Buying a boat with an ongoing lease: how the transfer works in the sale

Not all boats for sale are fully owned by the seller: many vessels are still tied to a marine leasing contract. In these cases, purchasing the boat involves the so-called transfer of the lease. In the video "BUYING a BOAT with an ONGOING LEASE" Abayachting explains how this procedure works in the marine sales process.

Marine leasing is a widely used form of financing for purchasing vessels. Essentially, a leasing company is the formal owner of the boat, while the user pays periodic fees for its use, with an option for final redemption. When looking to buy a boat with an ongoing lease, it is necessary to manage the relationship with the leasing company.

The transfer involves taking over the current user's position in the vessel's leasing contract. The buyer assumes responsibility for the remaining payments and the terms of the contract, often subject to approval by the leasing company. It is a procedure that allows for the purchase of the boat without immediately settling the entire marine financing.

• Possibility to purchase the vessel: without paying the full value upfront
• Pre-defined financing conditions: in the existing leasing contract
• Potential tax benefits: related to marine leasing, to be assessed on a case-by-case basis

Before purchasing a boat with an ongoing lease, it is essential to verify the remaining payments, the terms of the contract, the redemption value, and the position of the leasing company. Every detail of the vessel's financing should be carefully analysed to avoid surprises in the marine sales process.

Managing the transfer in a marine lease is one of the most technical operations in boat sales. Relying on a yacht brokerage agency like Abayachting means having professionals who coordinate relationships with the leasing company and guide the buyer through every stage of the transfer, ensuring a safe and transparent purchase of the vessel.

Buying a boat with an ongoing lease is possible and, in many cases, advantageous, provided the transfer is managed correctly. Watch the complete video from Abayachting to understand how the lease transfer works and buy your vessel safely.