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Boat Financing

If it sounds simple well, that’s because it is. Most new boats are purchased with a loan so well-established procedures are in place. As for who to take out the loan from? Your main top three options are:
1. Finance through your boat dealer
This is usually the easiest option. Boat dealers set up boat loans every day, so you’ll be working with a professional who can guide you through the process, has established relationships with lenders, and also is interested in making the entire transaction easy and as seamless as possible. They may also have recommendations for setting up boater insurance too.
2. Get a loan from your bank
Some buyers who have a lot of equity in their home find it advantageous to take out a home equity loan or a second mortgage, either because they may get a lower interest rate or for tax purposes. Remember, this will add time and some complexity to the transaction. So be prepared for a longer transaction or simply initiate the process ahead of time.
3. Take out a loan with a lender specializing in marine financing
Since financing a boat is a bit different than financing other assets, there are some lenders who specialize in it. Trident Funding is one of these specialty banks.

Of course, there are many variables that will have an effect on determining your payment and rate. Credit scores, debt ratios and net worth will all be considered by the lender. Since everyone’s situation is different, it depends on your personal circumstances, the size and term of the loan. However, there are generalities that hold true for the vast majority of boat loans:
<ul>
<li>Interest rates generally go down as the loan amount goes up.</li>
<li>Interest rates generally go down as the term of the loan goes down.</li>
<li>Higher loan amounts can usually be stretched over longer periods of time. In most cases, boat loans range from four to 20 years.</li>
<li>Usually, the lender will be basing a boat loan on a 10- to 20-percent down payment. That said, there are some no-money-down deals out there.</li>
<li>Often, you can roll the expenses of accessories like electronics, trailers, and even extended warranties into a boat loan. Just be sure to pick out the complete package you want, ahead of time.</li>
<li>Most lenders will be looking for credit scores of around 700 or higher. You can get a boat loan with a lower credit score, but expect that you may have to pay a penalty in the form of a higher interest rate or a larger down-payment.</li>
</ul>

What will the payments be on my boat loan?

Ready to take the next step toward owning your dream boat? At BoatValue, we make financing easy with our Boat Loan Pre-Qualification Offer. With just a few simple details, you'll get access to the best rates from (no more than) <ins>three</ins> trusted specialty marine lenders who understand your needs.
Why choose us?
<ul>
<li><ins>Fast and Easy Process:</ins> Fill out a quick form and get pre-qualified in minutes, without impacting your credit score.</li>
<li><ins>Competitive Rates:</ins> Our network of marine lenders offers competitive rates specifically tailored to boat loans.</li>
<li><ins>No Obligation:</ins> You’re in control! Compare the offers and choose the one that best fits your needs, or take your time – there’s no commitment.</li>
</ul>
Don't wait! Secure financing for the boat you've always wanted. Pre-qualify today and get connected with three top marine lenders ready to offer their best rates. It’s time to make your boat ownership dreams a reality!
Click Get Pre-Qualified to start the process and receive offers from specialty marine lenders within minutes. Your dream boat is just a step away!

Boat Loan Pre-Qualification

Get Your Best Boat Loan Rates!

Ready to make your dream boat a reality? At BoatValue, we streamline the financing process by giving you the opportunity to apply for credit with ease. Simply complete a short application, and you’ll be connected with <ins>three</ins> specialty marine lenders who will offer their most competitive rates.
Why choose us?
<ul>
<li><ins>Simple Application Process:</ins> Fill out a quick application and get connected to top lenders who specialize in marine loans.</li>
<li><ins>Competitive Financing Options:</ins> Our trusted network of marine lenders provides competitive rates tailored to your needs.</li>
<li><ins>Your Choice:</ins> Review the loan offers and select the one that’s right for you, or take your time – there’s no obligation.</li>
</ul>
Don’t miss out! Apply for credit today and receive loan offers from three expert marine lenders. It’s the easiest way to get the best rates and start enjoying life on the water.
Click Apply for Credit to begin your application and get offers from our specialty marine lenders in minutes. Your perfect boat is waiting!

Apply for Credit

Secure Your Best Boat Loan Rates Today!

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BOATVALUE®

Boat Financing

BOATVALUE®

Boat Financing

BOATVALUE®

Boat Financing

What will the payments be on my boat loan?

Boat Loan Pre-Qualification

Get Your Best Boat Loan Rates!

Apply for Credit

Secure Your Best Boat Loan Rates Today!

BOATVALUE®

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