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Motoring / Yachts

Simpson Marine launches EPOWER, a yacht financing service in Asia

The dream of owning a yacht can be a reality for many with the help of Simpson Marine’s new financing platform

Apr 04, 2017 | By Vimi Haridasan

While the notion of purchasing a yacht may seem as easy as pie to most of us, those in the know can tell us that it is not always so. With years of experience under their belt and the knowledge of Asia’s yachting industry at their fingertips, Simpson Marine has launched a new yacht financing platform known as EPOWER.

Offering tailor-made solutions for each client, the yacht dealership and service company aims to provide a smooth and financially sound way for clients to commit to making such an important purchase. Under its list of partner banks, tied with the platform, are ICBC China, Bank of China, BNP and Credit Suisse among others. The financing service is now available in all Asian countries that host a Simpson Marine office including Hong Kong, China, Taiwan, Singapore, Thailand, Malaysia and Indonesia. In fact, EPOWER has already aided several clients in Hong Kong and China with their purchases.

What makes this service a boon for those who wish to make such an investment, is that EPOWER is able to provide them with up to 70% financing over a period of three to five years. Approval for the financing takes as little as 10 days, which is great news for those who favour a hassle free experience. For yacht buyers who have already purchased their yacht, the platform allows them to apply for yacht refinancing, This allows them to have funds that can be used for investing in other areas and activities.

“EPOWER can fund the purchase of all types of yachts, ranging from small sailing boats to the world’s largest superyachts, and covers all brands in the Simpson Marine portfolio from Beneteau, Lagoon, Monte Carlo, Monte Carlo Yachts to Sanlorenzo and Viking”, explains Mike Simpson, the Founder of Simpson Marine.

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