Best Places for Boat Financing ?
 

Any recommendations for best places to finance a boat?

Thank you

Local credit union for sure.

+1 For local credit union. Most other places don't even offer it.

Bank of The West has been financing boats for many years. Don’t know their rates right now, but last I remember, they were competitive and offered long terms if that’s what you’re after.

I have done credit Union's too BUT

On my current boat I went with State Farm. Yes the insurance company. They have State Farm bank too.

I already had State Farm and was getting a quote for insurance from them for my new boat and they asked if I would like to get my boat loan through them too. I thought it would be high interest and I could only take it out to 36 months. But I was wrong the rates where really good and I "could" take it out to 12 years. I didn't but I could have.

Now I have all my auto loans through them. It's very easy and all the transactions are done through your Insurance agent.

https://www.onlyinboards.com/Resources/Boat-Loans.aspx We work with Vantage and they have some good rates and have done a ton of inboard boats loans for us.

Give these guys a look: https://www.epicfinancellc.com/

They'll shop all of the top banks for boat loans and find you the lowest rate. They've been great to me over the years.

Pentagon Federal Credit Union has my current boat. I’m a member of 5 credit unions and they were pretty hit or miss on boat financing. Pentagon Federal was the only one I talked to that would give me a good rate and good term on a 2011. On the auto side PFCU will finance almost any age collateral as long as its book value works out and you have a good enough credit score. I think that’s why they weren’t afraid of an 8 year old (at the time) boat. Two of the credit unions flat out wouldn’t touch it due to age. One wanted a 5 year term. One wanted 50% down.

Call Barry at National Dealer Direct. Just trust me, call him first. 732-921-8116

Does he have a brother named George?
I believe that I saw him on the TV😁