Spread the cost of commercial workboats from £60,000 to £450,000+ with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.
Yes, workboats 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 £60,000 to £450,000, and most deals are written over 24–84 months with a deposit of around 15–25%. Decisions typically take 48–72 hours. Used machines are financeable too, usually with a shorter term.
Typical Cost
£60k – £450k
Approval Speed
48–72 hours
Same-day agreement in principle for < £100k
Rates From
5.5% APR
Your estimate
Indicative only. Not a quote and not an offer of finance.
Pre-filled with a typical workboat price. Indicative only, not a quote.
Compare workboat finance rates from 200+ lenders
Check EligibilityOn a purchase price of £150,000: a 10% deposit of £15,000, then 48 monthly payments of £3,164 at 5.9% APR representative (fixed). Total amount payable £166,872, including the deposit. The rate you are offered depends on your business and the asset.
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 |
|---|---|---|
| 8m Aluminium Workboat (spec class) | £90,000 – £160,000 | Aluminium Multi-Purpose Workboat |
| Alnmaritec-class Aluminium Pilot/Patrol Boat, 10–12m | £150,000 – £320,000 | Aluminium Pilot/Patrol Boat |
| 12m Steel Multicat Workboat (spec class) | £200,000 – £450,000 | Steel Multicat Workboat |
| 6m Aluminium Work Punt (spec class) | £35,000 – £70,000 | Small Aluminium Workboat |
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Check EligibilityWorkboats 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 vessel; lease payments are generally deductible in full against profits.
Workboats are bought by harbour authorities, marine contractors, dredging and civil engineering firms, and aquaculture operators needing a vessel for towing, personnel transfer, cargo or general port duties. Any vessel used commercially must be coded by the Maritime and Coastguard Agency for its intended area of operation, and the coding category has a direct bearing on build cost and on what a lender is prepared to fund. Because a workboat can be moved between operators and jurisdictions relatively easily, some mainstream lenders are cautious about the asset and buyers often end up placed with a marine finance specialist instead. On the used market, hull and machinery survey condition, rather than age alone, is the biggest single driver of value.
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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