A boat loan is a specific type of loan that is used to finance the purchase of a boat.

Used yacht loans. The first thing you need to understand used boat loans are the terms used to describe loans. New Boat Used Boat Yacht loan options available. The primary terms you need to understand are interest rates principal and term.

Loans are available from 25000 for boats model year 1998 and newer. For New or Used boats. Boat loan finance is used to buy a new boat.

We are committed to delivering honesty and integrity throughout the entire lending process after which youll become part of the Elite Financial International family. Your credit score debt-to-income ratio and net worth as well as how stable you are in your job and home ownership will play a role in whether or not you are approved for a used boat loan. Get a FREE Quote.

The loan term and details for financing a new or used boat are quite similar. Competitive Boat Loan Rates. Low Rates Flexible Financing.

Qualified borrowers can finance up to 125 of NADA retail book value or 125 of the purchase price whichever is less. You can find a boat loan directly through a dealership or private lender. Were professional finance brokers and provide the full range of personal loan options and commercial finance products to purchase new and used boats of all types.

New and used boat loans are not available in Alaska or Hawaii and borrowers are only allowed to finance their purchase if the boat is intended for recreational useno full-timers or. Get a fixed-rate loan with a term up to 15 years 1 180 months with Mountain America Credit Union. Affordability - low rates.