Now that summer is officially here, it’s time to start enjoying the open seas! Instead of simply swimming around in the waves, why not use this summer as an opportunity to try something new? Buying a boat is a great way to spend time with your family—offering a variety of fun and exciting activities for the sunny days of summer.
Orlando is a fantastic city for boat sales, which means you’ll be able to find a boat that’s perfect for you. Financing your new boat is a great way to spread out payments and enjoy your summer plans without the financial worry. Following these tips will help you finance your new boat:
- Pre-qualify for a loan. Financing a new boat is a much simpler process if you’ve already been pre-qualified for a loan. This will help you create a plan, set a budget, and determine which boats are best for you. Knowing your price range will help narrow your huge range of choices.
- Get a down payment ready. Setting aside money for your down payment is an essential step toward buying a new boat. Many finance lenders prefer a down payment that is between 10 and 20 percent of the total cost of the boat. If you are able to afford a larger down payment, then you’ll save money on fewer interest payments.
- Ask your boat dealer about financing. There are many benefits to financing with your boat dealer instead of an outside lender. You’ll only have to deal with one company during your transaction, and you’ll be able to ask about warranties.
At Boat Tree Marina, we offer the very best options for new boat financing. We also specialize in boat slips and boat storage. Visit us online or call us today at (888) 485-9883 for more information.