Yacht Finance & Insurance – Make Your Dream a Reality

When it comes to purchasing your yacht, you can feel reassured you’re in safe hands with Argo Yachting as they have their own dedicated in-house Yacht Finance Manager offering flexible and competitive yacht finance and insurance options.

Yacht Finance

Argo can obtain instant quotes from partners CGI Finance, Lombard Marine and Close Brothers, based on your current personal circumstances and requirements. Flexible finance options are available on pre-owned brokerage yachts, as well as brand new yachts from Finnish powerboats Saxdor Yachts, American heritage Chris-Craft boats and Italian designed Pardo Yachts.

Thanks to exclusive partnerships, Argo are able to offer customers great solutions to yacht ownership, no matter where you are on your yacht ownership journey or the brand or size of yacht you’re looking to purchase. Make your dream a reality sooner than you think with efficient, personalised and confidential solutions tailored to suit you*.  From day cruisers to larger motor yachts, corporate boats to superyachts, there are finance options to meet the most specific requirements.

Benefits of yacht finance

  • The customer can purchase a larger/newer vessel
  • Loan is flexible and can be settled early
  • Additional payments can be made
  • Allows the customer to use their money elsewhere or work harder
  • Loan is secured on the boat not property
  • Save money on dividend tax

CGI Finance is a subsidiary of Société Générale, and it’s is one of the European leaders in the yacht finance sector. Société Générale is one of the largest retail banks in Europe, with 160,000 employees in 82 countries and 27 million customers. CGL brings 35 years of experience and a dedicated team of yacht finance experts.

Lombard Marine is the specialist arm of the Lombard finance group offering flexible finance lending for powerboats and sailing yachts. (Lombard finance is currently only available to clients wishing to make a company purchase.)

Close Brothers is a merchant banking group based in the UK that provides financial lending, wealth management and securities trading.

*subject to approval

Insurance

Depending on your specific needs, Argo Yachting has a selection of flexible levels of yacht insurance so you can protect those quality memories that you, your family and your friends enjoy.  The Argo Yachting Finance & Insurance Manager can offer some of the most comprehensive yacht insurance cover plans on the market.

What’s Covered?

Argo Yachting has teamed up with A J Gallagher Insurance to offer their yacht owners a flexible all-risks insurance plan and agreed value policy featuring:

 For yachts up to £500k…

✓  New for old claims settlement (replacement yacht)*
✓  Get home cover
✓  Machinery damage extension**
✓  £5,000,000 third party indemnity
✓  Replacement vessel cover (temporary substitute yacht)
✓  Full tender and outboard cover including water-skiing if required
✓  Cover for personal effects and valuables
✓  No policy excess and no loss of no-claims bonus whilst in a secure marina berth
✓  Full underwater gear cover (without increased policy excess)

 Added benefits for yachts between £500k – £3M…

✓  A premium rebate when renewing your policy every year***
✓  Added Jet-Ski cover
✓  Skipper charter cover

* Vessels up to 3 years old    ** Vessels up to 5 years old    *** A 5% premium rebate will be payable to you when your policy is renewed, providing claims (paid and outstanding) do not exceed 15% of the premium paid during the previous 12 months.

For more information about the one-stop shop for yacht finance, insurance, sales and service or for a no-obligation quote, contact Argo Yachting’s in-house Finance & Insurance Manager:

Bruce Hastie
+44 (0)1489 885656
finance@argoyachting.com