Our Financing Solutions

Our team of seasoned experts will make sure the financing terms for your boat or RV loan are best for you, no matter the situation. We pride ourselves on providing the best experience possible for our customers, guaranteed.

Boat and RV Loan Pre-Approval

Complete our 2-minute pre-qualification form to determine the best boat or RV loan for your situation.

Boat and RV Loan Applications

Our online credit app is fast and easy, ensuring you get out on the road or water as quickly as possible

FINANCING OPTIONS

What You Need To Know

Options for Financing

There are three main paths to finance a boat:

  1. Through a Boat Dealer: Many people prefer this route as boat dealers are experienced in arranging boat loans. They typically ensure the process is efficient, quick, and hassle-free.
  2. Bank Financing: Another option is to finance your boat through a home equity line, a second mortgage, or a personal loan from your bank. While this might involve more paperwork and a slightly more complex process, it often offers lower interest rates and possible tax benefits.
  3. Specialized Marine Lenders: Working with lenders who specialize in boat loans, such as members of the National Marine Lenders Association, can also be advantageous. They might offer terms with lower down payments, quicker approval processes, extended financing terms, or reduced monthly payments.

For more detailed information on boat financing options and how to secure a loan, refer to our comprehensive guide, "The Ultimate Guide to Boat and RV Financing"

Typical Financing Requirements

If you're eligible for a car loan, you're likely to qualify for a boat loan too, as marine lenders consider similar factors:

  • Credit Rating: A key determinant in loan approval. A score of 700 or higher is ideal, while scores in the upper 600s may result in slightly higher interest rates. Lower scores can make obtaining financing more challenging.
  • Debt-to-Income Ratio: Lenders evaluate your existing debts against your income to assess your ability to handle additional loan payments.
  • Job and Homeownership Stability: Stable employment and homeownership history can positively influence your loan application.
  • Net Worth: Your overall financial health and assets are also taken into account.

Boat loan specialists typically follow similar evaluation processes as those for new car loans. However, you might need to provide additional documentation like a personal financial statement or employment verification. It's advisable to check your credit score beforehand to gauge your financing options.

ABOUT US

The US-DFS Difference

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Full Support

We provide full F&I services from the first contact through funding.

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Fast + Easy Process

Apply directly for a loan, or get pre-qualified in minutes.

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Competitive Rates

We fight to get you the best boat and RV loans for you, always.

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Quality Service

Our mission is to get you into the boat or RV of your dreams.

FAQs About Boat and RV Financing

Why should I finance my boat or RV?

What do I need to finance a boat or RV?

What are my options for financing?

How do I finance a boat or RV?

How long can you finance a boat?