Boat Financing
Boat financing
A boat loan comes down to four numbers: the amount financed, the APR, the term and the monthly payment. These guides explain each one, and how lenders typically look at the boat and the borrower, so you can compare scenarios before you apply.
Financing guides
How boat financing works
Amount financed, APR, term and the lien on the boat, plus the steps from choosing a boat to submitting an application.
Read the guideBoat loan requirements
What lenders typically review: credit history, income and debt, down payment, the boat itself and the documents you may be asked for.
See what lenders look atUsed boat financing
How boat age, valuation, a marine survey and title checks can shape a loan on a pre-owned boat.
Finance a used boatPrivate-party boat financing
Buying from an individual seller: title and lien verification, documentation, bill of sale, and how funds may reach the seller.
Finance a private saleBoat loan down payment
How 5%, 10%, 15% and 20% down change the amount financed, the monthly payment and total interest.
Compare down paymentsBoat loan terms
How 10, 15 and 20 years trade a lower monthly payment against more total interest.
Compare loan termsBoat loan APR
What APR includes, fixed vs variable rates, and what one percentage point can mean over a 15-year loan.
Understand APRWhere to start
If you are early in the process, start with how boat financing works, then put numbers to it. The Boat Payment Calculator estimates a monthly payment from price, down payment, APR and term. If you would rather start from a monthly budget, the Boat Affordability Calculator works backward to an estimated boat price.
Once you have a boat or price range in mind, the Down Payment Calculator and the Loan Term Calculator show how each lever changes the payment and the total cost. Every figure on this site is an estimate; actual rates, terms and approval are set by the lender.
When you are ready, applications are completed through Vantage Recreational Finance.
3Ready to Finance?
Continue with Vantage Recreational Finance
Boat Payment Calculator helps you estimate and compare financing scenarios. When you are ready to apply, continue to the official financing application through Vantage Recreational Finance.
Start ApplicationDisclosure: Boat Payment Calculator may receive compensation from Vantage Recreational Finance when you apply through our links. We are not a lender and do not make credit decisions. About our relationship with Vantage · Terms
