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.

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