Some or all of these incentives could be used toward the purchase of a new in stock model.
FREE! – Towboat US Coverage for 1 year
FREE! – Inside Heated Storage
Lower Down Payments
There are many factors that determine your down payment and in today’s market, marine lenders are offering financing with down payments typically in the 10-20% range.
Faster Credit Decisions
As a dealer we have established relationships with our lenders that make it fast and simple to apply and at times be approved in less than 24 hours.
Lower Monthly Payments
Unlike loans for your home or car, marine lenders offer longer terms which in most cases give you a lower monthly payment.
Longer Financing Terms
We strive to offer the best options in lending for our customers. That is why we partner with lenders that have a proven track record in the marine industry and who know the value of a well-maintained boat.
More Electronics & Extras
A huge bonus with some marine lenders is the ability to include optional equipment,
electronics, insurance coverage and extended service plans in the financing, allowing you to get the boat ready to sail away sooner.
Credit Life Insurance
This is a great reason for older buyers who may have to spend a whopping amount to get life insurance.
Going with a credit life policy allows the boat owner to pass down a boat with a clear title.
A boat with a head, galley, and berth can be considered a second home therefore, the interest on a boat that meets these criteria can be used as an income tax deduction.
Even if you can pay cash – in this instance financing is often a better option because you can invest the cash in something with a decent return and take advantage of the tax deduction.