How to finance a boat

Financing a Yacht/Boat Presented by: www.SeeTheYachts.com , the #1 Listing & Marketing Portal for Yachts & Boats for Sale.

When Financing Your Yacht/Boat, Consider…
Various sources
Credit Unions
Banks
Financial Companies
Collaterals
Home equity
Stocks & bonds
Life insurance
Interest type
Fixed
Floating
Balloon

Sources—Credit Unions
Credit Unions
Certain credit unions finance boat/yacht loans
Check with your credit union before you approach other sources for yacht/boat loans
Credit unions generally offer a lower rate of interest to their members

Yacht Financing Sources—Banks
Banks
Check with your bank if they offer boat/yacht loans
Check if the bank is a member of National Marine Bankers Association (NMBA)
NMBA banks process boat/yacht loans faster

Sources—Financial Companies
Non-banking Financial Companies
May be a member of National Mariner Bankers Association (NMSA)
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

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How to finance a boat

by See The Yachts on Jul 06, 2010

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How to finance a boat — Presentation Transcript