Can You Finance an Outboard Motor?
Yes. Outboard motors are financeable assets in the UK marine lending market, available on hire purchase from several specialist lenders including Black Horse Marine, Close Brothers Asset Finance and Rankin Finance. Finance is available for outboards from £3,000 upwards, covering the full range of modern marine outboards from portable 2.5hp tender engines to 350hp+ offshore powerboat motors.
Outboard engine finance works on the same basis as other marine equipment HP: you pay a deposit (typically 20%), the lender funds the remainder, and you own the engine outright at the end of the agreed term (usually 2–7 years).
Outboard Finance - Market Overview October 2026
| Lender | From APR | Max Term | Max LTV | Min Loan | Best For |
|---|---|---|---|---|---|
| Close Brothers | 7.2% | 7 yrs | 80% | £5,000 | Best overall |
| Black Horse | 7.5% | 7 yrs | 80% | £5,000 | Best-known brand |
| Aldermore | 8.2% | 5 yrs | 70% | £10,000 | Self-employed |
| Rankin Finance | 10.5% | 7 yrs | 80% | £3,000 | Smallest loans / adverse credit |
How Much Does Outboard Engine Finance Cost?
The table below shows approximate monthly repayments for typical outboard motor loan sizes at 8% APR (a mid-market rate):
| Outboard Value | Deposit (20%) | Amount Financed | 36 months | 60 months | 84 months |
|---|---|---|---|---|---|
| £8,000 (mid-range) | £1,600 | £6,400 | £200/mo | £130/mo | £100/mo |
| £15,000 (high-power) | £3,000 | £12,000 | £376/mo | £243/mo | £188/mo |
| £25,000 (offshore unit) | £5,000 | £20,000 | £626/mo | £405/mo | £313/mo |
| £40,000 (twin outboards) | £8,000 | £32,000 | £1,002/mo | £649/mo | £501/mo |
Indicative only at 8% APR. Actual repayments depend on the rate offered by your lender.
Key Outboard Brands and Typical Finance Values
The UK outboard market is dominated by a small number of Japanese and American manufacturers. Finance values are generally based on the invoice or retail price for new engines, and specialist valuations for used stock.
- Yamaha: F2.5–F425 range. Popular, widely serviced, strong resale. Finance from £5,000 for F20 upwards.
- Mercury: 2.5hp–600hp (V12 Verado). Offshore market leaders at high power. Finance from £5,000 for mid-range.
- Honda: BF2.3–BF250. Known for reliability and fuel efficiency. Strong residual values.
- Suzuki: DF4–DF350. Respected mid-market range with broad dealer network.
- Tohatsu/Nissan: Compact and portable range. Generally at lower price points where personal finance is more appropriate than structured HP.
New vs Used Outboard Finance
Most specialist lenders strongly prefer new outboard motors from authorised dealers. The reasons are practical: new engines have full manufacturer warranty, known service history from day zero, and predictable residual values. Used outboards introduce condition uncertainty and lenders compensate with lower LTV (often 60%–70%) and higher rates.
For used outboard purchases, Rankin Finance is the most accessible lender, accepting used engines from reputable dealers on a case-by-case basis. Personal loans from your bank may also be worth considering for used outboard purchases below £10,000.
Outboard Finance for RIBs and Tenders
Outboards fitted to rigid inflatable boats (RIBs) are regularly financed, either as standalone equipment or as part of a combined RIB and engine package. For a complete RIB purchase with outboard, vessel HP covering the full package is often more efficient than separate finance for the engine and hull.
For tender outboards - small engines used to power a dinghy or inflatable to and from a larger vessel - finance is less common given the lower values involved. At under £3,000, a personal loan or credit card may be more practical than structured equipment finance.