Woman walking on boat

Representative Example

Currency
?
Cost of boat
£
Deposit (cash/part ex)
%  £
Age of the boat
Years
Term of loan
Years
 
Fixed rate:
Variable rate:

Balance to finance:

Fixed rate: £391,300.00
Variable rate: £391,300.00

Loan Duration:

Fixed rate: 5 Years
Variable rate: 5 Years

Instalments:

Fixed rate: 60 X Monthly payments of £8,048.88
Variable rate: 20 X Quarterly payments of £24,459.22

Total fees (estimated):

Fixed rate: £1,043.00
Variable rate: £1,043.00

Rate indicative:

Fixed rate: 8.61%
Variable rate: Libor 3M+7.68% = 8.91%

APR indicative:

Fixed rate: 9.08%
Variable rate: 9.33%

Indicative total costs (inc deposit):

Fixed rate: £651,675.79
Variable rate: £657,927.32