Skip to main content

LH-Finance signs deal with SailTime

Marine financing specialist LH-Finance said it formed a strategic alliance with SailTime.

Marine financing specialist LH-Finance said it formed a strategic alliance with SailTime.

LH-Finance said the partnership allows customers to finance their purchases of yachts from SailTime dealers using customer loans issued by LH-Finance.

“The vision to create this strategic alliance is a much anticipated partnership for both LH-Finance and SailTime,” LH-Finance CEO Herve Bonnet said in a statement. “This will categorically advance LH-Finance to a leader in the highly coveted market sector of marine retail lending.”

LH-Finance said the boat-sharing concept is gaining in popularity: SailTime is the professional partner that takes care of the yacht, the member gets the experience of boating without the full cost of ownership and the owner earns back some of his investment.

SailTime is a franchise in the business of boat sharing via seasonal memberships, which are sold by independent dealers in the United States.

Beyond recent recognitions by Entrepreneur Magazine as one of the “10 Hottest Franchise Categories” and its Franchise 500, SailTime has enjoyed growth of 161 percent since 2012, expanding to 29 bases in the United States and five in Australia, LH-Finance said.

Through its partnership with the American Sailing Association, SailTime built the largest network of sailing education schools in America, LH-Finance said. It also recently announced a partnership with Groupe Beneteau.

This positions Groupe Beneteau, a manufacturing partner in LH-Finance’s VIP pre-qualification program, to offer its boats for both the membership program and the boat ownership program at all SailTime locations, with financing provided by LH-Finance.

“The partnership with LH-Finance is a critical component to SailTime’s yacht ownership program, providing our clients with a turnkey financing option that makes the boat purchase process simple and straightforward,” SailTime CEO Todd Hess said.



Inflation Stymies Boat Sales

Inventories of new and used boats are improving at the retail level but are still considered comparatively lean, according to the results of the monthly Pulse Report survey.


Ho, Ho, Ho, You Better Watch Out

It may be too early to decorate the showroom, but it’s not too early to hatch a marketing plan to profit from the holiday selling season.


Industry reacts to IBEX cancelation

With Ian expected to hit Florida’s west coast as a major hurricane, the consensus among those who spoke with Trade Only Today say it was the correct decision.


Ready for a Revolution

Electrification has been an increasingly common buzzword in the marine industry, especially in the past four to five years.


MarineMax Makes Appointment to its Board

Mercedes Romero has expertise in global procurement and strategic planning, working with such companies as Procter & Gamble and Starbucks.


DEALERS: Are Interest Rates Impacting Demand?

This month’s Pulse Report survey asks dealers whether interest rate increases are causing a downturn in boat sales. Take the survey here.


Spot Zero Announces Expansion

The Fort Lauderdale-based reverse osmosis systems manufacturer is adding a 20,000-square-foot production facility.

1_Seakeeper Ride 450_2023 Sportsman Open 232 Center Console

Seakeeper’s New System Targets Pitch

Seakeepeer, whose gyroscopic stabilizers set the marine industry standard for eliminating as much as 95 percent of a boat’s roll, is now turning its attention to eliminating pitch with their Seakeeper Ride system.


Propeller Precision

Yamaha’s new $20 million foundry produces about 100,000 propellers a year