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Outboard Engine Finance

Spread the cost of outboard engines from £3,000 to £45,000+ with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a outboard engine?

Yes, outboard engines are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £3,000 to £45,000, and most deals are written over 12–60 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.

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Typical Cost

£3k – £45k

Approval Speed

24–48 hours

Same-day for < £25k

Rates From

5.2% APR

What would a outboard engine cost per month?

£15,000
10%
60 months
9%
£0

Your estimate

Indicative only. Not a quote and not an offer of finance.

Pre-filled with a typical outboard engine price. Indicative only, not a quote.

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Finance options

Hire Purchase (HP)

Rate
From 5.5% APR
Term
12–60 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Businesses wanting to own the engine outright

Finance Lease

Rate
From 5.2% APR
Term
12–60 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient, claim the full lease payment against profit

Refinance

Rate
From 6.2% APR
Term
12–48 months
Deposit
None required
Ownership
You already own the engine
Best for
Releasing capital from an owned outboard to fund other equipment

Representative example

On a purchase price of £15,000: a 10% deposit of £1,500, then 48 monthly payments of £316 at 5.9% APR representative (fixed). Total amount payable £16,668, including the deposit. The rate you are offered depends on your business and the asset.

What buyers actually specify

Guide prices for sizing a finance agreement, not quotes. Manufacturers in this market mostly price on application, so where a current UK list price could not be confirmed the row describes a specification class rather than naming a model. Your supplier quote is what the agreement is written against.

Machine or specification Guide price Type
Suzuki-class Commercial Outboard, 40–70hp (spec class) £4,500 – £9,000 Mid-Range Four-Stroke Outboard
Yanmar/Suzuki-class Commercial Outboard, 90–140hp (spec class) £9,000 – £16,000 High-Output Four-Stroke Outboard
Mercury-class Commercial Outboard, 150–200hp (spec class) £15,000 – £26,000 Commercial Workboat Outboard
Twin Mercury/Suzuki 250hp+ Outboard Set (spec class) £28,000 – £45,000 Twin High-Horsepower Outboard Set

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Tax benefits

Outboard engines used for business qualify for Annual Investment Allowance (AIA), letting you deduct the full cost from taxable profits in the year of purchase, up to £1,000,000. HP agreements let you claim capital allowances on the engine; lease payments are generally deductible in full against profits.

Market context

Outboard engines are bought by RIB and workboat operators, dive and charter businesses, harbour authorities and fisheries, often to repower an existing coded hull rather than as part of a new vessel purchase. Because the engine is normally being fitted to an already-coded boat, lenders tend to focus underwriting on the hull it's going onto and the operator's trading history rather than treating the engine as a standalone MCA coding question. Outboards are relatively easy to remove and move between vessels or sell privately, which is one reason lenders prefer to finance the engine alongside the boat, trailer or other marine equipment it serves rather than in isolation. Hours run and service history, more than calendar age, determine what a used outboard is worth.

Bad credit?

Several of our 200+ lenders specialise in businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options exist. Checking your options here does not affect your credit score, because we do not run a credit search to match you. A lender will run their own checks only if you decide to apply.

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Frequently asked questions

Can I finance an outboard engine on its own, without the boat?
Yes, many lenders will finance a standalone outboard, particularly when it's replacing or upgrading the engine on a vessel you already own. Because the engine can be removed and moved to another boat relatively easily, some funders prefer to finance it as part of a wider package with the hull, trailer or other equipment, which can also get you a better blended rate.
Does the engine need to be new, or can I finance a used outboard?
Most lenders will finance used outboards up to around 5–7 years old, provided service records are available and hours run are reasonable for the age. Engines without a documented service history, or with unusually high hours, are harder to place and may need a larger deposit or a shorter term. A pre-purchase inspection by a marine engineer, checking compression, lower unit condition and corrosion, is worth commissioning on a higher-value used outboard before finance is finalised.
How does repowering an existing vessel affect the application?
Repowering is treated similarly to any other equipment upgrade: the lender looks at your trading history and the vessel the engine is going onto, rather than requiring separate MCA coding paperwork for the engine itself. If the new engine changes the vessel's coded specification, for example a significant increase in horsepower, it's worth checking with your certifying authority whether recoding is needed.
What deposit is typical for outboard engine finance?
For hire purchase, most lenders ask for 10–20% deposit. Finance leases often require no deposit at all. Financing the engine together with the boat or trailer as a single package can sometimes reduce the deposit required compared with financing it as a standalone item. An established trading history in a marine, dive or charter business will also generally help secure a lower deposit and a better rate on the finance.

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Guides and resources

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