Jet ski finance rates
What's a good interest rate for jet ski finance?
The lowest available jet ski loan interest rate through one of Savvy’s lending partners is 6.48% p.a., as of August 2025. However, the average interest rate customers with good credit get for a jet ski is 12.64% p.a. through Savvy. That’s not to say that you can’t get the lowest rate on your jet ski, of course, but rates aren’t always straightforward.
In practice, there’s a variety of factors that influence the interest rate you’ll be offered on your jet ski loan, though. This means that the best rate available to you might be higher than one person’s or lower than another’s. These factors include:
- Income and salary
- Job stability and employment history
- Credit score and borrowing history
- Jet ski model, age and condition
- Loan amount and term
- Existing property and asset ownership
What types of jet skis can I finance?
We can help you secure finance for a range of jet skis, including:
- Performance
- Recreation
- Sport fishing
- Stand-up
- Tow sport
Secured vs unsecured jet ski finance
When it comes to financing a jet ski, there are two main options: secured and unsecured loans. Secured finance is the most common and involves using the jet ski as collateral for the loan. Because of the added protection for your lender, these loans come with lower interest rates and higher maximum loan amounts. That means that you can usually be approved for any amount up to your borrowing limit.
In contrast, unsecured finance is generally quicker to process and comes with more freedom in how you can use the funds. The jet ski you buy doesn’t have to fit your lender’s requirements. For example, you could buy an old fixer-upper jet ski and use additional funds to consolidate other debts with an unsecured loan. However, if your jet ski does meet your lender’s criteria, taking out a secured loan is usually recommended.
Why apply for a leisure loan with Savvy?
What jet skis are the most popular? Jet ski brands financed through Savvy
The most popular jet ski brands customers financed through Savvy are as follows:
- Yamaha
- Sea-Doo
- Kawasaki
All Savvy statistics are drawn from internal data from 1 January 2023 to 30 June 2025.
Although Yamaha was comfortably the most popular jet ski among Savvy customers over this period, Sea-Doo remains the market leader in Australia when it comes to personal watercrafts. It has held a market share of 75% or more among the big three (along with Yamaha and Kawasaki) for the last four consecutive completed calendar years, according to data sourced by Watercraft Zone. Yamaha’s market share among the three has hovered between 17% and 21% over that period, while Kawasaki’s has gradually dropped from 6% to 3.5%.
Jet ski finance cost breakdown
One big factor when it comes to the cost of your jet ski loan is how much you’re paying for the jet ski itself. The larger your loan, the more you’ll pay in interest overall. You can see this in action in the table below, which is based on loans with five-year terms:
Jet ski finance cost: new vs used
Sea-Doo GTX 170
| Year | Price | Interest rate | Monthly repayment | Overall interest |
|---|---|---|---|---|
| 2022 | $17,900 | 7.95% p.a. | $83 | $3,806 |
| 2025 | $25,099 | 7.45% p.a. | $116 | $4,982 |
|
2022 2025 |
|
$17,900 $25,099 |
|
7.95% p.a. 7.45% p.a. |
|
$83 $116 |
|
$3,806 $4,982 |
Yamaha FX SVHO
| Year | Price | Interest rate | Monthly repayment | Overall interest |
|---|---|---|---|---|
| 2022 | $26,500 | 7.95% p.a. | $124 | $5,635 |
| 2025 | $33,429 | 7.45% p.a. | $154 | $6,635 |
|
2022 2025 |
|
$26,500 $33,429 |
|
7.95% p.a. 7.45% p.a. |
|
$124 $154 |
|
$5,635 $6,635 |
Jet ski model prices obtained from boatsales on 18 August 2025. Interest rates reflective of the minimum rates available through Savvy for new and three-year-old models on a $15,000, five-year loan for homeowners. Calculations are for illustrative purposes only and may not reflect the terms you’re offered on your jet ski loan.
For reference, the average jet ski loan approved through Savvy between January 2023 and June 2025 was $22,837.
By comparing new and used versions of the same model as shown above, you can see that not only do you pay around $30 less per month when buying used, but you’ll also save $1,000 or more in interest overall. It’s important to note that other fees, such as establishment and ongoing charges, aren’t included in this calculation and may vary between lenders.
To run the numbers yourself, you can use Savvy’s jet ski and boat loan calculator. This allows you to play around with different loan amounts, interest rates and terms to find the best one for your needs.
Jet skis are the only leisure asset financed through Savvy where new purchases outsold used models. The average age of a jet ski financed through Savvy is 2.33 years old, while 67% of all jet skis financed through Savvy between January 2023 and June 2025 were brand-new.
Case study: Financing a brand-new jet ski
One big factor when it comes to the cost of your jet ski loan is how much you’re paying for the jet ski itself. The larger your loan, the more you’ll pay in interest overall. You can see this in action in the table below, which is based on loans with five-year terms:
| Loan amount | Interest rate | Monthly repayment | Total interest paid |
|---|---|---|---|
| $18,099 | 7.45% p.a. | $130 | $2,111 |
| $18,099 | 9.45% p.a. | $133 | $2,703 |
| $18,099 | 11.45% p.a. | $137 | $3,306 |
| $18,099 | 13.45% p.a. | $141 | $3,919 |
| Interest rates and calculations are for illustrative purposes only and may not reflect the terms you’re offered on your jet ski loan. | |||
Although there’s barely any difference between the monthly payments listed above, you can see that an increase of 2.00% p.a. results in around $600 extra paid over the life of the loan. With this information in mind, the lowest rate is selected for Annie and she buys the GTI at the most affordable price.
Why the jet ski you choose matters
"Before buying a jet ski, it’s worth looking beyond the thrill. Many lenders require a boat or jet ski licence (depending on the state you reside in), so you may need to hit the books first. Finance terms can also vary by model, with high-performance jet skis often attracting higher rates."
How to apply for your jet ski loan with Savvy
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Apply online
Kick-start the process by filling out our simple online form.
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Supply documents
Send us any documents we need to verify your profile.
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Speak with your broker
We’ll give you a call to discuss your jet ski finance options.
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Application prepared and submitted
Your broker puts together your application on your behalf.
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Approved, signed and settled
Once approved, we’ll settle the loan and the jet ski is yours!
