Did you know that you can get a maritime financing from Capital One? Capital One is among the top ten banks in the nation. It has expertise and experience in ...
What is the interest rate on a boat loan?
In fact, many lenders offer the same competitive rates whether you're buying used, new, or even refinancing. Because of this, creditworthy applicants can expect to find used boat loans with rates in the 4% to 5% APR range.
What's the longest loan term for a boat?
Boat loan terms, unlike car loan terms, can stretch up to 20 years, nearly as long as a home mortgage.
How long will most banks finance a boat?
How Long Do Most People Finance A Boat? Most people will finance a boat for about 10 years (On Average). the reason boat loans are longer is because banks and lenders recognize that boats hold their value far longer than cars.