How to finance a boat

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So you are all set to buy your new boat but are wondering how to finance it? Read on as we tell you where and what to look for, when trying to finance your dream boat…

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How to finance a boat

  1. 1. Financing a Yacht/Boat Presented by: www.SeeTheYachts.com , the #1 Listing & Marketing Portal for Yachts & Boats for Sale.
  2. 2. When Financing Your Yacht/Boat, Consider… <ul><li>Various sources </li></ul><ul><ul><li>Credit Unions </li></ul></ul><ul><ul><li>Banks </li></ul></ul><ul><ul><li>Financial Companies </li></ul></ul><ul><li>Collaterals </li></ul><ul><ul><li>Home equity </li></ul></ul><ul><ul><li>Stocks & bonds </li></ul></ul><ul><ul><li>Life insurance </li></ul></ul><ul><li>Interest type </li></ul><ul><ul><li>Fixed </li></ul></ul><ul><ul><li>Floating </li></ul></ul><ul><ul><li>Balloon </li></ul></ul>
  3. 3. Sources—Credit Unions <ul><li>Credit Unions </li></ul><ul><ul><li>Certain credit unions finance boat/yacht loans </li></ul></ul><ul><ul><li>Check with your credit union before you approach other sources for yacht/boat loans </li></ul></ul><ul><ul><li>Credit unions generally offer a lower rate of interest to their members </li></ul></ul>
  4. 4. Yacht Financing Sources—Banks <ul><li>Banks </li></ul><ul><ul><li>Check with your bank if they offer boat/yacht loans </li></ul></ul><ul><ul><li>Check if the bank is a member of National Marine Bankers Association (NMBA) </li></ul></ul><ul><ul><li>NMBA banks process boat/yacht loans faster </li></ul></ul>
  5. 5. Sources—Financial Companies <ul><li>Non-banking Financial Companies </li></ul><ul><ul><li>May be a member of National Mariner Bankers Association (NMSA) </li></ul></ul><ul><li>If opting for a non-banking financial company to finance your boat or yacht purchase, it is recommended that you approach one that is a member of NMSA </li></ul>
  6. 6. Are you looking for Yachts/Boats for Sale? Visit www.seetheyachts.com for an exhaustive listing of yachts for sale and boats for sale . We feature thousands of new and used boats for sale and yachts for sale . Are you a Yachts/Boats manufacturer or Broker looking to sell your yachts and boats? We can help! www.seetheyachts.com is the number one listing portal for yachts for sale and boats for sale . 3, Diamondleaf|Irvine|CA-92618|p: (949) 436-9268| e: [email_address]

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