This section directory features marine dealerships, brokers, and lenders offering financing programs for new and pre-owned watercraft. Marine loans differ from standard auto financing, often offering extended repayment terms up to 20 years for qualified buyers. Before applying, gather your recent tax documents, check your credit score, and ensure the vessel meets age restrictions set by marine lenders.
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Allied Marine
1785 SE 17th St, Fort Lauderdale, FL 33316-3013
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Allied Marine
801 Seabreeze Blvd, Fort Lauderdale, FL 33316
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Certified Yachts
1314 E Las Olas Blvd, Fort Lauderdale, FL 33301-2334
Mon-Fri 8am-6pm
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InterMarine Boats Headquarters
4550 Ravenswood Rd, Fort Lauderdale, FL 33312-5753
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Lauderdale Inflatables
1901 S Federal Hwy, Fort Lauderdale, FL 33316-3500
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Marine Connection
17 W State Road 84, Fort Lauderdale, FL 33315-2540
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Moretti Yachts
200 E Las Olas Blvd, Fort Lauderdale, FL 33301-1910
Mon-Sat 9am-8pm
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Neff Yacht Sales
777 SE 20th St, Fort Lauderdale, FL 33316-3573
Mon-Fri 9am-6pm, Sat 10am-4pm
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World Cat of South Florida - Fort Lauderdale
2541 W State Road 84, Fort Lauderdale, FL 33312-4831
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Yachting Select
1 E Broward Blvd, Fort Lauderdale, FL 33301-1804
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Boat Financing and Marine Loan Options near Fort Lauderdale
Good to know
What credit score is needed for a boat loan?
Most marine lenders require a minimum credit score of 660 for standard approval, while prime rates are typically reserved for scores of 720 and above. Applicants with credit scores between 600 and 650 may qualify through specialized lenders but should anticipate higher interest rates and down payments up to 20%. Lenders also evaluate your debt-to-income ratio, which ideally should remain under 45%.
What are standard interest rates and loan terms for boats?
Average marine loan interest rates generally fall between 7% and 12%, depending on creditworthiness, loan amount, and vessel age. Loan terms typically range from 10 to 15 years for amounts between $15,000 and $50,000, while loans over $100,000 can stretch to 20 years. Older vessels (over 10 to 15 years old) usually cap repayment terms at 5 to 7 years.
How much down payment is required for boat financing?
Standard down payment requirements range from 10% to 20% of the total purchase price, including sales tax and registration fees. High-value vessels over $100,000 or older pre-owned models frequently require a strict 15% to 20% down payment. Zero-down options exist primarily for well-qualified buyers with credit scores above 750 purchasing new models through manufacturer promotion programs.