If you are looking for a new boat or even a luxurious used boat you will need to be prepared to spend 100000 or more depending on the size and type of boat you want.

Live aboard yacht loans. 15 on boat loans over 100000. Whether a dealer or private party purchase or a refinance of your existing boat loan Essex Live-Aboard financing program may be what you are looking for. The minimum loan amount for pleasure use is 10000 in all states where Essex originates loans.

The maximum loan amount in all cases is 5000000. Our minimum down payments for New Used boat loans are. Most lenders wont cover a boat over 20 years old.

Cons for Liveaboard Sailboat Loans. We have financing options available for boats 2001 and newer. However the costs associated with living on a boat.

Standard. Banks and other lenders generally dont care if you are living aboard or not a boat loan will be dealt with as a boat loan. Office locations from coast to coast.

Some only finance recreational boats and others finance live-aboard and charter boats. All choices for live-aboard boats are expensive and you will most likely be looking for a used possibly even a project boat. You might do best to shop for a boat loan as a liveaboard in an area where many boat loans are made.

10 on boat loans up to 99999 depending on the value and age of the boat possibly even less up to 5000000. You should also be aware that some lenders do not like to make loans on liveaboard boats and some insurers dont like to write policies on them. You would have to ask each bank for their policy.