In general yes but specifically, not always. The calculator is best used to calculate repayments on new boats and high quality used as these types of boats can attract better interest rates than second hand boats. Lenders will take into account age and condition of a used boat and may apply a higher interest rate. But the calculator can be used for types of leisure boats. By that we mean speedboats, cruisers, fishing boats, cabin cruisers, jet skis, yachts, luxury cruisers, multihulls, trailer boats, tinnies, cuddy cabins, wake boats, ski boats and many others. The calculator applies to all major boat builders and manufacturers both local Australian businesses and for imported boats. For high priced boats, a longer loan term may be requested. Loan terms are subject to negotiating with lenders.