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Boat Dealers Offering Marine Loans and Financing in Minnesota

14 of the 204 boat dealers we track in Minnesota have on-site boat loans and marine financing. Full listings for every city are on the Minnesota page.

14dealers
9cities
204dealers statewide

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.

Alexandria 3

  1. Faction Marine

    10602 MN-29, Alexandria, MN 56308-8027

    Mon 9am-5pm, Tue 9am-5pm, Wed 9am-5pm, Thu 9am-5pm, Fri 9am-5pm, Sat 10am-2pm

    New boatsUsed boatsService deptPartsFinancingStorage
    Call Website All Alexandria

  2. Faction Marine

    10602 MN-29 N, Alexandria, MN 56308

    Mon 9am-5pm, Tue 9am-5pm, Wed 9am-5pm, Thu 9am-5pm, Fri 9am-5pm, Sat 10am-2pm

    New boatsUsed boatsService deptPartsFinancingStorage
    Call Website All Alexandria

  3. Faction Marine

    412 Geneva Rd NE, Alexandria, MN 56308

    Mon 9am-5pm, Tue 9am-5pm, Wed 9am-5pm, Thu 9am-5pm, Fri 9am-5pm, Sat 10am-2pm

    New boatsUsed boatsService deptPartsFinancingStorage
    Call Website All Alexandria

Crosslake 2

  1. MarineMax Crosslake

    36448 County Road 66, Crosslake, MN 56442-2506

    Mon-Fri 8am-5pm, Sat 8am-3pm

    New boatsUsed boatsService deptPartsFinancing
    Call Website All Crosslake

  2. Minnesota - Crosslake

    36448 County Road 66, Crosslake, MN 56442

    Mon-Fri 8am-5pm, Sat 8am-3pm

    New boatsUsed boatsService deptPartsFinancing
    Website All Crosslake

Excelsior 2

  1. MarineMax Excelsior

    141 Minnetonka Blvd, Excelsior, MN 55331-1908

    Tue-Fri 10am-6pm, Sat 10am-4pm

    New boatsUsed boatsService deptPartsFinancing
    Call Website All Excelsior

  2. Midwest - Minnesota - Excelsior

    141 Minnetonka Blvd, Excelsior, MN 55331

    Tue-Fri 10am-6pm, Sat 10am-4pm

    New boatsUsed boatsService deptPartsFinancing
    Website All Excelsior

Rogers 2

  1. MarineMax Rogers

    20300 County Road 81, Rogers, MN 55374-2161

    Mon-Fri 9am-6pm, Sat 9am-4pm

    New boatsUsed boatsService deptPartsFinancing
    Call Website All Rogers

  2. Midwest - Minnesota - Rogers

    20300 County Road 81, P.O. Box 250, Rogers, MN 55374

    Mon-Fri 9am-6pm, Sat 9am-4pm

    New boatsUsed boatsService deptPartsFinancing
    Website All Rogers

Brainerd 1

  1. Mclaughlin's Rv & Marine

    15808 Edgewood Dr, Brainerd, MN 56401-6954

    Mon 8am-6pm, Tue 8am-6pm, Wed 8am-6pm, Thu 8am-6pm, Fri 8am-5pm, Sat 8am-5pm

    New boatsUsed boatsService deptFinancingStorage
    Call Website All Brainerd

Cook 1

  1. Timbuktu Marine Sales and Service

    2475 Vermilion Dr, Cook, MN 55723-8834

    Winter: Mon-Fri 9am-4pm

    New boatsUsed boatsService deptFinancing
    Call Website

Nisswa 1

  1. MarineMax Nisswa

    24238 Smiley Rd, Nisswa, MN 56468-2449

    Mon-Fri 8am-5pm, Sat 8am-3pm

    New boatsUsed boatsService deptPartsFinancing
    Call Website All Nisswa

Spicer 1

  1. Spicer Sports & Marine

    13095 Green Lake Blvd, Spicer, MN 56288-8684

    New boatsUsed boatsService deptPartsFinancing
    Call Website All Spicer

St Cloud 1

  1. Miller Marine

    380 33rd Ave S, St Cloud, MN 56301-3716

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

Also in Minnesota

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 Minnesota are available via BoatDealerAtlas with 14 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 14 marine services in Minnesota on BoatDealerAtlas for local safety course recommendations.