Jet Ski Loan Repayments Calculator

Name: Jet Ski Loan Repayment Calculator
Creator: Savvy
Published: 2020-12-26T00:16:46+10:30

Home > Leisure Loans > Jet Ski Loan Repayment Calculator

Written by , updated on October 22nd, 2024

Before you apply for jet ski finance, it’s important to know how much your loan is likely to cost you. This is where Savvy’s easy-to-use calculator, which does all of the difficult maths for you, comes into play. You can find out what loans cost based on their amount, interest rate, loan term and repayment schedule, as well as whether you want to make a repayment.

When it comes to financing your jet ski, you can find a great deal when you apply with Savvy. We know the ins and outs of jet ski loans and partner with a range of lenders who specialise in leisure finance. We use the competitive nature of the market to drive down interest rates and raise flexibility for all our customers across the country. Get a quote today to get your application up and running and hit the surf in no time.

Loan amount?

How much you need to pay on your leisure loan (not including interest or fees)

Loan term? Interest rate

The amount a lender will charge on top of the loan principal. Default rate is current leisure loan average interest rate.

Your estimated repayments

$98.62

Weekly Fortnightly Monthly

Total interest paid:	$1233.43
Total amount to pay:	$5,143.99

The features of a jet ski loan you can enjoy

Competitive interest rates

You can secure an affordable interest rate with Savvy by comparing the lowest available to you with your consultant and choosing the best fit.

Borrow your jet ski’s full value

Regardless of whether you’ve opted for a cheaper or more lavish jet ski, you can choose to access a loan worth up to 100% of the purchase price.

Repay your loan at your pace

By selecting your loan term, you’ll be able to get your repayments done in as little as 12 months, all the way up to seven years in total.

Buy from a dealer or private seller

It doesn’t matter whether your jet ski is brand-new from a dealer or pre-owned by a private seller: our lenders can approve you for financing.

Fast application and approval process

From the outset of your quick quote, your loan can be given the green light (and jet ski ownership transferred to you) inside just a few days.

Cover additional costs

If you don’t want to pay for all of the purchase’s associated costs, such as stamp duty and insurance, you can arrange for them to be included in your loan.

Fixed interest rates

Because your rate is fixed at the beginning of your loan, you can have more financial certainty and accurately budget around monthly repayments.

Set your own schedule

In addition to choosing your loan term, you have the option whether to repay your loan on a monthly, fortnightly or weekly basis.

Why so many Australians choose Savvy to finance their jet-ski

FBAA-accredited

As a broker with over a decade working in vehicle finance, we’ve earned our trusted reputation by finding the best loans for our customers.

Diverse lenders across Australia

Our flexible lending partners span the country, making it easier for us to organise the finance you need no matter where you live.

Tailored finance solutions

Our dedicated loan consultants select and compare loans based on your individual situation with the help of our advanced matching technology.

What our customers say about their finance experience

Fantastic

Fantastic service

- By Jake Baldacchino 7 hours ago

5/5

Customer Feedback

John was very professional, courteous and patient. He kept us updated regularly, was a very quick and simple process.

- By Anonymous 1 day ago

5/5

Keeping best interest of customers.

Sam was amazing with us, for once someone actually explained past issues with loans, i wish they had my best interest at heart like Sam did! Can't recommend Sam any higher.

- By Brenten de Witte 1 week ago

5/5

Savvy is rated 4.9 for customer satisfaction by 581 customers.

Common jet ski loan queries answered

What types of jet skis am I able to purchase with financing?

We can help you get approved for any type of jet ski, whether it be a performance model, one built for luxury or simply designed for you to have a good time recreationally. Get a quote today to find out your options for your chosen jet ski.

Do I have to pay a deposit or residual on my jet ski loan?

No – these loans come with no obligation to pay a deposit or residual. While the latter are designed more for commercial finance products, deposits can actually be a great help to you by reducing the monthly cost of your loan and cutting down on your overall interest and fee spend. Making a deposit at the beginning of your loan can also provide your lender with incentive to reduce your interest rate, as you’re actively lowering their risk.

Am I able to pay my loan out early for free?

Yes – however, this isn’t the case across the board. While most lenders will allow you to make additional contributions free of charge, early repayment fees are more common (as previously mentioned). If it’s a priority for you to have the flexibility to repay your loan early and not worry about incurring other fees, speak with your Savvy consultant about your preferences.

Should I take out a personal loan to buy my jet ski instead?

You can – but it’s likely to cost a fair bit more. Unsecured personal loans are charged at a higher interest rate than secured jet ski loans, so you’ll probably pay more in interest and fees. However, the advantage these loans have is that you can buy any model of any age that you wish, plus you can distribute the funds in any way you like (rather than restricting them to the purchase of the jet ski like secured loans). They can also be approved and have their funds transferred in as little as 24 hours.

Can I get approved for a jet ski loan with bad credit?

Yes – we’re partnered with lenders who specialise in financing for customers who’ve struggled with their credit in the past. Just because your rating isn’t perfect doesn’t mean that you shouldn’t be able to access a loan to help you buy your next jet ski.