Pawn Your Boat to Keep You Afloat

Money struggles can occur at any time. A medical emergency may have come up, or some other urgent situation where you need money fast. Alternatively, you simply might need a cash injection to boost your business, cover a wedding, or any other number of reasons you need to get your hands on a decent sum of money.

You could try getting a loan from a bank, provided your credit score is healthy and you can demonstrate you have the means to repay the loan. Another option might be to get a credit card or try to borrow money from a friend or family member.

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If none of these options are viable possibilities and you happen to own a boat, you can actually get a Pawn Loan against the market value of your boat and borrow the money you need that way. Let’s investigate whether a Boat Pawn Loan is a good option for you.

What is a Boat Pawn Loan?

Boat Pawn Loans are available with some private lenders. Pawning your boat means you take your boat to the lender; they evaluate your boat and determine its approximate current market value and then make you a cash loan offer using your boat as security. Generally, you will be able to borrow up to 60% of the boat’s market value.

As a simple example, if your boat and trailer are deemed to be worth $50,000, you could lend up to $30K against its value.

When you pawn your boat, you must leave it in the care of the lender. It’s returned to you once the loan amount and interest have been repaid in full. If you don’t pay the loan back, the lender may keep the boat and sell it to recover the money you borrowed.

Why Would I Want to Pawn My Boat?

If you need money fast, a Pawn Loan is one of the quickest ways to get the cash you need. Boat Pawn Loans are especially useful when you need money to cover an emergency or need some extra cash to cover an upcoming purchase. Private lenders pride themselves on offering very fast service, and with Pawn Loans, the paperwork is extremely minimal.

There are also no credit checks required, so if your credit history is a little questionable, or you simply don’t have a credit score yet, a Pawn Loan is one of the best options for instant finance.

If you bring your boat into the lender and have it evaluated early enough in the day, you’ll very likely have the funds you need to be deposited into your bank account that very same day. That’s how fast private lenders are and how fast you can get substantial amounts of cash via a Pawn Loan.

Yet another selling point regarding Boat Pawn Loans is you don’t have to prove your income or even be employed. The reason being is that it’s a secured loan. The lender holds onto your boat as collateral and, as mentioned earlier, if you can’t repay the loan, they get to keep your boat.

Because there is far less risk for the lender, the lending criteria are way more lenient.

How to Find Private Lenders for Boat Pawn Loans

Private lenders can be found around Australia, but capital cities are your best option. Boat Pawn Loans are popular in the Sydney area, so to find a private lender near you who offers a Pawn Loan option, just search online using a phrase like ‘Pawn My Boat in Sydney’ and some good options will come up.

You could also ask around in your circle of friends or on social media, to see if anyone can recommend a private lender for a Boat Pawn Loan.

Other Pawn Loan Options

A boat is not the only thing you can pawn with a private lender. Most of them accept many types of vehicles, whether it be a car, van, truck, jet-ski, motorcycle, or even company vehicles for a Business Pawn Loan.

Also, valuable jewelry and expensive watches are generally accepted. Even business equipment can sometimes be pawned.

As with the Boat Pawn Loan, usually, you can borrow up to 60% of the vehicle or valuable current market value.

Keep in mind that Pawn Loans are meant to be a short-term lending option. You won’t get years to repay the loan. Usually, the terms will be up to 3 months to repay the loan in full.


As you can clearly see, a Boat Pawn Loan from a private lender is one of the best options when you need money now. The process is simple, it’s fast and a Pawn Loan can really save the day.

Video – What is a Secured Loan?

Interesting related article: “What is Collateral?