Boat Loans



If you are looking at potential boat loans, there are things you should know before running to the bank. Many options exist for you. A boat can be an expensive investment, but it will bring countless hours of enjoyment to your family.



Just think of it...boats can be used as a vehicle for a pleasure cruise or a fisherman’s vehicle of choice. A houseboat can be your vacation vessel where the open water is your destination. A pontoon can be an all-purpose water vehicle that your whole family enjoys. Boats are called pleasure crafts for good reason!

Let our years of experience in the world of boating be your guide when it comes to financing your next boat. We recommend eBoatLoans, not only the quickest and easiest place on the 'Net to get a boat loan, but one of the all-around top financiers of all things aquatic.

Loan Options

There are different ways to go about taking out boat loans. If you are in the market for a loan in order to buy your boat, there are several choices in terms of lenders.

  • Banks will offer loans for a variety of items if you have a decent credit score and a rapport with your loan officer.
  • Finance companies that specialize in this type of loan exist online and at bricks and mortar establishments.
  • Boat dealers or sporting goods store offer in-house financing.

Your most likely bet for a low-interest rate generally comes from a financial institution such as a bank or trust company. Very often, boat dealers will defer payments or offer 0% financing although some people find that these types of dealers appear to pad their prices to reflect this. Financial companies that specialize in loans can often bid on your business with a number of options for payment fees and interest rates. The better your credit rating, the more options you have.

Why get pre-approved?

Going through the process of becoming pre-approved for your loan can help you in many ways.

  • Pre-approval helps you know how much you can afford and allows you the freedom to get serious about shopping for your dreamboat or for the boat you can currently afford.
  • Being pre-approved can also lock in a decent interest rate, and your interest rate will have a direct impact on how much you can afford.
  • Once you have a pre-approval in place, it’s almost like having cash in your wallet to make your purchase.

When shopping for boat loans, realize that institutions want your business, and depending upon the amount of loan you qualify for as well as your credit score, you might have some negotiating power.







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