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Mechanical Breakdown Cover

Mechanical Breakdown Cover often called Extended Warranty, safeguards you in the event of faults or breakdowns. It covers the major mechanical hydraulic and electrical motor items on your craft to give you security and peace of mind.

We at Boat Finance encourage you to protect yourself against these unfortunate surprises when buying new or used boats. These products give you similar protection to what you get when buying through a Marine Dealer, Boat Yard, Marine Auction or Private Sale.

  • Allows you to choose the boat you want, regardless of the warranty on offer.
  • If you’re taking a loan the warranty may be financed.
  • Pay by credit card or arrange for “pay by the month” facilities.
  • Some of these products can even be transferred if you sell your boat.

These warranties cover the cost of repairs, parts and labour with generous limits apart from normal wear and tear items such as light bulbs, perishables, impact and other general maintenance. Essentially the warranty will cover the bulk of those unexpected mechanical failures. 

New Boats

A new boat/motor purchase will usually come with a limited manufacturer’s warranty. We can arrange cover for your boat for up to an additional 3 more years from the end of your manufacturer’s warranty. This is perfect for those intending to keep their new boat for the long term without the worry of unanticipated mechanical costs. 

Used Boats

Your used boat may look and drive great at first, but you have no idea how the previous owners treated your now treasured item. They could have mistreated it, at some point, or simply never serviced it.

We at Boat Finance strongly recommend you take out mechanical warranty for any used boat purchase, even if it came from a reputable dealer. If it already comes with a warranty we can organise extended cover for up to 3 years beyond the end of the dealer warranty.

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  • Suncorp Bank
  • AFS
  • CIL Insurance