Finance
There are many ways of financing a second-hand boat.
1 - Credit.
This is the most common scenario for transactions between individuals. As for a fixed asset, do not hesitate to appeal to several financing organisations so as to be able to compare the offers you receive.
2 - Leasing.
Under certain conditions, the financing organisation will purchase the boat and lease it to you, hence the term Hire Purchase Option. The leasing principle lies in the fact that the financing organisation will apply a reduced VAT rate on your monthly rentals. Within the framework of transactions between individuals, the most common scenario is to sell or buy a boat which is already financed under a leasing arrangement, and to request to the financial organisation to change the leaseholder.