$Financing
Know your payment before you pick the boat
Pick a boat off the lot or put your own numbers in, say what you have to put down, and see what the payment looks like today. Four cards, no credit check.
- 1The boat
- 2The money
- 3Who you are
- 4Your rate
1The boat
Which boat are you looking at?
Pick one off the lot and the price comes with it. Not sure yet is fine, you put the numbers in on the next card.
2The money
Put your numbers in
Nothing is sent until you ask to see the rate.
- Amount financed—
- Down payment—
- Term—
An estimate off our marine lender's current rate sheet plus our standard add. It leaves out tax, title, registration and the insurance a lender requires. The lender's written quote is the number that counts.
Estimated today
- Amount financed—
- Down payment—
- Term—
The lender's secure credit application, about 10 minutes. Paula comes back with the real number. Rather talk to us first?
Paula Johnson runs financing at RT 113. She puts the deal in front of marine lenders that write boat loans every day, and gets you terms in writing before anybody signs. A local bank will often treat a 32 foot Pursuit like a jet ski.
(302) 436-1737•How it works
Tell us the boat and the budget
The cards above, or a call. We say what is realistic before anybody runs credit, including whether a different down payment or a season's wait gets you a better boat.
We put it to marine lenders
Our desk's secure application takes about 10 minutes. Your Social Security number goes on the lender's own site, never ours.
You get terms in writing
Rate, term, payment and what they need from you, before anything is signed. No surprises at the desk.
Know what you want? Apply online
The same secure credit application our desk uses. About 10 minutes, straight to the marine lenders we work with every day. Rates on an approval hold for 60 days.
•For reference
Financing questions we get every week
Can my trade count as the down payment?
Yes. The lender counts cash and net trade together. Get a trade value first and you know how far it goes. If you would rather sell the boat you have first, here is how we buy, broker and trade boats.
What moves the rate?
Your credit score most, then how much you put down against the price, then the boat's age. A shorter term can take a quarter point off on loans over $50,000.
Does a used boat cost more to finance?
On loans under $100,000 the lender adds a quarter to a full point for a 2022 or older boat. Over $100,000 the age does not change the rate.
What do I see before signing?
The rate, the term, the payment and what the lender needs from you, in writing.
Can I apply online?
Yes, with the button above. It is the lender's secured application, about 10 minutes.
Is there a minimum?
Marine loans start at $5,000. Under $25,000 the terms are shorter and the rates higher.
→Next step
Get pre-qualified
Send this over and Paula comes back with the lender's real number, usually the same day. No credit check until you say so.
Rather talk it through?
(302) 436-1737