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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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
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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
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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
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MarineMax Crosslake
36448 County Road 66, Crosslake, MN 56442-2506
Mon-Fri 8am-5pm, Sat 8am-3pm
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Minnesota - Crosslake
36448 County Road 66, Crosslake, MN 56442
Mon-Fri 8am-5pm, Sat 8am-3pm
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MarineMax Excelsior
141 Minnetonka Blvd, Excelsior, MN 55331-1908
Tue-Fri 10am-6pm, Sat 10am-4pm
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Midwest - Minnesota - Excelsior
141 Minnetonka Blvd, Excelsior, MN 55331
Tue-Fri 10am-6pm, Sat 10am-4pm
Rogers 2
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MarineMax Rogers
20300 County Road 81, Rogers, MN 55374-2161
Mon-Fri 9am-6pm, Sat 9am-4pm
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Midwest - Minnesota - Rogers
20300 County Road 81, P.O. Box 250, Rogers, MN 55374
Mon-Fri 9am-6pm, Sat 9am-4pm
Cook 1
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Timbuktu Marine Sales and Service
2475 Vermilion Dr, Cook, MN 55723-8834
Winter: Mon-Fri 9am-4pm
Nisswa 1
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MarineMax Nisswa
24238 Smiley Rd, Nisswa, MN 56468-2449
Mon-Fri 8am-5pm, Sat 8am-3pm
Spicer 1
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Spicer Sports & Marine
13095 Green Lake Blvd, Spicer, MN 56288-8684
Also in Minnesota
- Boat Dealers with Service & Repair79
- New Boat Dealers69
- Used Boat Dealers68
- Boat Dealers Offering Financing48
- Boat Dealers with a Parts Department47
- Boat Dealers with On-Site Storage36
- Boat Winterization and Shrink Wrap25
- Boats for Sale and Marine Inventory23
- Pontoon Boat Dealers18
- New and Used Fishing Boats for Sale18
- Boat Dealers Offering Marine Loans and Financing14
- Boat Dealers Accepting Trade-Ins and Buyouts10
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.
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 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 Minnesota on BoatDealerAtlas for local safety course recommendations.