yacht payment calculator

Boat Loan Calculator

This boat loan calculator will help you determine what the monthly payments on your boat loan could look like. Simply enter the loan amount, term and interest rate in the fields below and click calculate. This calculator will show you both the principal and interest payments you would make on a fixed-rate boat loan.

May 13, 2024

How does our boat loan calculator work?

The Bankrate boat loan calculator helps borrowers calculate monthly payments for fixed-rate boat loans . Boat loans are installment loans, meaning that you make fixed monthly payments on the principal balance – plus interest and fees – until the loan is paid off. 

Since boat loans have fixed rates, the interest rate you pay will never change over the life of the loan and the payments stay the same each month. Our calculator shows you the estimated monthly payment for your boat loan, based on the loan amount, term length and interest rate of the loan.

How much does a boat cost?

The cost of buying a boat varies widely depending on the type of boat you buy and whether you buy it new or used.

The average cost of a new boat is typically between $40,000 to $75,000, but you could end up paying far less or far more than that depending on what you’re looking for. If you’re in the market for an older model, for example, you could pay as little as $9,500 depending on the make and model of the boat. 

However, the boat’s price is just the first expense. When calculating the entire cost of financing a boat , you'll also need to consider:

• Regular maintenance costs.
• Potential storage fees if you plan to store your boat at a marina.

If you plan to take out a boat loan to finance the purchase, you also need to factor in the boat loan interest rate and fees.

How different factors affect your estimated boat loan payments 

Just like with any other loan, there are a number of factors that go into your total monthly payment. Other than the lender and its fee structure, here are a few considerations to make when calculating your potential payments. 

• Loan amount: Larger loan amounts will result in larger payments. However, if you prefer a longer term, the monthly responsibility will be lessened, but you'll end up paying more in interest charges over time. 
• Loan term: Secured boat loans — ones backed by collateral — can reach up to 15 years, while unsecured options typically range between two to five years. The longer your loan term, the smaller your monthly payments will be. 
• Credit score: Individuals with good-to-excellent credit  are more likely to score the best rates and terms .Those with lower credit will have a harder time getting approved and are more likely to pay more in interest each month. 

Secured vs. unsecured boat loans

Secured boat loans, similar to other secured personal loans , use the boat itself as collateral. This means that if the loan goes unpaid, the lender can repossess the boat to satisfy the delinquent payments. Despite this risk, borrowers with less-than-ideal credit can consider borrowing a secured loan, as they may have an easier time qualifying than with an unsecured loan . Plus, secured loans often come with the potential for lower interest rates and longer repayment terms, since the lender is incurring less risk by securing the boat as collateral. 

Unsecured boat loans do not require the financed boat as collateral. However, these loans tend to be more difficult to qualify for and interest rates tend to be higher. And nonpayment still has consequences. The lender could take the borrower to court if they violate the terms of repayment and default on the loan balance .

Bankrate Recommends:

Should you buy or rent a boat.

Buying and renting both have their own advantages and disadvantages. Compare the options to decide which is best for you.

How to finance a boat

Boats can be expensive, so many people can't buy one outright. Here is everything you need to know about your financing options for getting a boat.

How to qualify for a boat loan

If you plan to apply for a loan to finance your boat purchase, know what you'll need to qualify for a boat loan.

• Finance / /

Boat Loan Calculator

Whether you’re still just crunching numbers or are ready to make a purchase, Boat Trader’s boat loan calculator tells you everything you need to know. Use the calculator to determine how much a specific boat will cost you monthly, or work backward to calculate how much boat you can afford based on your budget. You can also see how different down payments and interest rates will affect your monthly payment.

Use Boat Trader’s convenient Boat Price Checker tool to make sure you’re not overpaying as you shop. And when you’re ready to apply, Boat Trader’s easy online boat loan application puts multiple trusted lenders at your fingertips.

How does the Boat Loan Calculator work?

Our boat loan calculator makes it quick and easy to estimate your monthly boat loan payments just by entering some key information. Simply plug in your boat’s purchase price and down payment amount, then enter a loan repayment term in months or years to see how much you’ll pay monthly based on the interest rate shown.

Want to see how much your boat loan will cost you in total? Just enter your desired monthly payment, loan term, and APR to get an accurate overall boat loan amount.

What are the benefits of using the Boat Loan Calculator?

Our easy boat loan calculator helps you make informed buying decisions and saves you time when shopping for a new or used boat. Just enter a little information to get quick and clear estimates and decide how much boat you can actually afford. Want to make sure your boat purchase fits your budget? Interested in how much your boat will cost you in the end? Our calculator does both!

How does the APR impact my payments?

Boat loan interest rates (expressed as APR) may vary based on market rates, loan amount, down payment amount, and your credit history. The higher your boat loan APR, the more you’ll pay monthly and over the course of your repayment.

For example, say you’re buying an $80,000 boat with a $10,000 down payment and 120-month repayment term. Qualifying for a 7% APR would give you a monthly payment of $813, but a 9.5% APR would mean a monthly payment of $906 for the same period of time.

How much boat can I afford?

When budgeting for a boat, be sure to account for your monthly payment as well as any additional boat expenses that might arise (like insurance, repairs, and maintenance). A boat loan calculator can help you determine affordability, even allowing you to work backward to find a purchase price and repayment terms that give you the monthly payment you need.

What is the typical down payment on a boat loan?

Typical boat loan down payments range from 10 percent to 30 percent, with some loans even allowing for zero down payment for borrowers who qualify. The most common down payment on a boat loan is 10 percent.The more you put down on your boat, the less your monthly payment and total boat cost will be.

What is the average boat loan payment?

Boat loan payments are affected by everything from purchase price, down payment amount, and interest rate to the borrower’s income and credit score… so they can vary widely. A rough estimate is 1% to 1.5% of the purchase price, but using a boat loan calculator is the best way to get your estimated boat loan monthly payment.

What factors influence boat loan interest rates?

Your boat loan’s interest rate, expressed as APR, is influenced by a number of factors including how much you borrow, your chosen repayment term, and your credit score. This APR determines how much your loan will cost you, so lowering your interest rate — either by offering a larger down payment, improving your credit score, or choosing a shorter loan term — can save you money.

What is the cost of owning a boat?

Your boat loan monthly payment isn’t the only expense to keep in mind when budgeting. You should also plan for additional costs such as boat insurance, maintenance, repairs, and storage. These can easily add hundreds or even thousands of dollars a year to your total boat ownership costs. Be sure to set aside enough to cover both the expected and unexpected when budgeting for your next boat.

Are there different types of boat loans?

There are a few different types of boat loans to choose from depending on your needs and the lender you pick. Fixed-rate loans offer a set interest rate and amortization schedule over the duration of the loan term, while variable-rate loans have an APR that can fluctuate over time.

Not sure which is best? Boat Trader makes it easy to shop and compare terms from over 15 marine lenders and get the boat loan that’s right for you.

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Finance your dream boat

Here’s what you need to know.

Working with leading marine lenders, our partners are able to offer competitive rates and terms to help you purchase a new boat or refinance your existing boat loan. We offer loans for powerboats, sailboats, multi-hull boats, pontoons, and even personal watercrafts.

Use our Boat Loan Calculator to determine a monthly payment that’s right for you, then fill out an Online Loan Application for our lending partner to underwrite.

• If you are applying for a loan for $25,000 or greater, click here to apply online .

Once your application is completed, a representative will evaluate the application to determine the next steps, in an effort to make the closing process as seamless as possible.

Calculate Payments with Our Boat Loans Calculator

Use our boat payment calculator to determine a monthly payment that you can afford when looking to finance a new or used boat.

Simply enter your desired amount, estimated interest rate, and the loan term over which you intend to pay back the loan. Once you've input the information, the calculator will generate your estimated monthly payment on your boat loan. Take this number and plug it into your current monthly budget.

Boat Loan Calculator

Monthly Payment

Total Loan Amount

Your Monthly Payment is:

Your Max Loan Amount is:

Helpful Terms and Phrases

Monthly Payment What you're paying out of pocket every month to repay your loan.

Number of Years How many years you're looking to pay back the loan (term of loan).

Interest Rate Interest rate accompanying this type loan.

Total Purchase Price This is the total cost of your boat purchase. Don't include sales tax in this amount.

Down Payment This is the total out-of-pocket amount you are paying toward your purchase. Standard down payment is 15% but depending on your boat age, loan amount, and loan term the required down payment can be between 10% - 30%.

Deposit This is the total amount you have already paid toward your down payment.

Trade Allowance The total amount that you are given for any vessel that you trade-in as part of this purchase.

Amount Owed On Trade Total loan balance outstanding on the trade-in.

To get started, you will need to complete the Online Loan Application. Our lending partner will do an initial review and credit inquiry and likely will request additional financial information such as tax returns or bank statements to help them make a decision. Once approved, the lender will list any additional items needed prior to closing (for example, a marine survey and executed sales contract). Next, our lending partner will collect information from the seller(s) to finalize the loan closing paperwork. Once readied, our lending partner will send closing documents to the buyer(s) and the seller(s) for completion. Lastly, our lending partner would send the loan proceeds to the seller(s) in accordance with the funding instructions.

Boat loans share some similarities with both vehicle and home mortgage financing. You will need to complete a loan application for our lending partner to underwrite. Similar to a home mortgage, the bank can ask for your personal federal tax returns, proof of assets, and may ask for additional financial information depending on each situation.

Similar to a vehicle loan, the lender has a loan‐to‐value guideline that is based on the book value for used boats and the contract price for new boats. All of the lender's underwriting criteria must be met to offer approval, and these guidelines tend to be more rigorous than vehicle financing. If approved, the lender would outline any additional items needed prior to closing and closing paperwork would be prepared once all of the necessary information has been collected.

You will need to provide basic demographic and employment information, complete a personal financial statement that lists all your assets and liabilities, and provide us with information on the boat you are interested in buying or refinancing. As part of the underwriting process, our lender will likely ask for tax returns and bank statements for non-retirement and retirement assets to verify your income and net worth, a copy of the sales contract, and a marine survey report (on most used boats). At the end of the application, you can securely upload these documents to help speed up the review of your application.

Most applicants can expect to have a decision on their application in 2-4 business days. Our lenders will often ask for financial information before making a decision. 

Typically, our lenders will require a boat to be documented with the United States Coast Guard if it meets the Coast Guard's net tonnage standard. If the boat you wish to purchase is eligible to be documented, our finance department or lender will prepare a First Preferred Ship Mortgage as part of the loan closing paperwork and file it with the Coast Guard as the instrument that secures the bank's lien on the vessel. If the boat is not large enough to be documented with the Coast Guard, a formal mortgage would not be prepared; however, the lender would still record its lien against a state title or equivalent document. In either event, the lien would be released once the loan has been repaid.

Our lenders do not issue pre-approvals that are similar to what you get when purchasing a house. You are able to apply without having a sales contract on a boat, and you aren't locked into buying the boat that you apply with, but you do need to list a boat on the application.

The rates and terms are highly dependent on the boat, so we recommend applying with a boat that is similar in age, length, and type to the one you are interested in purchasing, and use a realistic purchase price. 

Credit requirements vary by lender, but our lenders generally require applicants to have a credit score above 680 with no major credit issues such as a bankruptcy, foreclosure, settlement or charge-off within the past 3 – 5 years.

Generally, marine financing is subject to higher credit and other underwriting standards than that for vehicles or even home mortgages. Our lenders look for applicants with better credit, but there are other companies that will consider individuals with past credit issues.

Our lender will first review your credit score and history to determine if you meet their credit guidelines then review your financial information. When evaluating your application, our lender will look to see that you currently have the funds to make the down payment without depleting your assets, and verify your net worth and debt-to-income ratio (monthly debt payments divided by monthly income) meets their guidelines. They will also review the boat to ensure the purchase price is in line with the market value of the boat by using third-party valuation guides like NADA, BUC and ABOS.

The loan term available will largely depend on the boat you select. We work with banks that can offer terms up to 20 years, subject to the age and type of boat, as well as the loan amount available from the lender.

Once the lender collects all the required information from the buyer and seller, both parties will receive paperwork that they need to sign and notarize. Once the lender receives the paperwork back from both parties, they will disburse funds in 1-2 business days. The buyer and seller do not need to visit a bank or be in the same place to close the loan. If the boat is currently financed, our lender will disburse the funds directly to the lienholder to pay off the loan, otherwise, the funds will be paid to the seller by check or wire transfer.

BoatUS partners with leading marine lenders that consider various types of collateral, including larger, more expensive vessels. Some restrictions do apply — for example, we cannot accept applications for steel‐hull boats at this time.

Use our Online Loan Calculator to determine your monthly payment or enter the desired monthly payment to see the loan amount. to determine your monthly payment or enter the desired monthly payment to see the loan amount.

We recommend you access the NADA Guides Boat Value Online Tool , powered by J.D. Power.

• Loan amounts from $10,000 for boats model year 1998 and newer
• Multi Hull Boats
• Pontoon Boats

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Boat Loan Payment Calculator

Are you ready to buy a boat use our boat loan calculator to estimate your payments and see how affordable owning a boat can be., monthly budget.

Enter your budget information below and we'll calculate your monthly payment.

** Estimated monthly payment may be inaccurate without title, taxes, and fees. Please try again later for the most accurate estimations.

Enter your monthly budget information below and we'll calculate your estimated total boat price.

How to Use Our Boat Loan Calculator

Using our Boat Loan calculator is simple! Enter the cost of a boat to determine your estimated monthly payment. Or, start with your monthly boat budget to determine what boat loan amount you can afford.

Once you've determined your monthly payment, read our step-by-step guide on How to Get a Boat Loan . This guide provides more information about boat financing and will prepare you to complete a loan application.

How to Get Boat Financing

Explore Boat Financing Options

Use Our Boat Loan Calculator:

Our user-friendly boat loan calculator makes it easy to estimate your monthly payments. Once you determine the type of boat you're interested in, our calculator considers various factors like loan amount, interest rate, and loan term to provide you with a clear picture of what to expect financially.

Pursue Boat Financing Tailored to Your Needs

Discover how boat loan amounts and terms typically work. We'll walk you through the intricacies of financing, considering the type of boat you desire and crafting a plan that fits your budget and lifestyle seamlessly.

Owning a Boat Is an Affordable Investment:

Contrary to common misconceptions, owning a boat can be remarkably affordable with the right financing strategy. Using our boat loan calculator and the various boat financing resources we provide you can determine the right boat loan for you.

Why Choose Boat Financing?

Flexible Financing Options:

Financing gives you access to a wide range of flexible options tailored to your needs and your budget. You can choose from different boat loan options based on your preferences. If you want to pay higher amounts in a shorter period, there are options for that. Alternatively, if you prefer more flexibility with your finances, there are options for longer loan terms available.

Preserve Your Savings:

Instead of using your savings or selling assets, financing allows you to keep your financial safety net. You can still get the boat of your dreams without depleting your savings. Financing provides a way to make a large purchase without sacrificing your financial security. It allows you to keep your savings intact for other investments or unexpected expenses.

Build Credit:

Responsibly managing a boat loan is an excellent way to bolster your credit history. By making timely payments on your boat loan, you not only fulfill your dream of boat ownership but also strengthen your financial standing for future endeavors.

Boat Buyer's Guide: How to Buy a Boat

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Calculate Your Loan or Monthly Payment.

Whether this is your first boat or you’ve purchased so many you’ve lost count, our Boat Loan Payment Calculator is a simple tool to help you assess a price range you should target before shopping for your next boat. Get started with our Boat Loan Payment Calculator today!

Disclaimer: Results received from this calculator are designed for illustrative purposes only, accuracy is not guaranteed. Be sure to consult with a professional for an accurate estimate based on your unique financial circumstances.

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Boat Loan Calculator

Calculate the payment for a boat loan using our loan calculator below.

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Boat loan summary:.

Monthly Payment:
Loan Amount:
Total Interest:
Total Payments:
Payoff Date:

Amortization Schedule:

Amortization schedule for a $26,500.00 loan with a 5% interest rate and a 60-month term.

Date	Payment	Principal	Interest	Remaining Balance
Sep 2024	$500.09	$389.67	$110.42	$26,110.33
Oct 2024	$500.09	$391.30	$108.79	$25,719.03
Nov 2024	$500.09	$392.93	$107.16	$25,326.10
Dec 2024	$500.09	$394.56	$105.53	$24,931.54
Jan 2025	$500.09	$396.21	$103.88	$24,535.33
Feb 2025	$500.09	$397.86	$102.23	$24,137.47
Mar 2025	$500.09	$399.52	$100.57	$23,737.95
Apr 2025	$500.09	$401.18	$98.91	$23,336.77
May 2025	$500.09	$402.85	$97.24	$22,933.92
Jun 2025	$500.09	$404.53	$95.56	$22,529.39
Jul 2025	$500.09	$406.22	$93.87	$22,123.17
Aug 2025	$500.09	$407.91	$92.18	$21,715.26
Sep 2025	$500.09	$409.61	$90.48	$21,305.65
Oct 2025	$500.09	$411.32	$88.77	$20,894.33
Nov 2025	$500.09	$413.03	$87.06	$20,481.30
Dec 2025	$500.09	$414.75	$85.34	$20,066.55
Jan 2026	$500.09	$416.48	$83.61	$19,650.07
Feb 2026	$500.09	$418.21	$81.88	$19,231.86
Mar 2026	$500.09	$419.96	$80.13	$18,811.90
Apr 2026	$500.09	$421.71	$78.38	$18,390.19
May 2026	$500.09	$423.46	$76.63	$17,966.73
Jun 2026	$500.09	$425.23	$74.86	$17,541.50
Jul 2026	$500.09	$427.00	$73.09	$17,114.50
Aug 2026	$500.09	$428.78	$71.31	$16,685.72
Sep 2026	$500.09	$430.57	$69.52	$16,255.15
Oct 2026	$500.09	$432.36	$67.73	$15,822.79
Nov 2026	$500.09	$434.16	$65.93	$15,388.63
Dec 2026	$500.09	$435.97	$64.12	$14,952.66
Jan 2027	$500.09	$437.79	$62.30	$14,514.87
Feb 2027	$500.09	$439.61	$60.48	$14,075.26
Mar 2027	$500.09	$441.44	$58.65	$13,633.82
Apr 2027	$500.09	$443.28	$56.81	$13,190.54
May 2027	$500.09	$445.13	$54.96	$12,745.41
Jun 2027	$500.09	$446.98	$53.11	$12,298.43
Jul 2027	$500.09	$448.85	$51.24	$11,849.58
Aug 2027	$500.09	$450.72	$49.37	$11,398.86
Sep 2027	$500.09	$452.59	$47.50	$10,946.27
Oct 2027	$500.09	$454.48	$45.61	$10,491.79
Nov 2027	$500.09	$456.37	$43.72	$10,035.42
Dec 2027	$500.09	$458.28	$41.81	$9,577.14
Jan 2028	$500.09	$460.19	$39.90	$9,116.95
Feb 2028	$500.09	$462.10	$37.99	$8,654.85
Mar 2028	$500.09	$464.03	$36.06	$8,190.82
Apr 2028	$500.09	$465.96	$34.13	$7,724.86
May 2028	$500.09	$467.90	$32.19	$7,256.96
Jun 2028	$500.09	$469.85	$30.24	$6,787.11
Jul 2028	$500.09	$471.81	$28.28	$6,315.30
Aug 2028	$500.09	$473.78	$26.31	$5,841.52
Sep 2028	$500.09	$475.75	$24.34	$5,365.77
Oct 2028	$500.09	$477.73	$22.36	$4,888.04
Nov 2028	$500.09	$479.72	$20.37	$4,408.32
Dec 2028	$500.09	$481.72	$18.37	$3,926.60
Jan 2029	$500.09	$483.73	$16.36	$3,442.87
Feb 2029	$500.09	$485.74	$14.35	$2,957.13
Mar 2029	$500.09	$487.77	$12.32	$2,469.36
Apr 2029	$500.09	$489.80	$10.29	$1,979.56
May 2029	$500.09	$491.84	$8.25	$1,487.72
Jun 2029	$500.09	$493.89	$6.20	$993.83
Jul 2029	$500.09	$495.95	$4.14	$497.88
Aug 2029	$499.95	$497.88	$2.07	$0.00

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On this page:

How to calculate the payment for a boat loan, step one: determine the loan amount, step two: determine the interest rate, step three: determine the loan term, step four: calculate the monthly payment, step five: account for additional costs.

Joe is the creator of Inch Calculator and has over 20 years of experience in engineering and construction. He holds several degrees and certifications.

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Stephen specializes in all aspects of the automotive world and has been an automotive enthusiast since childhood. He follows the global automotive industry closely, with an eye on the latest vehicle technologies.

Purchasing a boat is a significant investment, and most buyers opt to finance the purchase through a loan. Understanding how much you’ll need to pay each month helps you budget and ensures that you’re not overextending your finances.

Just like an auto or motorcycle loan, the payment for a boat loan is determined by a few key components: the loan amount, interest rate, and loan term. Understanding these factors allows you to calculate your monthly payment to ensure you can affordably enjoy your time on the water.

The loan amount is the total amount of money borrowed from a lender to purchase the boat. This might include the price of the boat itself, a trailer, accessories, taxes, and loan fees. You can reduce the loan amount by making a down payment or trading in your old boat.

The interest rate is the premium charged by the lender when they borrow the money, and it’s often expressed as an annual percentage rate (APR). Interest rates can vary by lender, your credit score, and the current market conditions. If you have a higher credit score, you may qualify for a lower interest rate , and thus, lower payments.

The loan term is the length of time you agree to pay the entirety of the loan back to the lender. The term is typically expressed in months and usually ranges from 24 to 60 months.

Loans with longer terms typically carry lower monthly payments but charge more interest over time.

To calculate the monthly payment for a boat, you can use the formula for a loan payment:

Where: PMT = monthly payment PV = loan amount r = interest rate n = number of payments

There are usually a wide variety of costs and fees associated with owning a boat. Many of these may not be included in the loan payment . These can include fuel (for powerboats), insurance, registration fees, storage costs, maintenance, repairs, a cover, a top, a trailer and its upkeep, dock or marina fees, haul-out, winterizing, safety equipment, accessories, safety courses, and your boating license.

While these may not affect the loan payment directly, they can definitely impact your overall budget and affect the total cost of owning a boat each month.

You can use this same method to calculate the loan for an RV or ATV as well.

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Boat Loan Payment Calculator

Our Boat Loan Payment Calculator is a valuable tool designed to assist you in estimating your monthly payments for your boat loan . The process is straightforward: just input the loan amount, interest rate, and Term in the designated fields below . This calculator will provide a breakdown of both principal and interest payments, granting insight into your fixed-rate boat loan obligations .

Understanding Boat Loans. What is a Boat Loan?

A boat loan operates similarly to an auto loan but is tailored specifically for acquiring boats of various types and sizes . Whether your sights are set on a compact recreational boat or an opulent yacht, a boat loan offers the financial means to transform your maritime aspirations into reality , aligning seamlessly with your financial capacity and preferences .

A multitude of lenders offer boat loans, each with their own specialization in marine financing or personal loans tailored for boat acquisitions and related expenses. Exploring online boat loan options from personal loan lenders can expand your choices, potentially leading you to the most economically viable solution for your unique requirements.

Navigating the Application Process

Typically, the boat loan application process involves a comprehensive form that delves into your financial history and credit standing. To evaluate your eligibility, lenders may request tax returns, asset verification, and a comprehensive overview of your personal finances. Having this information at hand facilitates a smoother application process .

Approval for a boat loan is generally swift, with your credit score and income being pivotal factors in determining the outcome. It's worth noting that while many banks require a down payment ranging from 10 to 20 percent for boat purchases , certain lenders offer the option to finance the entire cost, enabling you to acquire your desired vessel without an upfront payment.

Our Boat Loan Payment Calculator and expert guidance ensure that your journey towards boat ownership is marked by clarity, convenience, and informed decisions. Reach out to us to explore your options and embark on a maritime adventure with confidence.

Calculate Your Boat Loan Payments

Navigating Boat Costs

The cost of purchasing a boat varies widely , influenced by factors such as the boat's type, condition (new or used), and specific features. On average, new boats typically fall within the range of $40,000 to $75,000 , though individual preferences may lead to higher or lower costs. Opting for an older model could present opportunities to secure a vessel for as little as $9,500, contingent on the make and model.

However, the boat's acquisition cost is just the starting point. To comprehend the comprehensive financial commitment, ongoing expenses like regular maintenance, insurance, and potential storage fees at marinas must be considered. When contemplating boat loan financing , factoring in the interest rate and associated fees becomes imperative.

Exploring Loan Terms

Boat loans , categorized as unsecured personal installment loans, typically align with the terms prevalent in the personal loan sector. Loan term length influences both your monthly principal payments and the duration of the loan. While lenders offer diverse options , ranging from one to seven years, actual eligibility hinges on the loan amount . Smaller loans might not qualify for extended repayment periods, leading to larger monthly payments.

Analyzing Interest Rates

The spectrum of best personal loan interest rates spans 3 percent to 36 percent , with the present average at 10.96 percent. Throughout 2022, the average personal loan rate experienced gradual increments due to rising federal rates, and this trend is expected to persist in 2023. However, the specific rate you secure is contingent on factors such as the lender, your credit score, financial history, and loan size.

Deciphering Secured vs. Unsecured Loans

Secured boat loans , akin to secured personal loans, employ the boat as collateral. This arrangement grants lenders the authority to repossess the boat in case of default. Despite the inherent risk, individuals with less-than-perfect credit might find secured loans more accessible , often accompanied by favorable interest rates and extended repayment terms.

On the other hand, unsecured boat loans lack the requirement of using the boat as collateral, eliminating the risk of repossession. However, these loans tend to be more selective in approval, often leading to higher interest rates. It's important to note that even in unsecured loans, defaulting can result in legal consequences, as lenders may resort to legal action if repayment terms are violated.

At Bankrate, our boat loan calculator and comprehensive information empower you to make informed decisions . Whether it's navigating costs, analyzing loan terms, or evaluating secured vs. unsecured options, our professional insights provide the clarity you need . Reach out to us to embark on your journey towards boat ownership with confidence and wisdom .

Advantages of Financing a Boat or Yacht.

Buying a boat or yacht on credit in the United States can offer many advantages, here are some of them:

• Accessibility: Financing a boat or yacht can make your dream of owning a boat a reality without having to pay a large amount of cash up front.
• Flexibility: Financing options often offer a variety of repayment terms and interest rates, allowing buyers to find a plan that fits their individual financial needs.
• Preservation of capital: By financing a boat or yacht, you can preserve your savings and use them for other purposes, instead of spending all of them on the purchase of a boat.
• Improvements and upgrades: By financing a boat or yacht, you can include additional costs such as improvements and upgrades in the financing, allowing you to customize your boat to suit your needs and preferences.
• Long-term planning: By financing a boat or yacht, you can plan your expenses for the long term and have a clear idea of how much it will cost to maintain and enjoy your boat over the years.

Financing your marine purchase can be an attractive option for those who wish to enjoy boat ownership without having to spend a large amount of money all at once. However, it is important to carefully consider the available financing options and make sure you understand the terms and conditions before making a decision.

For more information and or if you qualify for a boat loan

Drew Albright

Craig is the man. He was extremely prompt and to the point with all the paperwork. Overall an exceptional experience working with Craig and Vantage.

John Pierce

I have done many loans in my life and this one tops the easiest & professionally handled loan yet. Angela Alford was the best and handled her business quickly so I could close on this boat loan quickly. Vantage is the best in the Business !! Thanks So much and I will be sending many customers your way Angela ! Thank You

Shannon was great to work with! Always available throughout the entire process

Michael Keyser

I bought a boat from a private seller. Shannon was very responsive to me and the seller. The seller had a issue with title and she was very patient until we got it straightened out. Seller was paid very quickly and I was able to pick up boat. I will recommend Vantage for financing to anyone looking to buy a boat. Tight lines! Thanks Shannon !

Kenny Nessler

Shannon Raskob was a pleasure to work with, she provided excellent communication, always answered questions, & made this process quick & easy! Would highly recommend!

Ron Mitchell

Hands down one of the best companies I have dealt with for financing. If you are buying a boat from an individual do not look anywhere else!!! Tony Bruno and his staff are detail oriented and protect you and your information. I highly recommend Vantage!!!

Anthony Biddy

Craig Miller went above and beyond. the process was going slow due to the holidays but that did not stop him. Craig was on it everyday until the process was complete. Thanks for the hard work Craig.

Skyler Clark

Vantage Recreational Finance was a pleasure to work with. I was lucky enough to work with Shannon Raskob and she was fantastic! Great communication from texts to calls and emails. She was always quick to respond and very personable. Thank you Shannon and thank you Vantage Recreational Finance for making my dream of owning this boat a reality!

Craig is honest and hardworking. He will shoot you straight. If it is possible to make things happen he will. I would recommend getting boat financing through Craig to anyone. We bought a new boat at a dealership and even though the dealer had their own finance relationship Craig still beat it!

Financing for All Your Marine/RV Needs

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Ready to buy a boat? Use our easy boat loan calculator to check your monthly payments or calculate your total loan amount.

Adjust the loan term, down payment amount and interest rate to see results based on the numbers you provide - and how any changes to those numbers may affect your payment.

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How Trident Funding Boat Loans Work

It’s as easy as 1-2-3, 1. calculate your payment.

Whether you’re an avid boater or new to the boating world, this loved pastime is available to everyone. If you’re buying a new or used boat, you can use Trident’s boat loan calculator to understand your financing options. Simply enter your desired monthly payment to get the loan amount you can afford or provide your total boat loan amount and loan terms to return your estimated monthly payments. 

2. Apply for a Loan

Now that you have an idea of your estimated boat loan monthly payment or total loan amount, you can submit your loan application. It only takes a few minutes! We’ll ask you to tell us about the type of boat you’re looking for and a few details about your financial situation so we can match you to the marine lender that’s right for you.

3. Get on the Water!

Once you submit your boat loan application, our dedicated team of loan officers gets to work! We usually have a response from a marine lender in 24-48 hours. If we need additional documentation, we’ll reach out. All you have to do is dream about getting on the water. We’ll help you find the  interest rate  and boat loan lender that fit your budget and lifestyle.

Already started a loan application with us?  Log in  to continue.

What are people saying about Trident Funding?

What is a boat loan calculator.

A boat loan calculator is an online tool that helps potential boat buyers estimate the cost of financing a boat purchase. This tool takes into account several factors such as the boat’s price, down payment, interest rate, and loan term, which are used to calculate monthly payments and the total cost of the loan. You can adjust the loan term, down payment amount, sales tax, and  interest rate to see boat loan payments based on the numbers you provide – and how any changes to those numbers may affect your payment.

Using a boat loan calculator helps potential borrowers determine how much they can afford to borrow, how much their monthly payments will be, and how much interest they will pay over the life of the loan. This information can help borrowers make an informed decision about their boat purchase and ensure they stay within their budget.

How To Calculate A Boat Loan Payment

• Determine your loan amount: This is the total amount of money you will be borrowing for the boat purchase. It is typically the price of the boat minus any down payment or trade-in value.
• Determine your loan term: This is the length of time over which the loan will be repaid, usually in months. For example, a 20-year loan would be shown as 240 months. 
• Check your interest rate: This is the annual percentage rate (APR) you will be charged on the loan. Rates are impacted by your credit score, the size of the loan, and the length of the loan term. 
• Use a boat loan calculator: There are many boat payment calculators available online that can help you estimate your monthly loan payments. Simply enter your loan amount, loan term, and interest rate, and the calculator will provide an estimate of your monthly payments. Alternatively, you can enter your desired monthly payment, loan term, and interest rate and see a total loan amount so you can start boat shopping.

It’s important to note that the monthly payment estimate provided by the calculator is based on a fixed interest rate and assumes that you will make all payments on time. Actual monthly payments may vary depending on your credit score, the lender you choose, and other factors.

Also, keep in mind that the boat loan payment may not be the only expense associated with boat ownership . You’ll need to consider additional costs such as insurance, maintenance, docking fees, and fuel.

Frequently Asked Questions

How long is a typical boat loan for.

Typically, the maximum term for a  boat loan  is 20 years, however the maximum or standard term for a boat loan can be affected by the age of the boat and the size of the loan request. The next most common terms are 15 and 10 years.

How much yacht can I afford?

Check out a  yacht loan calculator , to see how much yacht you can afford. Affordability will be based on things like your income, credit score, debt-to-income ratio, purchase price of the boat, loan term, and interest rate. When you see the estimated yacht loan monthly payment, remember that it doesn’t include insurance, marina fees, docking or storage fees, maintenance, repairs, fuel, license, or crew costs. So, make sure there is room in your budget to allow for these extra expenses.

Is it smart to finance a boat for 15 years?

Financing a boat over a 15 or 20 year term is very common. Banks tend to offer longer terms on boat loans because the depreciation schedule of a boat is typically longer than other assets like automobiles.

Can I get a 20-year loan on a used boat?

Yes, you can get a 20-year term on a used boat. However, the boat usually needs to be less than 15 years old, and most lenders will also have a minimum loan requirement in order to qualify for a 20-year boat loan term.

Can I get a boat loan with a 600 credit score?

You can get a boat loan with a 600 credit score, but most lenders prefer credit scores of 700 or higher. With a lower credit score, you should expect a larger down payment or a higher boat loan interest rate. Use our boat loan calculator to estimate your monthly interest rate and then  apply for your boat loan  today.

Can I purchase a boat with bad credit?

You can purchase a boat with bad credit, but you probably won’t qualify for boat loans if you have bad credit. If your credit score is below 600, you may need to pay cash for the boat, work out an owner financing arrangement with the seller, or put down a large down payment. Other options may include taking out a personal loan, getting a loan from your credit union, or using boat dealer financing. Some boat loans may allow a qualified cosigner but the cosigner would have to meet the lender’s criteria and agree to be responsible for the loan.

Keep in mind that some lenders won’t work with you at all if your credit score is below 600, so it may be advantageous to raise your credit score first and then apply for a boat loan. The best interest rates and terms are reserved for the most credit-worthy borrowers. So, having a higher credit score will save you money over the term of the loan.

Can a high credit score save me money when financing a boat?

Having a high credit score to finance a boat will save you money in a few different ways. Firstly, you will get access to the best rates, terms, discounts, and the lowest-fee boat loans. You may also be able to choose your loan term, and your down payment requirements may be lower. 

For example, if you can afford the higher monthly payment of a 10-year loan term, instead of a 20-year loan term, you can potentially save thousands of dollars in interest because you will be paying off the loan over a shorter period of time. 

However, the main way that you save money on a boat loan is with a lower interest rate. Assuming that you have a high credit score, and get a 6.25% rate on a $200,000 boat loan, with a term of 20 years, you will have paid a total of $350,845.54 for the boat over the 20-year term. This only includes principal and interest and is only applicable if you have a fixed rate loan. 

Now, let’s assume your credit score isn’t great, and you get a 9.0% interest rate on the same $200,000 loan. You will have paid a total of $431,868.46. That means that a borrower with a higher credit score will have spent $81,022.92 less than the borrower with the lower credit score. That’s a huge amount of money that could be invested or even used to buy another boat!  

What are the best boat loan terms?

Boat loan terms vary in length, anywhere from seven to 20 years, and occasionally 25 years. There isn’t really a ‘best’ when it comes to boat loan terms. It’s all relative to your financial situation, the year of the boat, and the loan amount. If you have the extra money budgeted for larger monthly payments, and don’t want to pay additional interest, then a shorter-term boat loan may be better for you. 

Conversely, if you’re buying an expensive boat, and want the cheapest monthly payments available, then a 20-year boat loan term may be more suitable for you. When you  apply with Trident Funding , they will go over different boat loan terms,  interest rates , and monthly payment options with you.

What is the minimum credit score for a boat loan?

There is no definitive minimum credit score required, but there are some banks that will consider applicants with scores in the 600 or 640 range. You will typically need a credit score of at least 600 to get approved for a  boat loan . The higher your credit score, the lower your interest rate will be, which will save you money over the term of the loan. Additional credit limitations and requirements will typically be required for scores under 700. Use our boat loan calculator above to determine your estimated monthly payment based on your FICO credit score.

Some tips to raise your credit score include

• Make on-time payments to your creditors
• Ask for credit limit increases on your credit cards but don’t use the additional credit
• Pay down your credit card balances so they’re 25% or lower
• Regularly check your credit report and dispute any errors

How much boat can I afford?

The amount of boat that you can afford depends on a number of factors. It will depend on your income, your credit score, and your liabilities. You may qualify for a million dollar boat solely based on your income, but when you factor in your monthly expenses, that number may change drastically.

The lender will take a look at your overall financial profile including your debt-to-income ratio to ensure that you can afford to purchase the boat and keep up with the monthly payments. You can check out a  boat loan calculator  to get an idea of how much boat you can afford. The calculator is a great place to start when you’re boat shopping, but don’t forget about additional expenses such as boat insurance, marina fees, and ongoing maintenance costs.

Can you get a 30 year mortgage on a yacht?

Yacht loan terms typically go up to 20 years, but you may find one for 25 years if you and the boat meet certain qualifications. A  yacht loan  is different from a mortgage, it’s more comparable to an auto loan, just with a longer loan term.

The yacht serves as the collateral and you typically use your own funds for a downpayment and finance the remainder of the purchase price. You will pay monthly payments throughout the life of the loan. Like auto loans, yacht loans require insurance and each lender will have their own qualifications that need to be met in order to be approved for the loan.

What credit score do I need to qualify for a boat loan?

A good  credit score  to finance a boat is typically 700 or higher. Most marine lenders only work with creditworthy borrowers who have what is considered great or excellent credit. Sure, you may qualify for a loan with a lower credit score, but the maximum loan amount may be lower, the monthly payment may be higher, your loan application may take longer for credit approval, and you may be required to put down a larger down payment than a borrower who has a higher credit score. 

If you’re not sure what your credit score is, or you want to know if you will get approved for a boat loan or not,  apply with Trident Funding  online in just a few minutes. The initial application only requires a soft-pull on your credit score, and you will quickly find out if a boat loan is in your near future, or if you need to raise your credit score first.

What are typical terms for boat financing?

The length of the loan is referred to as a  loan term . Loan terms vary depending on the loan product, the type of boat, the age of the boat, the loan amount, and your financial standing. However, most boat loans range from 10- to 20-year terms. A 20-year term is usually the maximum term for a boat loan, however, sometimes a lender will consider a 25-year loan term. The next most common boat loan terms are 15 and 10 years. Typically loan amounts over $50,000 can go to 15 to 20 years and loan amounts under $50,000 can go to 12 to 15 years.

What is the typical down payment on a boat loan?

The amount of the down payment on a boat loan varies. It’s usually anywhere from 10% to more than 30%. It depends on the borrower’s credit score, income, and overall financial profile. It also depends on the loan amount and the loan term. Generally, borrowers with lower credit scores will be required to put down a larger down payment. This is to mitigate some of the lender’s risk and it shows ‘more skin in the game’ because the borrower has more to lose if they default on the loan. 

If you like to know the numbers and want specifics, here goes. The average cost of a new boat is around $70,000. If you have excellent credit, expect to put down at least $7,000. If your credit is less than excellent, you may need to put down anywhere from $14,000 to more than $21,000. This is just the amount needed for the downpayment and doesn’t include closing costs or insurance etc.

What is the average boat payment?

Every borrower is different and their credit score and income will affect the boat payment. The  interest rate , the boat term, and the purchase price of the boat will also affect the amount of the monthly payment. If you want to roughly estimate what your boat payment will be, calculate 1 to 1.5% of the value of the boat. For example, if you  buy a boat  worth $100,000, expect to pay between $1,000 and $1,500 per month. Keep in mind, this is just a rough estimate, and you can get a better idea of your monthly payment, by using a  boat loan calculator .

3 Actual rate, loan amount and term can vary depending on the lender, FICO score, credit history, lender assets/liquidity requirements, down payment, debit and payment to income ratios, collateral type, age of collateral, loan to value, vehicle registration (LLC), loan type (Purchase versus Refinance), state of residency and other criteria. Loan is for recreational pleasure use only. Rates and terms are subject to change without notice based on market conditions and borrower eligibility. Other rates and loan terms are available. † Max loan term may vary. Rates may not apply to customers residing in states or Puerto Rico.

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Boat Loan Calculator

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Monthly Payment

How Much do boats cost?

Boat prices can fluctuate significantly, influenced by factors such as the type of vessel, geographical location, and whether it’s new or used. Additionally, there are additional expenses to consider, such as essential accessories like trailers, anchors, etc.

The figures provided below are approximate estimates. While these numbers can offer a starting point, the most accurate way to determine a boat’s purchase price is by conducting thorough research and comparison shopping.

Type Of Boat	Average Cost
Kayak	$200 – $5,000
Bass Boat	$2,000 – $100,000
Flats Boat	$5,000 – $230,000
Bay Boat	$5,000 – $300,000
Pontoon Boat	$5,000 – $200,000
Offshore Boat	$20,000 – $3,000,000
Yacht	$300,000 – infinity

How to calculate a boat loan payment

Our comprehensive guide to mastering boat loan payments! Below, we’ll provide you with essential insights and actionable steps to help you navigate the process with ease:

• Principal Amount: The total sum borrowed for purchasing the boat.
• Interest Rate: The percentage charged by the lender for the borrowed funds.
• Loan Term: The duration over which the loan will be repaid, typically in months or years.
• Principal Amount : The total cost of the boat, including any additional fees or taxes.
• Interest Rate : The annual interest rate offered by the lender.
• Loan Term : The length of time over which the loan will be repaid.

At the appropriate time, we recommend that you rely upon actual interest rate and payment information provided to you by your dealer or lender. This ensures you have the most accurate and up-to-date details, tailored to your specific loan scenario. Your dealer or lender will be able to provide precise figures that reflect current market conditions, helping you make an informed decision.

By combining these specifics with professional advice, you can confidently navigate your boat loan process.

• Example Calculation: Let’s illustrate with an example: a $30,000 loan, 6% interest rate, and a 5-year term (or 60 months): Applying the formula, the estimated monthly payment is approximately $503.40.
• Down Payment: A larger down payment reduces the principal amount and monthly payments.
• Taxes and Fees: These vary by location and can affect the total loan amount.
• Insurance and Maintenance Costs: Budget for ongoing expenses to ensure responsible boat ownership.

This calculator is intended solely for general informational purposes and to provide a rough estimate based on the information you have provided. You should not base your decision on this estimate alone.

Please note that title, registration, tax and other fees, and personal circumstances such as employment status and personal credit history, were not considered in the calculations. Personal circumstances may have a significant effect on interest rates for which an individual might qualify.

Accordingly, we cannot and do not guarantee the accuracy or applicability of the estimates produced by this calculation, and the results from its use should be viewed as hypothetical, for illustrative purposes.

Armed with the knowledge of how to calculate your boat loan payment, you’re well-equipped to navigate the waters of boat financing confidently. Remember to explore our resources or reach out to our team for personalized assistance tailored to your needs. Set sail with confidence and embark on your maritime adventures with ease!

Factors Not Considered in Vehicle Payment or Price Estimates

When calculating vehicle payment or price estimates, several key factors are often left out of the equation:

Title and Registration Fees : These are necessary fees for legal ownership and vehicle registration but are not included in initial estimates.

Taxes and Other Fees : Sales tax, local taxes, and miscellaneous fees can significantly impact the final cost but are usually excluded from preliminary calculations.

Personal Circumstances :

• Employment Status : Job stability and income can influence loan approval and interest rates.
• Credit History : Your credit score and history play a crucial role in determining the interest rates for which you qualify.

These exclusions mean that the initial estimates should be considered rough approximations, not definitive numbers. It’s important to view these estimates as hypothetical and for illustrative purposes only.

Understanding what isn’t taken into account in these estimates can help you prepare for additional costs and make more informed financial decisions.

Don’t Just take our word for it

Real Customers. Great Reviews.

Explore the real stories behind our boat and RV loan success. At Elite, our commitment is simple: delivering top-notch service. Read our genuine 5-star reviews from clients who’ve experienced firsthand what sets us apart. These testimonials aren’t just words; they’re proof of our reliable service. Join the satisfied customers who’ve turned their dreams into reality with Elite Direct Finance.

Phil and the gang worked a miracle to get me in this boat. Easy, and enjoyable transaction. Highly recommend.

Martin Mason – New Boat Owner

Great people to work with and very knowledgeable about the RV purchasing process. Highly recommend Elite.

Thomas McCarthy – New RV Owner

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How much does a boat cost?

How do boat loans work, how much are boat loan payments, what is a good interest rate for a boat loan, what is the average length of a boat loan, how can i get a boat loan.

New boat prices depend on the type, size and model, whereas previously-owned boat values vary with age. A small recreational boat can cost anywhere from a few thousand dollars for something pre-owned to many tens of thousands of dollars for something new.

As well as the initial purchase price, it's worth being aware of the annual costs associated with owning a boat. These include costs for maintenance, insurance, storage or mooring and fuel, as well as any loan fees and interest. It is said that the annual costs to keep a boat can be around 10% of the boat’s value. 1

Boat loans work similarly to vehicle loans or home mortgages. A lender provides the capital for the purchase of the boat, and the borrower repays the loan amount plus interest (calculated at an agreed interest rate) for the life of the loan.

The most popular types of boat loans are:

• Secured loan through a marine dealership. Possibility of lower interest rates, extended warranties and other boat manufacturer promotions.
• Secured loan from a lender. Banks, credit unions and online lenders offer secured boat loans; some even specialize in marine finance.
• Home equity loan. An option if your home is worth more than the mortgage balance – but secured against payment default.
• Home equity line of credit. This type of property-secured loan features revolving credit and variable interest.
• Unsecured loan. Comes with more freedom to buy the boat of your choice, but interest rates tend to be higher.

Loan repayments are usually in monthly installments. Generally, unsecured personal loans are for sums up to $50,000.  Investopedia has a very good article discussing what to look for .

Monthly repayments depend on the amount financed, loan term and applicant's credit score. A $30,000 speedboat financed for five years at an APR of 4 percent currently costs around $553 per month. You can use our boat loan calculator, at the top of our page , to calculate what your loan repayments might be for your boat.

Loan interest has increased recently in line with federal interest rates. The actual amount you pay depends on the lender, credit rating and sum advanced. 

A borrower with a good credit history may be able to obtain finance at an interest rate of 4 to 5 percent for a new or used boat. 2

Most boat owners finance their craft for terms of 10 to 20 years, i.e. longer than typical automotive loans. Such agreements stem from bank and lender recognition that well-maintained boats tend to retain their value well. 

Boat financing can be obtained through a yacht dealer, a loan from a bank or through a loan with a marine financing specialist. 3 Lenders prefer borrowers with a credit score of at least 600 and a low debt-to-income ratio. Nonetheless, certain financiers do work with individuals who have lower credit scores. 

Before authorizing boat loans, lenders check applicants' credit ratings and ask for information such as:

• Name, address and telephone number.
• Date of birth.
• Social Security number.
• Employment details.
• Regular income.
• Monthly housing costs.
• Marine survey, i.e. a boat inspection (pre-owned craft).

Except for new craft, lenders usually require a survey before advancing a secured loan. 

Finally, buying a boat is a significant financial commitment – so it is advisable to check monthly outgoings beforehand. You may also wish to discuss the idea with an independent financial advisor.

• How much does it cost to own a boat? , BoatsAndOutboards.co.uk.
• Best boat loans , Investopedia.
• Financing your boat , Promarine Finance.

If you have any problems using our boat loan calculator, please contact us .

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Boat Loan Calculator

This calculator figures monthly boat loan payments. To help you see current market conditions and find a local lender current current local boat loan rates and personal loan rates personal loan rates are published below the calculator. The second monthly payment budget calculator shows how expensive of a boat you can buy given a monthly loan payment.

Boating Loan Basics	Amount
Boat price $
Loan term in years
Interest Rate %

Boat Loan Credits	Amount
Down payment $
Rebate $
Add rebate to downpayment?
Trade-in allowance $

Additional Boating Expenses	Amount
Owed on trade-in $
Sales Tax %
Add sales taxes into loan?

Your Marine Loan Results	Amount
Loan amount:
Monthly payment:
Sales Tax:
Total Interest:
Total Cost:

Generate Monthly Boat Loan Amortization Schedule?
Loan origination date:

Monthly Boat Loan Budget

Use this calculator to estimate the boat price you can afford given a set monthly loan payment. To help you see current market conditions and find a local lender current local boat loan rates are published in a table below the calculator.

Boat Loan Structure	Amount
Monthly payment you can afford ($):
Loan term (years):
Annual interest rate (APR %):
Sales tax rate
Finance sales tax?

Savings & Other Credits	Amount
Your down payment($):
Cash rebate added to down payment ($):
Trade-in value ($):
Owed on trade-in ($):

Your Results	Amount
You can afford a boat costing:
Loan you need to qualify for:
Sales tax amount:

Current Local Boat Loan Rates

Current personal loan rates, consumer boat buying guide.

Homes and cars represent some of the most expensive single-item purchases individuals make during their lifetimes, but spending doesn't always cease at the shoreline. Boats add to the cost of living for water sports enthusiasts, who eagerly take-on the cost of ownership. And though boat buying is born of passion for the open water, a prudent approach makes the most of recreational budgets and ensures affordability .

As you prepare to take the plunge, due diligence guarantees a smooth transition to boat ownership. From choosing the best boat for your needs to securing reasonable financing, weigh your options carefully before making commitments.

How to Choose the Right Boat

First-time buyers can be intimidated by the selection process , especially without clearly defined expectations. In order to make an appropriate choice, it pays to answer a few questions before locking-in a particular craft. What is your primary use for the boat? Will the boat be docked in the water during the season, or trailered to destinations for each outing? How many people typically embark on your boating ventures? And, more fundamentally, is the boat to be used primarily on inland lakes, rivers, or oceans?

There are dozens of available boat styles, each aimed at particular functions. By dialing-in your requirements, it becomes easier to wade through various options, a few of which include the following boat classes.

Wind-powered vessels conjure romanticized visions, pairing Mother Nature's forces with deft maritime manipulation. But while the sentimental pastime is indeed boating's purest form, it requires a high level of skill to carry-off without incident. Unless you are an experienced sailor, or plan to secure the needed knowledge, a sailboat is probably not your best investment. Small, learning sail crafts , on the other hand, may help instill the basics, without putting you at risk.

Fishing Boats

Spending time on open water is a worthy pastime, in its own right, but many boaters have other interests in mind. Fishing vessels are set-up specifically for the task at hand, designed to accommodate casting and outfitted with features facilitating fish harvest. Live wells, depth finders, outriggers and other accoutrements cater to anglers, making dedicated fishing boats the most sought-after selections for fishermen and women. Size and cost depends upon the bodies of water being fished. Small, aluminum v-hull crafts, for instance, can be had for a couple thousand dollars, including appropriately sized motors. Massive, ocean-faring vessels, on the other hand, rival homes, in terms of their cost, especially when equipped with high-tech navigation and safety devices.

Pontoon Boats

Like small-scale party barges, pontoon boats are crafted for ease-of-use, comfort and elbow room. Their flat-floored decks are ideal for staying stable on the water, accommodating passengers without maritime experience. The namesake vessels rely on buoyant, air-filled canisters (pontoons) to stay afloat, enabling wider than usual construction suitable for several passengers. The configuration also allows for canopy coverage, to keep passengers dry during showers. Inland lake owners find pontoons to be versatile boating solutions, facilitating swimmers, anglers, and recreational cruisers alike. Modern versions are equipped with luxurious amenities, pushing prices higher with each deluxe add-on.

Aptly named, speedboats are designed to move through the water as quickly as possible. In addition to high-output motors, low-profile design creates less drag than taller crafts, enabling them to quickly reach high speeds. Some of these high performance models are equipped with multiple motors, to enhance horsepower and acceleration. Configurations vary, but many include partially enclosed cockpits for passengers and over-the-water pilots. Motor selection and appointments like luxury upholstery influence cost, but the price of high performance boats quickly climbs into the tens-of-thousands of dollars.

Like speed-oriented vessels, ski boats have substantial get up and go. However, since the boats each serve a particular recreational function , they are also equipped with tow bars and other add-ons aimed at water skiers, tubers, and wake board enthusiasts. The boats typically run powerful inboard motors, contained within their hulls, and accommodate several passengers. In addition to platforms located near the stern, specialized versions are configured in ways suited for particular water sports. Skiers, for example, prefer smaller wakes than boarders, so boats can be set-up for the narrowly defined needs of each discipline.

Luxury Yachts

The cream of the crop for opulence and seafaring capabilities, luxury yachts are priced across-the-board. Depending upon size and materials, the most distinctive examples runs hundreds-of-thousands – even millions – of dollars. The vessels are capable of extended journeys, housing all the comforts of home, without sacrificing over-the-water performance. High-end navigation equipment, sun decks, onboard swimming pools, and restaurant style kitchens are common fixtures on these floating showpieces.

These are only a few of the dedicated boat varieties available.

When to Buy?

Like other consumer goods, boats come to market on a well-defined cycle. As a result, prices ebb and flow along with buyer demand. Holding to established economic supply principles, the best time to buy a boat is during periods of diminished demand. End of season clearance sales, for example, help dealers clear space for next-year's models, so promotions run during off-peak times often lead to deep discounts.

Late fall and winter months are particularly good times for most buyers to lock-in favorable pricing, but there is also a regional component at-play, influencing the cost of watercraft. On the West Coast of the United States, for example, boating is a year-round pastime, so the cost curve is not as clearly defined as it is in seasonal regions. On the other hand, spring and early-summer buyers will pay a premium in the Midwest or Northeast, where winter weather prohibits recreational boating during much of the year.

Boat shows are excellent resources for would-be buyers. The events facilitate side-by-side comparisons and furnish opportunities to gather information about various models. They are also selling occasions for dealers and manufacturers, so the shows can be good places for well-prepared buyers to land the best deals. Caution must be maintained, however, lest an impulse decision result in an ill-advised purchase.

Ancillary Expenses Push Boating Costs Higher

Much like an automobile purchase, the sticker price of a boat is just the beginning, in terms of total cost. As you set the stage for a purchase, it is important to consider the following aspects of boat ownership – each with its own price tag.

• Docking Fees – Depending upon where your boat will be stored or moored, annual fees may apply. Before buying a boat, research the cost of docks and storage facilities in your area. The cost is less significant for those seeking boats to store at home and trailer to and from the water, but even boat launch fees add-up during a busy boating season.
• Trailer – Moving a boat relies on a functional trailer – ideally paired for a precise fit. In some cases, trailers are negotiated within the overall price of a boat, but other buyers secure them ala carte. Skimping on trailer quality and upkeep places your leisure enjoyment on the line, opening the door to breakdowns and damage to your craft. As a result, a sturdy trailer is an essential budget entry for anyone preparing to buy a watercraft.
• License and Safety – Like cars, boats incur registration fees. Rates vary by location and most call for annual or bi-annual renewal. In addition to the cost of licensing, boat owners face safety mandates dictating the type and number of floatation devices required for safe operation. Lighting is also regulated, ensuring safe nighttime water travel. While some of these features are included within the purchase price of a boat, add-ons will often lead to additional expense for owners.
• Insurance – Year-round insurance coverage is advisable, even if your boat is to be stored during the off-season. For the best rates, inquire with your automobile carrier, to maximize discounts. In addition to property coverage, boat insurance provides protection similar to auto policies covering bodily harm to passengers. On average, expect to pay around 1.5% – 2% of the value of your boat.
• Crew – Depending upon the size of your boat, captain and crew may be required to operate it. If your boating dreams are yacht-sized, evaluate the cost of full-time mates, cooks and other needed personnel before committing to a purchase. First-rate staff may be more expensive than anticipated, influencing a down-sizing approach that enables you to pilot your own craft.
• Service and Maintenance – Like other machines, boat motors require regular service to function at peak performance levels. Annual tune-ups keep motors lubricated, preventing premature wear on internal components. For those unable to perform routine tasks, service centers offer annual packages, which can be custom oriented to include storage, cleaning, motor maintenance and other needed protocols.

Financing Options for Boat Buyers

Like other major discretionary buys, funding a boat purchase often requires financial resources beyond cash on hand. Banks, credit unions and other traditional lenders furnish payment options for boat buyers, who rely on various forms of financing to get the job done. People with cash savings may choose to put the boat on a credit card to secure points. Buyers with a strong credit score might consider a personal loan. Homeowners with significant equity might consider a home equity loan. Boat buyers also turn to dedicated financing from maritime lenders, specializing in marine craft credit.

Buyers with good credit references tap collateral loans to pay for boats, in much the same way cars are funded. Once approved, funds are issued and the boat itself serves as collateral for the loan. Failure to make timely payments can result in repossession, allowing lenders to seize and sell boats to recoup their losses.

Another form of funding with versatile applications uses the equity in your home to guarantee repayment. Home equity loans and lines of credit can be used for various purchases, including recreational watercraft. In order to initiate equity credit, most lenders require a current appraisal. In addition, home equity lines carry closing costs similar to conventional mortgages. Because the loans are backed by real property, however, interest rates are lower than those associated with other forms of funding.

Personal loans can also be applied to boat purchases, furnishing fast access to needed cash. Interest rates on unsecured personal loans are higher than equity and collateral financing, but well-qualified applicants quickly fund boat buys using this straightforward alternative. Marine lending presents another option for buyers with solid credit. Geared exclusively toward boat shoppers, marine loan specialists understand the language and financing requirements unique to watercraft recreation. Dealers and private maritime lenders furnish dedicated boat loans, which typically do not offer low interest rates. Without pre-payment penalties, however, accelerated payback helps mitigate the high cost of marine loans.

Trouble-free ownership starts with selecting the right boat for your recreational needs. Once chosen, timing and research help yield the best pricing and finance terms for your dream watercraft. And though boat shopping is driven by enthusiasm for water sports and leisure marine activities, accounting for related expenses ensures a workable budget and rewarding maritime experience.

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If you need a boat loan to cover the purchase of a new or used boat, a loan calculator can help you determine what size or type of vessel you can afford.

Use this boat loan calculator to estimate the cost of a personal loan used to finance a boat. Enter your expected loan amount, desired repayment term and annual percentage rate to see estimated monthly payments, interest costs and total payments.

» COMPARE: Best boat loans

How to calculate boat loan payments

You can change your desired loan amount, term or APR to see different results and decide how boat loan payments fit into your budget.

Loan amount: This is the amount you expect to borrow. Amounts for unsecured loans can be as high as $100,000, while secured boat loans can be over $1 million.

Repayment term: This is how long you think you’ll need to repay the loan. Unsecured loans often have repayment terms of two to seven years; secured boat loan terms can be as long as 20 years. Longer repayment terms typically mean lower monthly payments, but you'll pay more in total interest.

Annual percentage rate: This is the interest rate you expect to get on the loan. Factors that determine your APR on a boat loan include whether it’s a secured or unsecured loan, your creditworthiness, income and existing debts.

Boat loan calculator

660

7.74-15.69%

$5,000-$100,000

525	600
N/A	7.24-29.90%
$5,000-$50,000	$8,000-$100,000

» Learn more about the best boat loans .

Secured vs. unsecured boat loans

Boat loans are either secured or unsecured. With a secured loan, the boat you’re purchasing is collateral for the loan, meaning the lender can take the boat if you stop making payments.

Secured boat loans may require or give you the option to make a down payment, so you’ll borrow less overall. They also tend to have lower APRs than unsecured boat loans and can be easier to qualify for if you have a low credit score.

Though unsecured loans may cost more in interest, they don’t require collateral or a down payment, and borrowers with good or excellent credit (690 FICO or higher) may qualify for a low rate.

Here are average estimated APRs on unsecured personal loans, based on FICO score ranges:

Source: Average rates are based on aggregate, anonymized offer data from users who pre-qualified through NerdWallet from July 1, 2024, through July 31, 2024. Rates are estimates only and not specific to any lender. The lowest credit scores — usually below 500 — are unlikely to qualify. Information in this table applies only to lenders with maximum APRs below 36%.

To determine which type of boat loan is best for you, compare the pros and cons.

Common questions about boat loans

Where can i get a boat loan.

You can get a boat loan from an online lender, bank or credit union. Banks and credit unions will be more likely to offer secured loans.

You can also get a boat loan through a marine lending specialist, who acts as a broker for the loan. These loans must be secured and typically require a down payment.

How long are boat loans?

Boat loan repayment terms depend on the type of loan and lender you choose. For unsecured loans, borrowers can expect terms ranging from two to seven years. For secured loans, terms can stretch up to 20 years.

How do I apply for a boat loan?

You can apply for a boat loan directly with the lender. Most lenders offer online applications, but you may need to visit a branch to close the loan.

When you apply for the loan , expect to give personal information (including your Social Security number), details on the craft if the loan is secured, and verification documents such as proof of identity, employment and income.

Approval and funding time vary. Online lenders can usually fund a loan quicker than banks and credit unions. They also let you pre-qualify and see estimated interest rates and potential loan terms without affecting your credit score.

NerdWallet recommends comparing loans to find the lowest rate and best features for you.

Other loan calculators

Personal loan calculator : Check estimated interest rates and payments for a personal loan, based on your credit score.

Credit score loan calculator : Find out what personal loan options may be available to you, based on your credit score.

Home equity loan calculator : See if you’re eligible for a home equity loan and how much you may be able to borrow.

Debt-to-income ratio calculator : Determine your debt-to-income ratio, which is your total monthly debt payments divided by your income.

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• Boat Loan Calculator

Find out how much you need to budget for the boat you love.

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Why Get a Boat Loan with Boatzon?

Instantly pre-qualify.

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Qualify Regardless of Credit

We’ll show your our best available rates across all lenders - even with poor credit.

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After pre-qualifying for a boat loan, we’ll show you real loan rates, down payments, and monthly terms.

What Makes Boatzon Finance Different?

We work with over 20+ banks and will find you the lowest rate for your boat loan.

Same Day Boat Loan Approvals

We work hard with you to get your boat loan approved same day and funding as fast as 24 hours.

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We are the only company able to show you real rates online.

We’ve helped boat buyers purchase over 1 Billion dollars in boat loans

Great experience with the boat buying process.

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My experience with boat on.com was a great experience. Jeffrey S was great to work with he was very

Jeffrey Steiner was very prompt and very professional on the phone. Thanks much!

Contact Jeffrey Steiner for all of your boating needs!! He is wonderful to work with.

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Frequently Asked Questions

Benefits of financing with boatzon.

Boatzon’s instant pre-qualification process does not impact your credit score. Boatzon conducts a soft pull on your credit to provide you with a pre-qualification and APR rate options. Boatzon works with 20+ marine banks and lenders to get you the best rate in the market and up to 240-month terms on your loan. With our pre-qualification process, we are typically able to provide same day approvals and some of our lenders can fund your loan in as fast as 24 hours.

How Does Your Pre-Qualification Not Affect My Credit?

Boatzon conducts a soft pull on your credit file, which does not negatively affect your credit score. Be cautious, other companies may conduct a hard credit inquiry, which may impact your credit score and stay on your credit reports for about two years.

Will I receive A Pre-Qualification Letter?

Yes! We will send you a pre-qualification letter to your email address if you would like to provide to a dealership or seller.

How Long Does It Take To Get Approved?

We try to get an approval status for you the same day. Of course, depending on the time of day you submit your pre-qualification. If you submit your pre-qualification before 3 PM Eastern Time, we will work hard to provide you with an approval status the same day.

What Is the Minimum Credit Score Needed?

Our minimum credit score is 620. We work hard and help you get approved, even if you have a slightly lower credit score. Keep in mind, lower credit score can mean higher APR rates for a boat purchase.

What If I’m Still Deciding Between Boats?

That’s ok! Your pre-qualification is good for 30 days and you have time to find your perfect boat.

Boat Loan Calculator Overview

If you need a boat loan to cover the purchase of a new or used boat, the Boatzon loan calculator can help you determine what type of boat you can afford. Use this boat loan calculator to estimate the cost of a personal loan used to finance a boat. Enter your expected loan amount, your estimated credit score, your down payment, and desired loan term months to see your estimated monthly payments. Your estimated monthly payment for your loan will be displayed in the field above the calculator. If you are happy with your monthly payment calculation, proceed to the next step by clicking the "Get Pre-Qualified Now" button.

CREDIT SCORE

Typically, a credit score of 700 and above is ideal for a boat loan, but a score in the upper-600 range should not be an issue. Many lenders can provide loans even if you have bad credit. However, you may have higher interest rates, lower loan amounts and repayment terms. Typically, anything under 630 is considered a bad credit rating and tend to have higher loan rates. Many lenders allow cosigned loans or join applications. These are loans where someone with better credit co-signs the loan with you. However, the person who cosigned for the loan is also responsible for the loan so if you default on the payment, it could hurt their credit as well as your own.

COST OF BOAT OR LOAN AMOUNT

This is the amount you expect to borrow. Boatzon offers secured and unsecured loans. Unsecured loans can be as high as $100,000, while secured loans can be up to 25 million. Keep in mind, taxes and charges may not be included in your estimated loan amount. This amount may be slightly different than financing terms at closing.

The annual percentage rate is the interest rate you expect to get on the loan. Some factors that determine your APR on a boat loan include whether it is a secured or unsecured loan, your credit score and history, your income, and existing debts or trade lines.

DOWN PAYMENT

You can choose to pay an amount as a down payment for the boat purchase. In most cases, you’ll need to put 10-20% down on your purchase.

This is how long you think you’ll need to repay the loan. Unsecured loans often have repayment terms of two to seven years; secured boat loan terms can be as long as 20 years. Longer repayment terms typically mean lower monthly payments, but you'll pay more in total interest. A shorter loan term could reduce your costs in the long run, but it will likely raise your monthly payments.

YOUR PRE-QUALIFICATION

Boatzon conducts a soft credit pull and does not negatively impact your credit report. Furthermore, your social security number is not required for this pre-qualification process. Boatzon pre-qualification quotes are based on information provided, your actual APR rate and loan term may vary based on the credit application review by the lender(s). Rates may vary based on FICO score, loan to value, open trade lines, as well as the model year and type of vessel.

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Boat Loan Calculator Amortization Schedule

Boat Loan Calculator is used to calculate the monthly payment for your boat loan. The boat loan calculator comes with an amortization schedule that shows all the details about the loan and payments.

	On Date Starting Date --> Loan Amount: $23,000.00 $0.00 Total # Of Payments: 84 Start Date: Aug, 2024 Payoff Date: Jul, 2031 Down Payment: $5,000.00 Trade In Value: $0.00 Sales Tax: $0.00 Other Fee: $0.00 Total Interest Paid: $4,625.58 Payment Date Payment # Interest Principal Total Payment Balance Aug, 2024 1 $102.54 $226.33 $328.88 $22,773.67 Sep, 2024 2 $101.53 $227.34 $328.88 $22,546.32 Oct, 2024 3 $100.52 $228.36 $328.88 $22,317.97 Nov, 2024 4 $99.50 $229.37 $328.88 $22,088.59 Dec, 2024 5 $98.48 $230.40 $328.88 $21,858.19 Jan, 2025 6 $97.45 $231.42 $328.88 $21,626.77 Feb, 2025 7 $96.42 $232.46 $328.88 $21,394.31 Mar, 2025 8 $95.38 $233.49 $328.88 $21,160.82 Apr, 2025 9 $94.34 $234.53 $328.88 $20,926.28 May, 2025 10 $93.30 $235.58 $328.88 $20,690.71 Jun, 2025 11 $92.25 $236.63 $328.88 $20,454.08 Jul, 2025 12 $91.19 $237.68 $328.88 $20,216.39 Aug, 2025 13 $90.13 $238.74 $328.88 $19,977.65 Sep, 2025 14 $89.07 $239.81 $328.88 $19,737.84 Oct, 2025 15 $88.00 $240.88 $328.88 $19,496.96 Nov, 2025 16 $86.92 $241.95 $328.88 $19,255.01 Dec, 2025 17 $85.85 $243.03 $328.88 $19,011.98 Jan, 2026 18 $84.76 $244.11 $328.88 $18,767.86 Feb, 2026 19 $83.67 $245.20 $328.88 $18,522.66 Mar, 2026 20 $82.58 $246.30 $328.88 $18,276.36 Apr, 2026 21 $81.48 $247.39 $328.88 $18,028.97 May, 2026 22 $80.38 $248.50 $328.88 $17,780.47 Jun, 2026 23 $79.27 $249.60 $328.88 $17,530.87 Jul, 2026 24 $78.16 $250.72 $328.88 $17,280.15 Aug, 2026 25 $77.04 $251.84 $328.88 $17,028.32 Sep, 2026 26 $75.92 $252.96 $328.88 $16,775.36 Oct, 2026 27 $74.79 $254.09 $328.88 $16,521.27 Nov, 2026 28 $73.66 $255.22 $328.88 $16,266.05 Dec, 2026 29 $72.52 $256.36 $328.88 $16,009.70 Jan, 2027 30 $71.38 $257.50 $328.88 $15,752.20 Feb, 2027 31 $70.23 $258.65 $328.88 $15,493.55 Mar, 2027 32 $69.08 $259.80 $328.88 $15,233.75 Apr, 2027 33 $67.92 $260.96 $328.88 $14,972.79 May, 2027 34 $66.75 $262.12 $328.88 $14,710.67 Jun, 2027 35 $65.59 $263.29 $328.88 $14,447.38 Jul, 2027 36 $64.41 $264.46 $328.88 $14,182.91 Aug, 2027 37 $63.23 $265.64 $328.88 $13,917.27 Sep, 2027 38 $62.05 $266.83 $328.88 $13,650.44 Oct, 2027 39 $60.86 $268.02 $328.88 $13,382.42 Nov, 2027 40 $59.66 $269.21 $328.88 $13,113.21 Dec, 2027 41 $58.46 $270.41 $328.88 $12,842.80 Jan, 2028 42 $57.26 $271.62 $328.88 $12,571.18 Feb, 2028 43 $56.05 $272.83 $328.88 $12,298.35 Mar, 2028 44 $54.83 $274.05 $328.88 $12,024.31 Apr, 2028 45 $53.61 $275.27 $328.88 $11,749.04 May, 2028 46 $52.38 $276.49 $328.88 $11,472.54 Jun, 2028 47 $51.15 $277.73 $328.88 $11,194.82 Jul, 2028 48 $49.91 $278.97 $328.88 $10,915.85 Aug, 2028 49 $48.67 $280.21 $328.88 $10,635.64 Sep, 2028 50 $47.42 $281.46 $328.88 $10,354.18 Oct, 2028 51 $46.16 $282.71 $328.88 $10,071.47 Nov, 2028 52 $44.90 $283.97 $328.88 $9,787.49 Dec, 2028 53 $43.64 $285.24 $328.88 $9,502.25 Jan, 2029 54 $42.36 $286.51 $328.88 $9,215.74 Feb, 2029 55 $41.09 $287.79 $328.88 $8,927.95 Mar, 2029 56 $39.80 $289.07 $328.88 $8,638.88 Apr, 2029 57 $38.52 $290.36 $328.88 $8,348.52 May, 2029 58 $37.22 $291.66 $328.88 $8,056.86 Jun, 2029 59 $35.92 $292.96 $328.88 $7,763.91 Jul, 2029 60 $34.61 $294.26 $328.88 $7,469.65 Aug, 2029 61 $33.30 $295.57 $328.88 $7,174.07 Sep, 2029 62 $31.98 $296.89 $328.88 $6,877.18 Oct, 2029 63 $30.66 $298.22 $328.88 $6,578.97 Nov, 2029 64 $29.33 $299.54 $328.88 $6,279.42 Dec, 2029 65 $28.00 $300.88 $328.88 $5,978.54 Jan, 2030 66 $26.65 $302.22 $328.88 $5,676.32 Feb, 2030 67 $25.31 $303.57 $328.88 $5,372.75 Mar, 2030 68 $23.95 $304.92 $328.88 $5,067.83 Apr, 2030 69 $22.59 $306.28 $328.88 $4,761.55 May, 2030 70 $21.23 $307.65 $328.88 $4,453.90 Jun, 2030 71 $19.86 $309.02 $328.88 $4,144.88 Jul, 2030 72 $18.48 $310.40 $328.88 $3,834.48 Aug, 2030 73 $17.10 $311.78 $328.88 $3,522.70 Sep, 2030 74 $15.71 $313.17 $328.88 $3,209.53 Oct, 2030 75 $14.31 $314.57 $328.88 $2,894.97 Nov, 2030 76 $12.91 $315.97 $328.88 $2,579.00 Dec, 2030 77 $11.50 $317.38 $328.88 $2,261.62 Jan, 2031 78 $10.08 $318.79 $328.88 $1,942.83 Feb, 2031 79 $8.66 $320.21 $328.88 $1,622.61 Mar, 2031 80 $7.23 $321.64 $328.88 $1,300.97 Apr, 2031 81 $5.80 $323.08 $328.88 $977.90 May, 2031 82 $4.36 $324.52 $328.88 $653.38 Jun, 2031 83 $2.91 $325.96 $328.88 $327.42 Jul, 2031 84 $1.46 $327.42 $328.88 $0.00 Payment Frequency Monthly Bi-weekly Payments / Year 12 26 Each Payment $328.88 $164.44 Total Interest $4,625.58 $4,151.52 Total Payment $32,625.58 $32,151.52 Total Savings $0 $474.06 Payoff Date Jul, 2031 Dec, 2030 Loan Calculator | Terms | Privacy | Disclaimer | Contact ©2024 Loan Calculator Boat Payment Calculator Boat Payment Calculator is a calculator to help borrowers estimate the costs of buying a boat and the monthly payments for their boat loans. On Date Starting Date Loan Amount: --> $42,500.00 $0.00 Total # Of Payments: 96 Start Date: Aug, 2024 Payoff Date: Jul, 2032 Down Payment: $23,500.00 Trade In Value: $0.00 Sales Tax: $0.00 Other Fee: $0.00 Total Interest Paid: $10,473.71 Payment Date Payment # Interest Principal Total Payment Balance Aug, 2024 1 $200.99 $350.82 $551.81 $42,149.18 Sep, 2024 2 $199.33 $352.48 $551.81 $41,796.70 Oct, 2024 3 $197.66 $354.15 $551.81 $41,442.56 Nov, 2024 4 $195.99 $355.82 $551.81 $41,086.73 Dec, 2024 5 $194.31 $357.50 $551.81 $40,729.23 Jan, 2025 6 $192.62 $359.19 $551.81 $40,370.04 Feb, 2025 7 $190.92 $360.89 $551.81 $40,009.14 Mar, 2025 8 $189.21 $362.60 $551.81 $39,646.54 Apr, 2025 9 $187.50 $364.31 $551.81 $39,282.23 May, 2025 10 $185.77 $366.04 $551.81 $38,916.19 Jun, 2025 11 $184.04 $367.77 $551.81 $38,548.42 Jul, 2025 12 $182.30 $369.51 $551.81 $38,178.92 Aug, 2025 13 $180.55 $371.26 $551.81 $37,807.66 Sep, 2025 14 $178.80 $373.01 $551.81 $37,434.65 Oct, 2025 15 $177.03 $374.77 $551.81 $37,059.88 Nov, 2025 16 $175.26 $376.55 $551.81 $36,683.33 Dec, 2025 17 $173.48 $378.33 $551.81 $36,305.00 Jan, 2026 18 $171.69 $380.12 $551.81 $35,924.88 Feb, 2026 19 $169.89 $381.91 $551.81 $35,542.97 Mar, 2026 20 $168.09 $383.72 $551.81 $35,159.25 Apr, 2026 21 $166.27 $385.54 $551.81 $34,773.71 May, 2026 22 $164.45 $387.36 $551.81 $34,386.35 Jun, 2026 23 $162.62 $389.19 $551.81 $33,997.16 Jul, 2026 24 $160.78 $391.03 $551.81 $33,606.13 Aug, 2026 25 $158.93 $392.88 $551.81 $33,213.25 Sep, 2026 26 $157.07 $394.74 $551.81 $32,818.51 Oct, 2026 27 $155.20 $396.61 $551.81 $32,421.91 Nov, 2026 28 $153.33 $398.48 $551.81 $32,023.43 Dec, 2026 29 $151.44 $400.37 $551.81 $31,623.06 Jan, 2027 30 $149.55 $402.26 $551.81 $31,220.80 Feb, 2027 31 $147.65 $404.16 $551.81 $30,816.64 Mar, 2027 32 $145.74 $406.07 $551.81 $30,410.57 Apr, 2027 33 $143.82 $407.99 $551.81 $30,002.58 May, 2027 34 $141.89 $409.92 $551.81 $29,592.65 Jun, 2027 35 $139.95 $411.86 $551.81 $29,180.79 Jul, 2027 36 $138.00 $413.81 $551.81 $28,766.98 Aug, 2027 37 $136.04 $415.77 $551.81 $28,351.22 Sep, 2027 38 $134.08 $417.73 $551.81 $27,933.49 Oct, 2027 39 $132.10 $419.71 $551.81 $27,513.78 Nov, 2027 40 $130.12 $421.69 $551.81 $27,092.09 Dec, 2027 41 $128.12 $423.69 $551.81 $26,668.40 Jan, 2028 42 $126.12 $425.69 $551.81 $26,242.71 Feb, 2028 43 $124.11 $427.70 $551.81 $25,815.01 Mar, 2028 44 $122.08 $429.73 $551.81 $25,385.28 Apr, 2028 45 $120.05 $431.76 $551.81 $24,953.52 May, 2028 46 $118.01 $433.80 $551.81 $24,519.72 Jun, 2028 47 $115.96 $435.85 $551.81 $24,083.87 Jul, 2028 48 $113.90 $437.91 $551.81 $23,645.96 Aug, 2028 49 $111.83 $439.98 $551.81 $23,205.97 Sep, 2028 50 $109.74 $442.06 $551.81 $22,763.91 Oct, 2028 51 $107.65 $444.16 $551.81 $22,319.76 Nov, 2028 52 $105.55 $446.26 $551.81 $21,873.50 Dec, 2028 53 $103.44 $448.37 $551.81 $21,425.13 Jan, 2029 54 $101.32 $450.49 $551.81 $20,974.65 Feb, 2029 55 $99.19 $452.62 $551.81 $20,522.03 Mar, 2029 56 $97.05 $454.76 $551.81 $20,067.27 Apr, 2029 57 $94.90 $456.91 $551.81 $19,610.36 May, 2029 58 $92.74 $459.07 $551.81 $19,151.30 Jun, 2029 59 $90.57 $461.24 $551.81 $18,690.06 Jul, 2029 60 $88.39 $463.42 $551.81 $18,226.63 Aug, 2029 61 $86.20 $465.61 $551.81 $17,761.02 Sep, 2029 62 $83.99 $467.81 $551.81 $17,293.21 Oct, 2029 63 $81.78 $470.03 $551.81 $16,823.18 Nov, 2029 64 $79.56 $472.25 $551.81 $16,350.93 Dec, 2029 65 $77.33 $474.48 $551.81 $15,876.45 Jan, 2030 66 $75.08 $476.73 $551.81 $15,399.72 Feb, 2030 67 $72.83 $478.98 $551.81 $14,920.74 Mar, 2030 68 $70.56 $481.25 $551.81 $14,439.49 Apr, 2030 69 $68.29 $483.52 $551.81 $13,955.97 May, 2030 70 $66.00 $485.81 $551.81 $13,470.16 Jun, 2030 71 $63.70 $488.11 $551.81 $12,982.05 Jul, 2030 72 $61.39 $490.42 $551.81 $12,491.64 Aug, 2030 73 $59.08 $492.73 $551.81 $11,998.90 Sep, 2030 74 $56.74 $495.06 $551.81 $11,503.84 Oct, 2030 75 $54.40 $497.41 $551.81 $11,006.43 Nov, 2030 76 $52.05 $499.76 $551.81 $10,506.67 Dec, 2030 77 $49.69 $502.12 $551.81 $10,004.55 Jan, 2031 78 $47.31 $504.50 $551.81 $9,500.06 Feb, 2031 79 $44.93 $506.88 $551.81 $8,993.17 Mar, 2031 80 $42.53 $509.28 $551.81 $8,483.89 Apr, 2031 81 $40.12 $511.69 $551.81 $7,972.21 May, 2031 82 $37.70 $514.11 $551.81 $7,458.10 Jun, 2031 83 $35.27 $516.54 $551.81 $6,941.56 Jul, 2031 84 $32.83 $518.98 $551.81 $6,422.58 Aug, 2031 85 $30.37 $521.44 $551.81 $5,901.14 Sep, 2031 86 $27.91 $523.90 $551.81 $5,377.24 Oct, 2031 87 $25.43 $526.38 $551.81 $4,850.86 Nov, 2031 88 $22.94 $528.87 $551.81 $4,321.99 Dec, 2031 89 $20.44 $531.37 $551.81 $3,790.62 Jan, 2032 90 $17.93 $533.88 $551.81 $3,256.74 Feb, 2032 91 $15.40 $536.41 $551.81 $2,720.33 Mar, 2032 92 $12.86 $538.94 $551.81 $2,181.39 Apr, 2032 93 $10.32 $541.49 $551.81 $1,639.89 May, 2032 94 $7.76 $544.05 $551.81 $1,095.84 Jun, 2032 95 $5.18 $546.63 $551.81 $549.21 Jul, 2032 96 $2.60 $549.21 $551.81 $0.00 Payment Frequency Monthly Bi-weekly Payments / Year 12 26 Each Payment $551.81 $275.90 Total Interest $10,473.71 $9,357.96 Total Payment $76,473.71 $75,357.96 Total Savings $0 $1,115.75 Payoff Date Jul, 2032 Oct, 2031 Payment Calculator | Terms | Privacy | Disclaimer | Contact ©2024 Payment Calculator ATM locations ATM locator Estás ingresando al nuevo sitio web de U.S. Bank en español. Boat payment calculator, calculate monthly boat payments. Use our financing payment calculator to estimate your monthly payment for a new or used boat you buy at a dealership. 1 , 2 Enter a few details in the fields below, and we’ll show you examples of different loan terms, monthly payments and annual percentage rates (APR). Boat financing has a 12-month minimum term and $10,000 minimum amount. It’s available on boats up to 7 model years old. Before you apply... Your U.S. Bank pre-approved rate is good for 60 days,  only at our participating dealers . Find one now using our dealer locator – or start your application right away and search for participating dealers later. The following items need your attention: Choose your  credit score range. Choose the  model year. Enter an  amount to finance. There is a problem on our end. It shouldn't last long. So please try again shortly. After you’ve entered your details, select  Calculate  to see your financing options. No results are available based on the information you entered. Please check to make sure all information is entered correctly. You can still apply, and we’ll work together to find the right option for you. Annual Percentage Rate 2 These are estimates based on the information you entered. Your actual payment may be different. Take the next step. Shop for boats or apply for pre-approval so you know what you can spend at a participating dealership. Finance new or used boats. You can shop with confidence when you start with a boat financing pre-approval. Ready to get started? Disclosures. This calculator is being provided for reference purposes only. The results are estimates and may not reflect final U.S. Bank financing terms. The information does not constitute an application for credit and cannot be used by U.S. Bank to determine a customer’s eligibility for a specific product or service. Monthly payment and annual percentage rate (APR) will vary based on the term, amount financed, model year, loan-to-value (LTV) percentage, credit history and applicable fees. Offers are subject to credit approval. Rates are subject to change. Additional restrictions may apply. Member FDIC. Selling Your Yacht Search our inventory, payment calculator. Yachts By Brand Yacht As A Business Why List With Yachtmann List Your Boat Listing Application Luxury Yacht Charters Captain Services Captain Richard Fachtmann Captain Jackie Fachtmann Steve Kardos Daniel Lowrey Dennys Perez Captain Kevin Cooper Tomas Acosta Captain Stefan Gashus Kathern Uvalle Calculate Your Payments Working with leading marine lenders, Yachtmann.com is able to offer competitive rates and terms to help you purchase a new boat or refinance your existing boat loan. We offer loans for powerboats, sailboats, multi-hull boats, pontoon boats and even personal watercraft. Please review all information below before filling out a free online application. Loan Information Your information. (855) 4UR-BOAT [email protected] Our Services ©2024 Yachtmann.com. All Rights Reserved. Contact Broker "; part2 += ""; part2 += ""; part2 += ""; part2 += ""; part2 += ""; part2 += ""; part2 += ""; part2 += ""; part2 += ""; part2 += ""; part2 += ""; part2 += ""; var part3 = ("" + v_pmt_row + ""); var part4 = ""; part4 += " Drive Off " + loandate.format('ll') + " $" + fns(v_downstuff,2,1,0,0) + " $0.00 $0.00 $" + fns(v_principal,2,1,0,0) + " $" + fns(v_driveoffdepreciation,2,1,0,0) + " $" + fns(v_driveoffvalue,2,1,0,0) + " $" + fns(v_equity,2,1,0,0) + " "; part4 += " "; part4 += " "; part4 += " Biweekly Payments Truck Loans Bad Credit Loans Underwater Trade-in Should You Refi? Auto Loan vs HELOC Term Comparison Lease or Buy Vehicle Depreciation Rebates vs Dealer Financing Environmental Tools Hybrid Vehicles Transportation Savings Car Cost Savings Side by Side Comparison Automobile Affordability Miles Per Gallon Gas Station Savings Personal Loans Credit Cards Average Interest Accelerated Debt Payments Debt Investment Amortizaton Schedule Balloon Amortization Renter Affordability Compare Terms Biweekly Savings Loan Balance Home Loan Consolidation Savings Goals Deposit Savings Compound Savings Paycheck Converter Lifetime Wages Millionaire Goal Marine Financing Calculator Calculate your monthly boat loan payments on new and used boats. Boat Price ($): Down Payment ($): Rebate ($): Add rebate to downpayment?: Trade-in ($): Owed on Trade-in (if rolled in loan): Sales Tax (%): Include Sales Taxes In Loan?: (%): Loan Term : Payment Frequency: Enter the following information to track your loan payments & vehicle equity. Loan start Date: Drive Off Lot Depreciation (%): Subsequent Annual Depreciation (%): Depreciate based upon:   Enter a monthly payment to calculate your maximum boat or yacht loan size. Monthly payment ($): (%): Sales Tax % (if in loan): Loan term (years): Trade-in value ($): Owed on trade-in ($): Down payment ($): Rebate added to down payment ($): Trailer & other accessories ($): Monthly docking and storage fees ($): Annual insurance & licensing fees ($): Annual maintenance ($): Recent Auto Loan Rates We publish an auto lender review guide to help buyers see current rates from top nationwide lenders. For your convenience, here is data on what rates looked like across Q1 of 2023 after the Federal Reserve likely completed most of the current hiking cycle. Borrower Credit Score New Used Super Prime 781 - 850 5.18% 6.79% Prime 661 - 780 6.40% 8.75% Nonprime 601 - 660 8.86% 13.28% Subprime 501 - 600 11.53% 18.55% Deep Subprime 300 - 500 14.08% 21.32% Source: Experian 2023 Q1 data Here were what rates looked like in Q2 of 2022. Borrower Credit Score New Used Super Prime 781 - 850 2.96% 3.68% Prime 661 - 780 4.03% 5.53% Nonprime 601 - 660 6.57% 10.33% Subprime 501 - 600 9.75% 16.85% Deep Subprime 300 - 500 12.84% 20.43% Source: Experian 2022 Q2 data, published in August of 2022 For historical comparison, here is what the data looked like in Q1 of 2020 as the COVID-19 crisis spread across the United States. Borrower Credit Score New Used Super Prime 720 or higher 3.65% 4.29% Prime 660 - 719 4.68% 6.04% Nonprime 620 - 659 7.65% 11.26% Subprime 580 - 619 11.92% 17.74% Deep Subprime 579 or lower 14.39% 20.45% Source: Experian 2020 Q1 data, published on August 16, 2020 Across the industry, on average automotive dealers make more money selling loans at inflated rates than they make from selling cars. Before you sign a loan agreement with a dealership you should contact a community credit union or bank and see how they compare. You can often save thousands of dollars by getting a quote from a trusted financial institution instead of going with the hard sell financing you will get at an auto dealership. If our site helped you save time or money, please get your accessories like cell phone chargers, mounts, radar detectors and other such goodies from Amazon.com through our affiliate link to help support our site. Thank you! Types of Boats Boats are every bit as diverse as homes. Nearly 70 million people across the United States enjoy boating annually. And in some parts of the world boating & fishing are a way of life. Canoes, jon boats, row boats, rodney boats & skiffs are quite affordable. Rigid-hulled inflatable boats, trimarans, airboats & sailboats are a bit more expenses, and then there is a boat for every price range from an ordinary houseboat or yacht to a Paul Allen-styled custom luxury super yacht. The Discover Boating website - which was developed by the National Marine Manufacturers Association - breaks boats down into the following categories. Boat Type Hull Lenght Max Passengers Engine Type Transport All-purpose Fishing Boat 15ft - 20ft 5 Outboard Trailerable Aluminum Fishing Boat  8ft - 24ft 8 Outboard Trailerable Bass Boat 16ft - 25ft 5 Outboard Trailerable Bay or Flats Boats 17ft - 25ft 3 Outboard Trailerable Bowrider 16ft - 28ft 9 Outboard, Sterndrive, Jet Propulsion Trailerable Cabin Cruiser 20ft - 40ft 10 Outboard, Sterndrive Trailerable Center Console 18ft - 30ft 7 Outboard Trailerable Cuddy Cabin 18ft - 28ft 8 Outboard, Sterndrive, Jet Propulsion Trailerable Deck Boat 18ft - 28ft 14 Outboard, Sterndrive, Jet Propulsion Trailerable Dinghy 5ft - 12ft 5 Outboard, Manual Power Trailerable Fish & Ski 15ft - 22ft 5 Outboard, Jet Propulsion Trailerable High Perforamnce Boat 16ft - 24ft 8 Inboard, Outboard, Sterndrive Trailerable Inflatable 8ft - 30ft 6 Outboard, Sterndrive, Jet Propulsion Trailerable Jet Boat 14ft - 25ft 10 Jet Propulsion Trailerable Motor Yacht / Cruiser 26ft - 100ft   Inboard, Sterndrive Not Trailerable Multi-hull Power Boat 16ft - 30ft 8 Oatboard, Sterndrive Trailerable Personal Watercraft 8ft - 13ft 3 Jet Propulsion Trailerable Pontoon Boat 16ft - 30ft 15 Outboard, Sterndrive Trailerable Sailboat 7ft - 70ft 14 Sail Power Trailerable Ski / Wake / Surf boats 16ft - 28ft 8 Inboard, Sterndrive Trailerable Sportfishing Yacht 26ft - 100ft   Inboard Not Trailerable Trawler 26ft - 50ft   Inboard Not Trailerable Walkaround 18ft - 30ft 7 Outboard Trailerable You can quickly compare the above boat classes using the boat finder feature on Discover Boating. They list boats from the following manufacturers in their database: AB Inflatables, Achilles Inflatable Boats, ADA Boats, Alumacraft, Apex Marine, Aqua Patio, Avalon Luxury Pontoons, Axis Wake Research, Back Cove Yachts, Baja Marine, Barletta, Bass Cat, Bayliner, Belzona Marine, Beneteau, Bennington, Berkshire Pontoons, Bertram, Bestway, Blackfin Boats, Bluewater Sportfishing Boats, Boston Whaler, Bryant Boats, Campion, Caravelle Powerboats, Carolina Skiff, Carver Yachts, Catalina Yachts, Centurion Boats, Chaparral Boats, Chris-Craft, Cigarette, Cobalt Boats, Cobia Boats, Concept Boats, Contender Boats, Crest Pontoons, Crestliner Boats, Crevalle Boats, Crownline Boats, Cruisers Yachts, Cutwater Boats, Cypress Cay, Dave's Custom Boats, Duckworth Boats, EdgeWater Power Boats, Everglades Boats, Flexboat, FLOE CRAFT Afina, Forest River Marine, Formula Boats, Four Winns, G3 Boats, Glastron, Godfrey Marine, Grady-White Boats, Grizzly, Harris FloteBote, Hewes Boats, Heyday, Hunt Yachts, Hurricane, Hydra Sports, Intrepid Powerboats, Invincible Boats, Island Boats, Jeanneau, Jupiter Marine International, Landau, Larson Boats, Larson Escape, Larson FX, Legend, Leopard Catamarans, Lowe Boats, Lund Boat Company, Lund Boats, MAKO, Malibu Boats, Manitou Pontoon Boats, Marine Technology, Marlow-Hunter, Marlow-Pilot, Marquis Yachts, MasterCraft Boats, Maverick Boat Company, Mercury Inflatables, Midnight Express Powerboats, Mikelson Yachts, MirroCraft, Misty Harbor Boats, Monark Marine, Monaro, Montego Bay, Monterey Boats, Moomba Boats, Nautique Boats, Nitro, Nordic Tugs, Northwest Boats, Pacific Skiffs, Palm Beach Pontoons, Pathfinder Boats, Pavati, Play Craft Boats, Pond King, Premier Pontoons, Prestige Yachts, Princecraft, Pursuit Boats, Ranger Aluminum, Ranger Boats, Ranger Tugs, Regal Boats, Regency Pontoons, Regulator Marine, Reinell Boats, Rinker Boats, Robalo Boats, Sabre Yachts, Sailfish Boats, Sanpan, Scarab Boats, Scout Boats, Sea Ark Boats, Sea Chaser, Sea Eagle Boats, Sea Ray Boats, Sea Vee Boats, SeaHunter Boats, Skeeter Boats, Ski Supreme, Smoker Craft, South Bay Pontoons, Southport Boats, Southwind Boats, Splendor Boats, Sportsman, Stamas Yacht, Stanley Aluminum Boats, Starcraft Marine, Stingray Boats, Stratos, Striper Boats, Sun Tracker, Sunchaser, Supra Boats, Svfara, Sweetwater, Sylvan, Tahoe Pontoons, Test Brand, Thunder Jet, Tiara Yachts, Tige Boats, Tracker Boats, Trifecta Pontoons, Triton Boats, Varatti Boats, Veranda Marine, War Eagle Boats, Weeres Pontoons, Weldcraft Marine, Wellcraft, World Cat, Xpress Boats - Aluma-Weld, Yamaha WaterCraft & Zodiac. Comparing Loans In recent years there have been about 17 million new automobiles purchased in the U.S. annually with the used sales volume doubling new purchases. Boats have a much lower sales volume, with roughly 238,000 new boats sold across the U.S. in 2015. Boats depreciate rapidly & the boating market is much less liquid than the vehicle market. For these reasons, loans on boats typically charge a higher interest rate than the rates charged on passenger vehicles & 100% financing is quite rare. Lenders typically like to see a significant down payment on watercrafts. Over the past half-decade it seems almost every year the average duration for auto loans on new vehicles is extended by a couple months, stretching out to almost 7 years. Lenders try to limit their risk on used boat loans by sticking to shorter durations & charging higher rates of interests. Some large boats may have loan terms extended out to 15 or even 20 years, though such financing may come with interest rates in the 7% to 10% APR range. Counter-intuitively, some smaller & cheaper boats come with a higher rate of interest than loans for larger & more expensive boats. The reason for this is loans have fixed origination costs which are similar for smaller and larger loans. Thus smaller loans might charge a higher rate of interest to make up for the lower principal & ensure all the fixed costs related to originating the loan are covered. As of March 2019 the Boat Owners Association of The United States ( BoatUS ) offered the following table as a baseline of the sorts of rates boat buyers can expect to pay. Stated rates, loan terms & required down payment can vary depending on the lender, loan amount, boat type & boat model year. Loan Amount Rate Loan Term $15,000 - $24,999 6.79% Up to 12 years $25,000 - $57,200 7.25% Up to 15 years $57,201 - $74,999 5.62% Up to 15 years $75,000 - $349,999 5.25% Up to 20 years $350,000 + 5.37% Up to 20 years Maintenance & Other Costs of Ownership With a boat, the loan is just the begining of your expenses. "A boat is a hole in the water into which you pour money" The full cost of boat ownership includes things like fuel, docking fees, winter storage, insurance & extensive maintenance. Maintenance: Annual upkeep on a boat can easily cost at least 10% of the purchase price of the boat. Older boats tend to require more extensive maintenance. It is cheaper to maintain boats used in fresh water than boats used on the high seas. Boat Insurance: Insurance typically costs about 1.5% of the insured value of the vessel. If you own the vessel outright you can purchase liability coverage, whereas if the vessel is financed you may be required by the lender to carry comprehensive coverage. Registration: Large boats require registation in most states. This can cost dozens to a couple hundred dollars per year. States also charge nominal fees for required boating & fishing licenses, and in some cases regular safety education courses are manditory. Mooring: Mooring for larger boats can cost up to $1,000 per month. Small Boat: Obtaining a mooring can also require the purchase of a smaller boat to access your main boat at its mooring. Winter Storage: Storing your boat in the offseason can easily run a couple thousand dollars per year. You may also need to buy a top or cover. Where winter is particularly cold the engine & boat may need winterization prep so the fuel does not gum up the fuel injectors. Trailer: A trailer for hauling your boat to storage in the off season can easily cost $500 to $2,000. Trailers also need to be registered with the state DMV. Safety Equipment: Responsible boating requires life jackets, visual flares, a fire extinguisher, a horn & a first aid kit. You can expect to spend anywhere from $500 to $1,000 on these. Marine Fuel: Marine fuel typically costs about 50 cents to 80 cents more per gallon than ordinary vehicle fuel, so for smaller boats on a trailer it typically makes sense to buy gas on land. Many fuel docks contain higher octane fuels which burn cleaner & are thus better on the boat's engine. Marina gas also has environmental impact taxes included to offset contamination risk. Some states still charge road tax on marine fuels, whereas some offer a discounted price or rebate, with prices & terms varying by state. Beware fuel with ethanol in it, as the ethanol may separate to the bottom of the tank & if you run the boat near empty it can motor damage. Solutions to mitigate the ethanol-related risks include ensuring your tank is full & using an ethanol stabilizer. At cruising speed fast motorboats can use about 25 gallons per hour, while a pontoon boat might use about 5 gallons per hour. Add a Free Calculator to Your Website 435 IMAGES Boat & Yacht Loan Financing Boat & Yacht Loan Financing Yacht Finance Calculator Boat Loan Payment Calculator Yacht Loan Calculator Loan Calculator For Buying A Boat VIDEO Yacht Mechanic Simulator Take you to see the sea. Yacht out to sea. My boat is famous for being fast. This cruise ship is Building My Dream Yacht From Scratch Pt 11 Leads & Listings Call #2: The Mindset For Success in Boat Sales (Part 1) PAINT CALCULATOR Voly Webinar COMMENTS Boat Loan Calculator for Yacht Financing Ready to buy a yacht? Use our easy boat loan calculator to estimate your monthly payments or calculate your total loan amount. Monthly Payment. ... If you want to roughly estimate what your boat payment will be, calculate 1 to 1.5% of the value of the boat. For example, if you buy a boat worth $100,000, expect to pay between $1,000 and $1,500 ... Boat Loan Calculator Boat Loan Calculator. This boat loan calculator will help you determine what the monthly payments on your boat loan could look like. Simply enter the loan amount, term and interest rate in the ... Boat Loan Calculator If you want to roughly estimate what your boat payment will be, calculate 1 to 1.5% of the value of the boat. For example, if you buy a boat worth $100,000, expect to pay between $1,000 and $1,500 per month. Keep in mind, this is just a rough estimate, and you can get a better idea of your monthly payment, by using a boat loan calculator. Boat Loan Calculator Boat loan payments are affected by everything from purchase price, down payment amount, and interest rate to the borrower's income and credit score… so they can vary widely. A rough estimate is 1% to 1.5% of the purchase price, but using a boat loan calculator is the best way to get your estimated boat loan monthly payment. Boat Loan Calculator: Estimate Your Payments Yacht: $300,000 - $15,000,000+ How can I lower my estimated boat loan payments? ... If a loan seems out of reach after using our boat payment calculator, the strategies below might help. Buy a cheaper boat. A good way to ensure you can manage your payments is to buy a used, inexpensive boat. Although you might be dreaming of a brand-new ... Boat Loans We offer loans for powerboats, sailboats, multi-hull boats, pontoons, and even personal watercrafts. Use our Boat Loan Calculator to determine a monthly payment that's right for you, then fill out an Online Loan Application for our lending partner to underwrite. If you are applying for a loan for $25,000 or greater, click here to apply online. Boat Loan Calculator for Boat Financing Our user-friendly boat loan calculator makes it easy to estimate your monthly payments. Once you determine the type of boat you're interested in, our calculator considers various factors like loan amount, interest rate, and loan term to provide you with a clear picture of what to expect financially. Pursue Boat Financing Tailored to Your Needs. Boat Loan Payment Calculator Intrinsic Yacht & Ship's boat loan payment calculator is a tool to help you assess your target price range for your next yacht. Try it now! Skip to content. Welcome To Intrinsic! Sales: 410-263-9288 ... Get started with our Boat Loan Payment Calculator today! Disclaimer: Results received from this calculator are designed for illustrative ... Boat Loan Calculator Step Five: Account for Additional Costs. There are usually a wide variety of costs and fees associated with owning a boat. Many of these may not be included in the loan payment.These can include fuel (for powerboats), insurance, registration fees, storage costs, maintenance, repairs, a cover, a top, a trailer and its upkeep, dock or marina fees, haul-out, winterizing, safety equipment ... Boat Loan Payment Calculator Our Boat Loan Payment Calculator is a valuable tool designed to assist you in estimating your monthly payments for your boat loan. The process is straightforward: just input the loan amount, interest rate, and Term in the designated fields below . This calculator will provide a breakdown of both principal and interest payments, granting insight ... Boat Loan Calculator It's as easy as 1-2-3! 1. Calculate Your Payment. Whether you're an avid boater or new to the boating world, this loved pastime is available to everyone. If you're buying a new or used boat, you can use Trident's boat loan calculator to understand your financing options. Simply enter your desired monthly payment to get the loan amount ... Boat Loan Calculator By combining these specifics with professional advice, you can confidently navigate your boat loan process. Example Calculation: Let's illustrate with an example: a $30,000 loan, 6% interest rate, and a 5-year term (or 60 months): Applying the formula, the estimated monthly payment is approximately $503.40. Considering Additional Factors ... Loan Calculator Click here for our loan payment calculator to check options for different yacht financing parameters. Durations and amounts to calculate monthly payment options. Boat Loan Calculator For Boat Financing Monthly repayments depend on the amount financed, loan term and applicant's credit score. A $30,000 speedboat financed for five years at an APR of 4 percent currently costs around $553 per month. You can use our boat loan calculator, at the top of our page, to calculate what your loan repayments might be for your boat. New & Used Boat Financing Calculator: Monthly ... The second monthly payment budget calculator shows how expensive of a boat you can buy given a monthly loan payment. Calculator Budget Boat Loans Personal Loans. Boating Loan Basics Amount; ... If your boating dreams are yacht-sized, evaluate the cost of full-time mates, cooks and other needed personnel before committing to a purchase. ... Boat Loan Calculator Lenders calculate these interest rates based on several factors, including your credit report, collateral value/age and Debt To Income (DTI) ratio. In general, APRs are lower for borrowers with higher credit scores, newer collateral, lower DTI and higher down payment. As of January 2024, boat loan APRs ranged between 6.99% and 17.99%. Boat Loan Calculator: See Your Boat Payments Use this boat loan calculator to estimate the cost of a personal loan used to finance a boat. Enter your expected loan amount, desired repayment term and annual percentage rate to see estimated ... Boat Loan Calculator & Boat Payment Tool at Boatzon If you need a boat loan to cover the purchase of a new or used boat, the Boatzon loan calculator can help you determine what type of boat you can afford. Use this boat loan calculator to estimate the cost of a personal loan used to finance a boat. Enter your expected loan amount, your estimated credit score, your down payment, and desired loan ... Boat Loan Calculator 12 Year Boat Loan Calculator. 15 Year Boat Loan Calculator. 20 Year Boat Loan Calculator. 25 Year Boat Loan Calculator. 30 Year Boat Loan Calculator. Boat Loan Calculator is used to calculate the monthly payment for your boat loan. The boat loan calculator comes with an amortization schedule that shows all the details about the loan and payments. Boat Payment Calculator Biweekly Payment Calculator. Land Payment Calculator. HELOC Payment Calculator. Balloon Payment Calculator. Interest Only Payment Calculator. Boat Payment Calculator is a calculator to help borrowers estimate the costs of buying a boat and the monthly payments for their boat loans. New and used boat payment calculator Use our financing payment calculator to estimate your monthly payment for a new or used boat you buy at a dealership. 1, 2. Enter a few details in the fields below, and we'll show you examples of different loan terms, monthly payments and annual percentage rates (APR). Boat financing has a 12-month minimum term and $10,000 minimum amount. Payment Calculator Your Content Goes Here Calculate Your Payments Working with leading marine lenders, Yachtmann.com is able to offer competitive rates and terms to help you purchase a new boat or refinance your existing boat loan. We offer loans for powerboats, sailboats, multi-hull boats, pontoon boats and even personal watercraft. Please review Boat Loan Calculator: Estimate Monthly Payments on Your New or Used Boat With a boat, the loan is just the begining of your expenses. "A boat is a hole in the water into which you pour money". The full cost of boat ownership includes things like fuel, docking fees, winter storage, insurance & extensive maintenance. Maintenance: Annual upkeep on a boat can easily cost at least 10% of the purchase price of the boat. 65-67 Yacht St, Bridgeport, CT 06605 Zillow has 19 photos of this $535,000 4 beds, 2 baths, 2,184 Square Feet multi family home located at 65-67 Yacht St, Bridgeport, CT 06605 built in 1965. MLS #24042579. catamaran gulet motorboat powerboat riverboat sailboat trimaran yacht