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.
Country Club Hills 1
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Water Werks Boat Sales
18660 Cicero Ave, Country Club Hills, IL 60478-5204
Mon-Fri 9-5, Sat 9-2
Dahinda 1
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OnlyInboards.com
Dahinda, IL
Dupo 1
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Dupo Marine Center
900 N Main St, Dupo, IL 62239-1260
Mon-Fri 8AM-5PM
Fox Lake 1
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Gordy's Boat Sales, Storage and Service
36 S US Highway 12, Fox Lake, IL 60020-1745
Tue-Sat 9AM-5PM
Johnsburg 1
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The Boat House Chicago
515 Bald Knob Rd, Johnsburg, IL 60051
Keyesport 1
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Boat Works
506 Clinton St, Keyesport, IL 62253-1055
Tue-Fri 9AM-5PM Sat 8AM-12PM
Lanark 1
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Millers Sport Center Inc
24565 Zier Rd, Lanark, IL 61046-8801
Morris 1
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Bedford Sales & Outdoors
879 Bedford Rd, Morris, IL 60450-1208
Rosemont 1
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Discover Boating Chicago Boat Show
5555 N River Rd, Rosemont, IL 60018-5117
Round Lake 1
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Chicago Sea Ray
31535 N US-12, Round Lake, IL 60073-9773
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The Boat Dock
4600 Rising Moon Rd, Springfield, IL 62711-6335
Mon-Fri 8-5, Sat 8-3
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SkipperBud's North Point
215 North Point Dr, Winthrop Harbor, IL 60096-1351
Also in Illinois
- Boat Dealers with Service & Repair43
- Used Boat Dealers36
- New Boat Dealers32
- Boat Dealers Offering Financing28
- Boat Dealers with a Parts Department27
- Boat Dealers with On-Site Storage18
- Boats for Sale and Marine Inventory17
- Boat Winterization and Shrink Wrap12
- Pontoon Boat Dealers10
- Boat Financing and Marine Loan Options10
- New and Used Fishing Boats for Sale7
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.
How to register a boat?
Boat registration is handled by state natural resources or motor vehicle departments upon submitting proof of ownership, a bill of sale, and required registration fees. After processing, you will receive official registration numbers and validation decals to display on your hull. Marine agencies across Illinois are available via BoatDealerAtlas with 12 local resources to guide your purchase.
How to get a boating license?
Obtaining a boating license generally requires completing an approved safe boating course online or in person, followed by passing a knowledge exam. Upon passing, state authorities issue a boater safety education card valid for life. Explore 12 marine services in Illinois on BoatDealerAtlas for local safety course recommendations.