27/04/2024
Despite the end of the reduced VAT rate on pleasure boats, since November 1st as decided by the State, LOA remains an effective financing method to acquire your vessel and enjoy the joys of sailing.
Here are the steps:
⇒ You choose a boat, sailboat, semi-rigid, hull, open...
⇒ The leasing company handles the payment
⇒ The credit institution, the owner, rents the asset to you during the period fixed in the contract
⇒ At the end of the contract, you become the owner by exercising the purchase option.
Euronautic in Port Camarge - Grau-du-Roi (30), in collaboration with its partners, offers you assistance to provide the best solutions and a tailor-made leasing.
What is LOA?
Lease with Purchase Option (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 it is still subject to VAT at the time of purchase and eligible for LOA): semi-rigid, hull, multihull, dinghy, sailboat...). You can even add equipment of the vessel (fishfinder, VHF, dinghies, sails…) or any other equipment and insure it with the lessor (packages are available for this purpose).
Euronautic located in Port Camargue (has partnered with credit companies specialized in nautical financing and trustworthy to fully satisfy you from the start of your project to the handing over of the keys.
For a precise example, if you choose the CGI Company as the credit institution, 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 total peace of mind!
This exclusivity* includes the following services:
* according to the chosen offer and within the limits and conditions provided in your contract.
The review of your file (except for requested documents) is carried out according to:
⇒ Purchase price of the boat and equipment
⇒ Rental duration (usually) between 4 and 15 years
⇒ Purchase option at the end of the contract (unless you choose a package)
⇒ Current rate regulations
⇒ Your personal down payment paid as an increased first rent
⇒ Insurance guarantees with a company of your choice
Subject to acceptance by credit institutions, your leasing (LOA) contract remains flexible, both upwards and downwards, adaptable partial early payments, evolving: integration of new equipment and transferable to the buyer if you decide to sell your boat.
The credit company buys the vessel, so you remain the lessee of the asset until the end of the contract. This status offers significant advantages: no impact on your taxation, the vessel is not recorded in your assets and you preserve your savings.
To become owner, you can if you wish exercise the purchase option at the end of the rental period or pay off the remaining rents early (conditions described in the contract). Then, your vessel will enter into your assets.
You understood, so that your dream becomes reality, the Lease with Purchase Option contract is an interesting solution to finance your next new motorboat.
Many boaters choose this solution. Why not you?
Because you remain our major concern, Euronautic in Port Camargue (30) is fully attentive and available to advise you, accompany you, respond as best as possible to your expectations and successfully carry out your project.
Come visit us in our showroom in Port Camargue 30240 Le Grau-du-Roi to discuss.
* A loan commits you and must be repaid. Check your repayment capabilities before committing.
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