Boat
Finance UK
When
it comes to buying a boat there are similarities
with the basic principles of house buying and
indeed there are differences. Unlike a house,
which generally is bought in order to provide
you or at least somebody with a place to live,
boats are bought for a whole variety of reasons.
A boat can be a dwelling, a business craft or
an object of simple pleasure and indulgence.
The
big difference between a boat and a house, when
it comes down to economics, is that the boat will
usually depreciate in value as it ages whilst
bricks and mortar usually, although not always,
represents an investment for the long-term future.
Of
course that does not mean that buying a boat may
not be expensive. A small vessel may cost as little
as a couple of thousand pounds but a larger one
can be an enormous financial commitment. Frequently
a buyer may find himself or herself in need of
some help to make the purchase possible.
In
the United Kingdom there are essentially two ways
of obtaining boat finance.
