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$10k-$1.3M traditional lending options
$300k-$50M Yacht lending program (must be yacht certified)
Maximum term:
$10-$25k - 144mo
$25k-$50k - 180mo
$50k+ - 240mo
For used vessels exceeding $100k, be prepared with survey/sea trial. We recommend a SAMS certified surveyor.
If you have any questions don't hesitate to reach out, ask for Dylan
- Boat Financing
Gordy's Marine
Since 1955 Gordy's has been helping residents and visitors alike enjoy beautiful Lake Geneva to the fullest. Our main location is in Fontana at the quaint and quiet west end of Lake Geneva. We also have showrooms in Oconomowoc, WI, Fox Lake, IL, and an office in downtown Chicago, complete with a floating showroom in Burnham Harbor in season. We provide a wide range of products and services including Cobalt, Malibu, Everglades, & Berkshire boat sales, boat rentals, boat club, ski/wakeboard lessons, boat service & storage, and much more to help with your boating needs. Have an appetite? With 8-mile views, our scenic Lake Geneva waterfront bar/restaurant, Gordy's Boat House & Cobalt Lounge, Shore Shack & Surf Shack offer a family-friendly boating atmosphere with outstanding food and service right on the water. Serving some of the best dishes on and around Lake Geneva and one of the only places on the lake to offer a boat valet service - so come by boat!
- Boat Canvas
- Boat Canvas Repair
- Boat Cleaning
- Boat Dealer
- Boat Sales
- Boat Financing
- Boat Rental
Grand Sport Center Inc
Welcome to Grand Sport Center, your specialists for NEW and Pre-Owned boats! We specialize in only the finest pre-owned boats as Donzi, Active Thunder, Cigarette Racing, Baja Marine, Four Winns, Crownline, SeaRay and many more. We provide FULL SERVICE and Parts at our convenient Chicagoland showroom, family-owned and operated for over 40 years.
- Boat Dealer
- Boat Sales
- Boat Broker
- Boat Financing
Pine Crest Marina
Pine Crest Marine has been family owned and operated since 1948, expanding to include stores in two locations throughout the State of Indiana. Our flagship store is located on the southwest corner of Cedar Lake. We are located directly on the water and offer a full-service marina and resort. We have the capability to offer our customers summer and winter storage, launch facilities, picnic grounds, RV campground, swimming, marine grade fuel, sales of piers and hoists in addition to boats, acid washing, detailing, shrink wrapping, and service. Our pro shop keeps a supply of boating accessories available year round. This includes tubes, skis, wakeboards, surfboards, and vests.
- Boat Sales
- Boat Broker
- Boat Financing
Reed's Marine, Inc.
Welcome to Reed's Marine, your Southern Wisconsin and Northern Illinois Boating Headquarters! For more than 60 years, we have helped families get exactly the right boat for those days when the water beckons, and it's time to kick back and enjoy life. We start with a discussion of how you want to use your boat, your preferences, and your budget. Then we'll show you the boats that best meet your needs, and help you weigh the benefits and differences. We've gotten so good at this that we can confidently offer you the best guarantees in America. After all, we are the only dealer in America that is on the Top 100 Boat Dealers list since 2005, Marine Industry 5-Star Certified, and offers a 30-day price guarantee and boat purchase return policy. Visit us or give us a call at 262-214-5056 to find your perfect boat today!
- Boat Canvas
- Boat Bimini Top
- Boat Cover
- Boat Dealer
- Boat Sales
- Boat Financing
- Boat Lift
Water Werks Boat Sales
ater Werks Boat Sales at Country Club Hills, Illinois is one of Chicagoland’s largest marine dealership and service centers. We carry top quality boat lines such as Monterey Boats, Lund Boats, and Lowe Boats. At our dealership, you can also service your Mercury Outboards, Mercruiser, and Yamaha Outboards.
- Boat Dealer
- Boat Sales
- Boat Broker
- Boat Financing
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Boat Financing FAQs
What is boat financing and how does it work?
Boat financing allows you to borrow money to purchase a boat and pay it off over time, typically with monthly payments. Loans can come from marine lenders, banks, credit unions, or through boat dealers and brokers. Terms vary based on loan amount, credit score, and boat type.
What types of boats can be financed?
Most lenders finance new and used powerboats, sailboats, pontoon boats, and personal watercraft. Some also finance liveaboards, houseboats, and yachts, but loan terms may differ depending on the boat’s age, condition, and usage.
What are typical loan terms for boat financing?
Loan terms typically range from 5 to 20 years. Shorter terms may have higher monthly payments but lower overall interest costs. Longer terms reduce monthly payments but increase total interest paid. Your credit profile and loan size will influence the options available to you.
What credit score is needed to finance a boat?
Most marine lenders prefer a credit score of 680 or higher, though some may approve loans with lower scores at higher interest rates. A strong credit history, low debt-to-income ratio, and proof of income improve your chances of approval.
Can I get pre-approved for a boat loan?
Yes, many lenders and financing services offer pre-approvals. This helps you understand how much you can afford before shopping and strengthens your offer when buying from a dealer or private seller. Pre-approval usually involves a credit check and financial review.
What is the difference between secured and unsecured boat loans?
Secured loans use the boat as collateral and typically offer lower interest rates and longer terms. Unsecured loans don’t require collateral but usually come with higher rates and shorter terms. Most boat loans are secured.
How much should I expect for a down payment?
Typical down payments range from 10% to 20% of the boat’s purchase price. Higher down payments can reduce your monthly payments and improve your loan terms. Some lenders may offer 0% down for well-qualified buyers.
Can I finance a used boat or a private party sale?
Yes, many lenders finance used boats, including those purchased from individuals. The boat may need to meet certain age and condition requirements. Be prepared to provide documentation like a bill of sale, title, and proof of insurance.
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