Financing Options For Upgrading Your Boat

You want a bigger boat, a boat with more bells and whistles, a boat that is pet proof…the reasons are always in the back of our minds. The real question is once you find your next water vessel what is the best way to pay for it. Let’s take a look at some options.

Dealer Finance Partners

Boat dealers have relationships with independent finance companies that you can work with. The dealership representative is familiar with boat financing requirements and can best direct you to a reputable agency. Ask your sales representative.

Home-Equity

Many homeowners have equity built into their primary residence that can be utilized for large purchases. There are advantages and disadvantages to going this route so it isn’t right for everyone. Your bank is the best place to start if considering tapping into your homes equity.

Cash is King

Cash transactions are simple. You find what you want in your price range, make an offer, close the deal and pay for the floating fun. No interest necessary.