Boats
What is a Boat Loan?
Buying a boat can be an exciting, but often expensive, decision. And as with most financial decisions, you’ll want to do some research and calculating
Stephanie Colestock
March 7, 2023
Buying a boat can be an exciting, but often expensive, decision. And as with most financial decisions, you’ll want to do some research and calculating
In 2020, more than 300,000 boats were sold in the United States — the highest annual boat sales in more than 13 years. Even amidst
How Boat Loans Work A boat loan is a type of installment loan product, where your lender pays for your boat purchase upfront with a
Owning a yacht is a dream come true for most people. Imagine yourself sailing around the world entertaining your friends and family onboard your very
You’ve imagined yourself cruising around the intracoastal, stopping for lunch and cocktails along the way. You can already picture yourself island hopping in the Caribbean,
Boat loans are often used by people to finance their purchase of a boat. These loans typically have an amortization schedule that can last for
When it comes to buying a boat, the cost can quickly add up, whether you’re in the market for a brand new boat or a
Consumer interest in boats has grown exponentially in recent years, according to the National Marine Manufacturers Association. This has resulted in record-breaking boat sales, increased
The decision to buy a boat can be one of the most exciting financial moves you make, whether you’re buying a weekend fishing boat or
Whether you want to purchase a center console boat, a pontoon boat, a deck boat, or even a yacht, you’re going to need a high
Subject to loan program requirements and credit approval. Certain fees, closing costs, and restrictions may apply.
Michigan Regulatory Loan License (RL-0024092), effective May 19, 2022, issued by Department of Insurance and Financial Services.
Contact: Office of Consumer Finance, 530 W. Allegan Street, 7th Fl., Lansing, MI 48933-1521, (877) 999-6442.
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