Dinghy funding scheme in Australia

After launching in the UK earlier this year, Performance Sailcraft (PSA) has expanded its new dinghy funding scheme into Australia. The idea is to reduce the upfront cost of a new dinghy by up to 70 per cent.

The system’s called Magic and is aimed at giving sailors and sailing clubs a flexible way to access, fund and upgrade their PSA boats. Simply put, it spreads the cost over time.

There’s a 30 per cent initial payment followed by 24 interest-free ‘rental’ payments. At the end of the term, customers can choose to buy the dinghy at a predetermined price, trade it in for a new model, or return it to PSA. – Full report