Boat Loans

What is a Boat Loan?

A boat loan is a financing option that helps you purchase a new or used boat. Similar to an auto loan, it allows you to borrow funds from a lender and repay the amount over time with interest. Most boat loans are secured, using the vessel as collateral.

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Why Do I Need a Loan for My Boat?

Boat loans provide financial assistance for purchasing new or used boats, offering manageable payment plans to make owning your dream boat a reality.

Whether you are purchasing a new or used boat financing options make ownership more accessible and stress-free.

US-DFS streamlines getting boat loans. Simply fill out our 5-minute online credit application, and our dedicated team will review it, working diligently to find the best boat loan that suits your specific boating needs.

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Types of Boat Loans

• New Boat Loans: Finance the full purchase of a brand-new boat with low rates and flexible terms.‍
• Used Boat Loans: Buy a quality pre-owned boat with affordable financing and manageable payments.
• ‍Secured Boat Loans: Use your boat as collateral for a lower interest rate.‍
• Unsecured Boat Loans: Get financing without collateral, offering more flexibility but potentially higher rates.

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What You Need to Apply For a Boat Loan?

Applying for a boat loan with US-Dealer Financial Services is simple. Some of the few key factors to determine your eligibility are:

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• Credit Score: A score of 700+ is ideal for the best rates; upper 600s may still qualify‍‍
• ‍Debt-to-Income Ratio: A strong DTI improves approval chances‍
• Net Worth: Assets and overall financial health are considered
• ‍Boat Details: Make, model, year, condition (new or used), and purchase price; used boats may require a marine inspection
  
  
  

Apply today and discover the right loan rate for your dream boat!

2. Review

After submitting your pre-qualification form, the team at US Dealer Financial Services reviews your information, focusing on finding the best loan option tailored to your specific boating needs. Once our review is completed, we'll give you a quick call and outline your options, as well as answer any questions you might have.

3. Apply

Once our consultation is completed, we'll help you apply for a loan via our online credit application. The application is straightforward and designed to get you the best financial solution for your unique boat needs.

4. Ongoing Support

After applying, US Dealer Financial Services offers continuous support. For any other queries or assistance, you can reach out to us via our Contact Us page. We are here for you throughout the entire financing journey!