Jet Skis, Sea Doo and Waverunners are extremely popular but with prices ranging from $5,000 to $20,000+ most buyers will require a loan for their purchase. Good news - loans are available for the purchase of all popular brands of personal watercraft – Kawasaki Jet Skis, Sea Doo and Yamaha Waverunner. But where you source your loan can affect what you pay.

Some banks and lenders may not offer specific loans for jet skis and you may be offered a more generic loan type which is priced higher than you can achieve elsewhere for a specific jet ski loan.

Finance offered by dealers may have hidden costs that are not obvious. Dealers may be receiving commissions for signing up finance deals when selling jet skis. It’s tempting to sign up to their loan offer to quicken the purchase process, but it could cost you in the long term.

An independent finance broker, that is not associated with a bank, a finance company or a jet ski manufacturer is ideally positioned to source you a cheap jet ski loan. A professional broker with expertise in boat finance will have access to lenders that do offer loans specifically for jet skis and are priced accordingly.

As an independent operator, the broker will be working in your interests only and will cover off on their large lender panel to source the best loan to meet your requirements.

Finance broker services are available for both individuals seeking a personal jet ski loan and businesses seeking commercial jet ski finance. Some jet ski and boat dealers may refer you to a finance broker, which is different from referring you to, or offering you, finance from a finance company.

Loan Types


Personal Jet Ski Loans include:

  • Secured Jet Ski Loan: the lender uses the jet ski as security against the loan; the interest rate is fixed; monthly repayments and loan term are fixed; extra payments are permitted; if the loan is finalised before the conclusion of the loan term, minimal break fees apply.
  • Unsecured Personal Loan: no security is offered so this type of loan is usually priced higher than a secured loan with a higher, variable interest rate; the loan term and repayments are fixed; extra payments are permitted; no break fees apply if loan finalised early.

For businesses purchasing jet skis to use in their business, ie for hire, rental or other purposes, the commercial finance products include:

  • Chattel Mortgage
  • Jet Ski Leasing
  • Jet Ski Commercial Hire Purchase

When using the services of a finance broker, jet ski loans can be tailored to suit your individual requirements. This can be particularly important for businesses acquiring a significant number of jet skis for a hire fleet and needing to work repayments into their cash flow. It can be equally important for individuals planning their budgets.

When looking for the cheapest and best jet ski loan is can be who you know as much as what you know.

We know brokers that specialise in jet ski finance and can provide you with their details, on request. Contact us if you would like the contact.