Yes, we can buy vessels with outstanding finance. The outstanding balance will be paid by us, directly to your finance company. When we collect the boat; we’ll pay your finance company there and then. The remaining balance will be paid into your bank account. This means your finance will be paid off and you’ll have the money for your boat instantly. If you can ask your finance company for a settlement letter or figure beforehand, the whole process will be even quicker.
If you owe more money on your boat than the finance settlement figure (your boats. valuation is less than the settlement amount) then all you’ll need to do is pay us the difference by debit or credit card, which you’ll be able to do when we come to inspect and collect the vessel.
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