Financing a used boat purchase

Financing a Pre-Owned Boat

Purchasing a pre-owned boat can be a very good choice if you want to save thousands of dollars or get more boat for your money. Boats depreciate the largest percentage in the first 2 years. After 2 years if the boat is maintained the values hold strong.

If you're buying a pre-owned boat from a dealer you will likely get a helping-hand with the loan process. Many dealers have a Finance Manager on staff who can handle the whole transaction, from assisting with the application, vessel titling and through to the loan closing.
Other dealers may not have a finance specialist on their staff, but they may employ an outside loan service company that handles all the same tasks, and it will arrange all of the details.
Some dealers may simply send you to a bank or financial service company they refer business to, to have them handle the transaction.

You can save even more money by looking for a private seller and cutting out the dealer as the middle man. There are a few specialty lenders out in the market that will finance private party purchases and assist with the settlement. This is a great service because your getting the resources of a professional dealership with the savings of a private party pre owned boat purchase.

Boat Finance LLC located in North Palm Beach Florida offers financing for all types of used boats from $5,000 and up. Please visit our web site at www.boatfinance.com for more information.

By: Bill Schrama