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Key takeaways. Used boat loans are offered by select banks, credit unions, online lenders and marine lenders. You could incur steeper borrowing costs if you finance an older boat.
Financing an expensive boat at a marine dealership for year-round use is very different from getting a loan to buy a used boat from a private owner for weekend fishing trips.
Starting APR. 4.24%. Loan amounts. $10,000 to $5 million. Loan terms. 4 to 20 years. Credit scores. 700+ Fees. Processing fees. More Information About Bank of the West
Boats Group is a Miami, Florida, United States, based [1] advertising and software company for the marine industry with niche titles: YachtWorld, BoatTrader.com, boats.com, Annonces du Bateau, Boten te Koop, Cosas de Barcos, Boatshop24, Boats and Outboards, YachtCloser, Click and Boat and Trident Funding. [2]
The Brunswick Boat Group is an American pleasure boat manufacturer. Headquartered in Knoxville, Tennessee , United States , it is the largest maker of such craft in the world. Net sales were US$ 1.7 billion in 2008, [ 2 ] and US$ 1.0 billion in 2012.
Boat loans are a type of installment loan that is used specifically for the purchase of a vessel. These loans can be secured or unsecured and typically have repayment terms of two to 15 years.
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