Boat loan terms generally run between 180 months (15 years) and 240 months (20 years). Contact us for our Interest rates.
$54,600 – $99,999
$100,000 & Over
Owning a boat is more affordable than one would think. In some instances, you can finance a brand new or used boat for around $360.00 a month, just like a monthly car payment but with longer terms. In some cases your Boat or Yacht Purchase can be a tax deductible and cost effective solution to a second home, to know more see your CPA. Interest paid on a boat loan could possibly be deducted if the boat has a galley (kitchen), berth (bedroom) and head (full bathroom). If you know what your monthly budget amount is to buy a boat, put that in the monthly window and work backwards to determine how much in total price you can afford. Or, if you know the cost of the boat you want, put that amount in the total window to determine monthly payment.
Above you will find our Boat Loan and Yacht Financing Payment Calculator and it will help you to determine your monthly boat loan payment. You are able to use different boat loan terms and rates, include additional items to be financed talk to your dealer or broker today about adding items to your sales contract to be financed such as taxes, electronics, trailers etc.
Easy 3 Step Process:
1) Enter the amount of the boat loan you will need.
2) Enter the number of months the loan will be financed.
3) Enter the current interest rate for the boat loan.
Boat Loan Calculator
Enter only numeric values (no commas), using decimal points
Non-numeric values will cause errors.