We are one of the few brokers that has an in-house finance department. We work closely with many lending institutions to find the best fit for your financing needs. There is never an obligation to use us, but because we deal with so much volume, we will probably be better equipped to give you the best deal possible.
Give us a try... We have a dedicated and experienced in-house staff that is concerned with your needs, and wants to help you accomplish the purchase of your dream boat.
"What kind of rate can I get on my boat?"
Marine loan rates are based on many things: Your past credit history, the amount financed, the collateral, and the current prime interest rate. We will give you a range, that the rate could be in, and work very hard to come in under that. The rates change on a daily basis. Fill out our secure online credit application, and after we receive all the information needed, we can give you an exact rate that will be honored for up to 30 days.
"What kind of term can I get on a boat loan?"
This answer may surprise you. Anywhere from 60 months up to 300 months. It all depends on the age of the boat and the amount financed. The good thing for you is, all the loans we do are simple interest, with NO prepayment penalties for paying them off early. These kind of terms make boating very affordable, for almost anyone.
"How long does the process take?"
Normally we will have an answer that very day for you. Of course unless it is the weekend or a holiday.
"Can I include an Extended Service Contract in with the financing?"
Yes. Depending on the year of the boat, we may be able to get you an Extended Service Contract, and the bank would be happy to finance 100% of the cost for you. The lenders like that you are protecting your investment, with such a policy.
Contact any of the three major credit reporting agencies to receive your credit report, by phone or website:
Experian: www.experian.com, toll free 888-397-3742
Equifax: www.equifax.com, toll free 800-685-1111
TransUnion: www.transunion.com, toll free 877-322-8228