. Within the EU, the complete French VAT applies.
[7] Flexibility of French leasing: spending winter in Turkey? A season in the Canary Islands? England bound? Leasing adapted conveniently and at low cost. It is sufficient to provide the lessor with a corresponding statement of the time spent outside the EU once a year.
[8] Legal nature of French leasing: for German consumers, the leasing contract is based on German consumer law. The home port is Hamburg.
[9] Advance payment for French leasing: the advance payment technically counts as the first rent. If the ship leaves the EU immediately after delivery of the yacht, the VAT will be 0%.
Dutch Yacht Financing
Dutch yacht financing differs from financing for customers from Germany. For our customers from the Netherlands we offer loans for the financing of boats and yachts under the following conditions:
- Dutch law and Dutch flag
- Contract language and correspondence must be in English
- Conditions: term of 4 to 12 years and a minimum down payment of 30 % of the purchase price; Maximum purchase price of EUR 4 million; Our loan calculator is at your disposal.
- For yachts from EUR 150,000 purchase price: credit protection through ship mortgage with entry in the NL cadastre [1]; the borrower bears the costs.
- For yachts under EUR 150,000 purchase price: credit protection via lien.
Contact us, we look forward to advising you!
Supplementary notes
[1] NL-Shipsclosing: The registration of the yacht and mortgage is carried out by a Dutch notary who first checks all documents relevant to the purchase and then forwards the loan amount to the seller. We at Go Boating will be happy to provide you with details on request.
The Financing Procedure
A step-by-step guide to your acquisition of your dream boat.
Step 1: Sample Quote
You or your dealer create a personalized sample quote through our online calculator or request one through our contact form. If you contact us via email or telephone, we are happy to assist in this matter.
Step 2: Credit Check
The credit assessment starts as soon as you decide on a suitable sample quote and you send us the necessary documents. The credit decision by the finance company should only take a couple of days assuming all information is available to them.
Step 3: Conclusion of the Contract
You will receive your contractual documents shortly after your financing request has been approved by the finance company. Please send the signed documents back to us via e-mail and via mail in their original form. You will then receive an acceptance e-mail from the finance company concluding the contract.
Step 4: Payment
The finance company will then disburse the financed sum after the cancellation period of 14 days has elapsed, subject to receipt of all necessary documents.
Step 5: Security and Boat Registration
Your loan will be secured by either a mortgage or a transfer of property. New boats costing more than € 150,000 as well as all used boats will need to be registered in the Hamburg Ship Registry by our partner – Uhsadel Rechtsanwälte.
Step 6: Flexibility of the Contract
A loan enables you to adjust your monthly payments or make partial or full loan repayments at any time. The maximum fee for consumers when repaying their loan early is 1 % of the amount repaid.
Step 7: End of Financing
At your request, the credit contract can be cancelled very easily. The maximum fee for consumers will be 1 % of the outstanding credit sum. At the end of the term of contract for a credit with transfer of property, the financed boat will become your property.