Summer has Blown by, What’s Next?September 28, 2021
Recreational Boating Statistics ReportSeptember 28, 2021
Marine lending has been busy over the last 18 months with all the new boat purchase activity. Boat loan rates are at historical lows and financing is a great way to purchase your next boat while holding onto your cash for other investments.
The main factors for determining terms of the loan are the loan amount, age of the boat, client’s credit history, and the loan-to-value. A high qualifying credit score (800+) and a low loan-to-value (70% or less) can enable the client to qualify for a discount on the already-low interest rate.
In this competitive buying environment, it’s important to have your financing plans in place early. Let’s discuss your plans and get you pre-approved for financing. We are happy to help you get you where you want to be – out on the water on your new boat!
Sally Kraft of Seacoast Marine Finance
can be reached at (925) 963-2926