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Boat Dealers Offering Marine Loans and Financing in Sarasota, FL

3 of the 37 boat dealers we list in Sarasota have on-site boat loans and marine financing.

This section lists boat dealerships and marine brokers that offer in-house financing or direct loan processing with marine lenders. Loan terms for new and used vessels typically range from 10 to 20 years, with interest rates starting between 6.5% and 9.5% APR depending on credit qualifications. Most marine lenders require a down payment of 10% to 20% of the total purchase price prior to delivery.

  1. MarineMax Sarasota

    1601 Ken Thompson Pkwy, Sarasota, FL 34236-1005

    Mon-Sat 9am-6pm

    New boatsUsed boatsService deptPartsFinancingStorage
    Call Website Directions

  2. West Coast Inflatables

    2231 Industrial Blvd, Sarasota, FL 34234-3119

    New boatsUsed boatsService deptFinancing
    Call Website Directions

  3. West Florida - Florida - Sarasota

    1601 Ken Thompson Parkway, Sarasota, FL 34236

    Mon-Sun 9am-6pm

    New boatsUsed boatsService deptPartsFinancingStorage
    Website Directions
Check for pre-payment penalties and originations fees before signing a marine retail installment contract.

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Boat Dealers Offering Marine Loans and Financing near Sarasota

Good to know

What credit score is needed to qualify for a boat loan?

Most marine lenders require a minimum credit score of 660 to qualify for standard loan programs, with the lowest interest rates reserved for scores of 720 and above. Subprime lenders may accept scores down to 600, but typically require a 20% to 30% down payment and higher interest rates.

How long can you finance a new or used boat?

Standard loan terms for new boats range from 10 to 20 years (120 to 240 months), depending on the total loan amount. Used boats usually cap at 10 to 15 years, and loan amounts under $25,000 are typically limited to maximum terms of 5 to 7 years.

How much down payment is required for a boat loan?

A typical down payment ranges from 10% to 20% of the total vessel sale price, including options, sales tax, and registration. Lenders may request up to 30% down for older used boats, high-performance vessels, or applicants with limited credit history.