Financing Made Simple

Once you’ve found the right boat or yacht, determine how much you’re comfortable spending on a monthly payment. You should consider additional costs such as insurance, maintenance, storage, and fuel. Research different lenders and compare rates, terms, and fees. Look for lenders who specialize in boat financing.

Your credit score will affect your eligibility for a loan and the interest rate you are offered. Check your credit score before applying for a loan and work to improve it if necessary. Your lender can also help determine your eligibility.

The decision to pay cash or finance a boat depends on your financial situation and goals. Financing a boat allows you to manage your cash flow, build credit, take advantage of low-interest rates, and purchase a larger or more expensive boat than you could afford to pay for in cash upfront.

Although boat loan amounts may vary, many lenders' payments can stretch up to 20 years.

Yes, many lenders including SkipperBud’s offer loan options for new and used boats

Yes, SkipperBud’s offers financing options for boats purchased through a private seller. Contact our team to learn more.

At SkipperBud's, we're committed to helping you make your boating dreams come true. With our financing options, you can hit the water with confidence knowing you’ve made the right decision. So, why wait? Apply for boat financing today and start making memories on the water!

It is our job to make you aware of all the great offers we can extend to you, such as financing, warranty, insurance, titling, and documentation, in addition to assuring your purchase goes as smoothly as possible for you.

Banks will typically lend up to 80% of your purchase price, meaning you will need at least 20% cash down.

With a thorough review of your financing package, we will be able to provide you with your final approval terms.

Financing: All the underwriting is done at store level, making sure everything is in place before sending it to the lender. The lender will secure financing and assure that you will be offered the best approval terms, which may include no-prepayment penalties and/or zero additional closing cost.

Extended Protection: Coverages are personalized for your boat and can be built to include engine, accessories, generators, block and wear coverages.

Insurance: Our agent, Newcoast, will shop several “A rated” companies, and help secure coverage to best suit your needs.

Titling & Documentation: We make sure your vessel is registered correctly and in a timely manner so that you can navigate legally while using your boat, as well as saving you from having to perform the task yourself.