Jetski Loans Australia :: Articles

4 Ways To Finance Your Jet Ski

4 Ways To Finance Your Jet Ski

4 Ways To Finance Your Jet Ski
Jet skiing is a thrilling watersport that has become increasingly popular in recent years. If you’re thinking of purchasing a jet ski, you may be wondering how to finance your purchase. There are a few different ways to finance a jet ski, and the best option for you will depend on your individual circumstances.

In this article, we will explore three different ways to finance your jet ski purchase. We will discuss secured finance, unsecured finance, and paying cash for your jet ski. By the end of this article, you will have a better understanding of the best way for you to finance your jet ski purchase.

Buy a Jet Ski with your own money

One of the best ways to finance your jet ski is to save up the money to pay for it outright. If you haven't already accumulated enough savings, you may need more time, but it will be worth it in the end.

When you have enough money saved, you can pay cash for your Jet Ski - putting you in a better negotiating position with the vendor.

Need Finance for a Jet Ski?
Image for Need Finance for a Jet Ski?If you're thinking about buying a Jet Ski, we have you covered. Find out how much you can afford to borrow with our free online Jet Ski Loan Repayment Calculator, then get a free online eligibility assessment (without impacting your credit file) and compare multiple loan offers from a selection of Australia's leading and best-known marine finance specialists.

Paying cash also means that you are not paying interest or other loan-related charges over the life of your jet ski.

There are a few different ways to save up money for your jet ski.

  • You could start by creating a budget and making sure you have enough money left over each month to put towards your jet ski fund.
  • You could also look for ways to make extra money, such as picking up a part-time job or selling unwanted items.

Once you have saved up enough money, you will be able to pay for your jet ski outright and will not have to worry about interest rates or making payments each month.

Buy a Jet Ski on finance

If you don’t have the cash to pay for your jet ski outright right now, you may need to look for a loan. There are a couple of options here:

Secured Jet Ski Loans:

With a secured loan, you’ll be required to put up collateral, such as another piece of recreational equipment, to secure the loan. This type of loan often has a lower interest rate, but you could lose your collateral if you can’t make your payments.

Unsecured Loans to Buy a Jet Ski:

With an unsecured loan, you won’t have to put up any collateral. However, you may be required to have a higher credit score to qualify and the interest rates will likely be higher than with a secured loan.

Buy a Jet Ski Using Your Home Equity:

Accessing your home equity can be achieved in a number of ways ... by using your mortgage redraw account (if you have one) or getting a home equity loan. Interest rates on loans that use your home as security are typically lower than other secured and unsecured loans.

A specialist Jet Ski Finance Broker can help you find the best loan solution if you want to buy a Jet Ski on finance, even if you have poor credit. A broker can also arrange a pre-approval letter, giving you much of the negotiating power of shopping with cash.

Another, less favourable option, is to get a loan through the dealership. The dealership may have relationships with lenders that can help you get financing for your jet ski. However their access to lenders will be more limited than a broker and the interest rates usually higher. The dealership's priority will typically lean more toward getting you approved quickly than finding you a loan the best rates & options. They are in the business of selling Jet Skis, not finance broking.

Use a credit card to buy a Jet Ski

If you are buying through a dealer and you have good credit, you may be able to finance your jet ski purchase with a credit card. This can be a good option if you don’t want to take out a loan or if you want to take advantage of rewards programs.

Just be sure that you can afford the monthly payments and that you pay off the balance as soon as possible to avoid interest charges. Interest rates on credit cards are considerably higher than other ways of financing a Jet Ski.

The "hybrid" solution

You can, of course, use more than one of the above methods to finance a Jet Ski purchase.

For example, if you have some savings, but not enough to buy the Jet Ski that you want right now, you could use your savings as a downpayment ... and finance the balance with a secured or unsecured loan ... or by credit card. This would cost you much less in interest charges than financing the total amount and would mean that you could buy a Jet Ski now - as opposed to waiting until your savings had grown enough. Making a downpayment also makes it easier to get a loan because it reduces the lender's risk.

Another example would be using a credit card for the downpayment and a secured Jet Ski loan to finance the balance. Whilst this may potentially be more expensive than a "no money down" or "0% deposit" Jet Ski loan, it may make it easier to qualify for the secured loan because you have made a downpayment.

In conclusion

Purchasing a jet ski is a significant financial decision. There are a few different ways to finance your jet ski, and the best option for you will depend on your individual circumstances. Be sure to do your research and compare your options before making a decision. Talk to a specialist Jet Ski finance broker ... he/she does this every day.

Published: Friday, 30th Sep 2022
Author: Paige Estritori


Jet Ski Loans Articles

Beyond the Purchase Price: Unexpected Costs of Owning a Jet Ski Beyond the Purchase Price: Unexpected Costs of Owning a Jet Ski
Welcome to our deep dive into the unexpected costs of owning a jet ski. While the thrill of skimming across the water on a sunny day is undeniable, it's important to be aware of the hidden expenses that come with owning such a high-adrenaline watercraft. - read more
Your Guide to Quick Approval Jetski Loans Your Guide to Quick Approval Jetski Loans
Welcome to our guide on jetski loans! Whether you're a thrill-seeker or simply love spending time on the water, owning a jetski can be an exciting adventure. - read more
Jet Ski Maintenance: How to Keep Your Jet Ski Running Smoothly Jet Ski Maintenance: How to Keep Your Jet Ski Running Smoothly
Jet skiing is one of the most exhilarating water sports out there and owning a Jet Ski can be incredibly exciting. However, along with the excitement comes the responsibility of ensuring that your Jet Ski is well-maintained. Jet Ski maintenance is important for many reasons, and in this article, we will explore the reasons behind why it should be a top priority for any Jet Ski owner. - read more
Jet Skiing with Kids: Safety Guidelines Every Parent Should Know Jet Skiing with Kids: Safety Guidelines Every Parent Should Know
Jet skiing can be a fun and exhilarating activity for families, but safety should always be a top priority, especially when children are involved. In Australia, there have been numerous jet skiing accidents involving children, with some resulting in serious injuries or even fatalities. It is important for parents to be aware of the potential risks and to take appropriate safety measures to protect their children when jet skiing. - read more
Jetski Essentials: The Safety Must-Haves for Every Aussie Rider Jetski Essentials: The Safety Must-Haves for Every Aussie Rider
Safety on the water is paramount, and as thrilling as jet skiing can be, it is essential to recognize the risks involved and the importance of being well-prepared. When we talk about jetski safety, it isn't just about compliance with laws and regulations—it's about ensuring that every ride is as safe as it is enjoyable. Understanding the importance of safety on the water is the first step to becoming a responsible jetski operator. - read more
7 Reasons Why Jet Skis Are The Best Way To Enjoy The Water 7 Reasons Why Jet Skis Are The Best Way To Enjoy The Water
In this article, we'll explore 7 reasons why jet skis are the best way to enjoy the water. From the ability to explore new areas to the thrill of the ride, jet skis offer a unique and exciting experience that everyone should try at least once. So, what are you waiting for? Grab a life jacket and let's get started! - read more
Tips for Finding Affordable Jetski Financing in Australia Tips for Finding Affordable Jetski Financing in Australia
Welcome to our comprehensive guide on jetski financing in Australia. If you're dreaming of cutting through the waves on a shiny new jetski, you're not alone. Jetskis have seen a growing popularity in Australia, offering thrilling adventures and unforgettable moments on the water. - read more
Navigating Your Jet Ski Loan Options: Expert Advice for Watersport Enthusiasts Navigating Your Jet Ski Loan Options: Expert Advice for Watersport Enthusiasts
Embarking on the watersport lifestyle can be a thrilling experience, but jet skis, with their cutting-edge features and high-performance capabilities, come with a price tag to match. For many enthusiasts, financing is a practical method to spread out the cost of a jet ski purchase over time, making it more accessible and manageable. - read more
Exploring Personal Loans vs. Dealership Financing for Jetskis Exploring Personal Loans vs. Dealership Financing for Jetskis
When considering the purchase of a jetski, two popular financing avenues stand out: personal loans and dealership financing. Each offers unique benefits and potential drawbacks, and understanding these options can help you make an informed decision. - read more
Your Guide to Quick Approval Jetski Loans Your Guide to Quick Approval Jetski Loans
Welcome to our guide on jetski loans! Whether you're a thrill-seeker or simply love spending time on the water, owning a jetski can be an exciting adventure. - read more

Finance News

Overseas Investors Target Australian Real Estate Debt Overseas Investors Target Australian Real Estate Debt
13 Jun 2025: Paige Estritori

The Australian commercial real estate debt market is garnering attention from international investors, with the Canada Pension Plan Investment Board (CPP Investments) making significant inroads. In partnership with Nuveen, a global asset manager, a substantial investment strategy targeting Australian real estate debt has closed its second round. The total commitment exceeded $650 million, with CPP Investments contributing $300 million through their CPPIB Credit Investments Inc. - read more
ASIC Cracks Down on Risky Financial Influences ASIC Cracks Down on Risky Financial Influences
12 Jun 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has issued warnings to 18 social media influencers actively promoting high-risk financial products without the necessary licence. The move is part of a broader initiative to curb unlicensed financial advice in the online sphere, where influencers often lure young audiences with glamorous lifestyles while dispensing questionable investment tips. ASIC has identified these so-called 'finfluencers' as operating in breech of the Corporations Act by promoting complex financial products like derivatives without proper authorisation. - read more
ASIC Introduces 2-Year Fast-Track IPO Trial to Boost Market Appeal ASIC Introduces 2-Year Fast-Track IPO Trial to Boost Market Appeal
11 Jun 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has responded to stakeholder feedback by initiating a two-year trial of a fast-track process for Initial Public Offerings (IPOs). This initiative aims to address the decline in Australian IPOs and the number of public companies by making the IPO process more efficient. - read more
Intergenerational Wealth Transfer: A Prime Opportunity for Australian Advisers Intergenerational Wealth Transfer: A Prime Opportunity for Australian Advisers
11 Jun 2025: Paige Estritori

Recent findings from EY's Global Wealth Research report highlight a significant opportunity for financial advisers in Australia as a large-scale intergenerational wealth transfer looms. With only 35% of Australians planning to retain their inherited assets in their existing forms, there is a noticeable shift towards diversification, with 51% intending to spread their investments across various asset classes. This trend opens the door for advisers to engage deeply with new inheritors, ensuring client retention across generations. - read more
RBA Poised for July Rate Cut Amid Economic Slowdown RBA Poised for July Rate Cut Amid Economic Slowdown
11 Jun 2025: Paige Estritori

The Reserve Bank of Australia (RBA) is widely expected to cut the official cash rate (OCR) at its upcoming July meeting. According to Westpac, the probability of this decision has reached an overwhelming 97% in financial markets. - read more

START HERE.

Loan Amount:
Postcode:

Knowledgebase
Certificate of Deposit (CD):
A savings certificate with a fixed maturity date and specified interest rate, typically higher than a standard savings account.


Quick Links: | Jetski Loan Rates | Jetski Loan Brokers | Jetski Loan Calculators | Jetski Loan Quote