If you're looking into buying a boat, then you may be interested in a boat loan, as it will allow you to pay off the boat over time instead of in one lump sum. Watch this video for tips on assuming a boat loan.
One of the major factors to consider is duration of the loan. In most cases, it’s beneficial to spread the loan out over a long period of time. It’s also important to research the history of the boat’s title. If a loan is still out for the boat you’re looking to purchase, then be wary, as you may assume responsibility for the balance currently due on that title.
At Boat Tree Marina, we offer a wide selection of boat sales in Orlando and can be reached at (888) 485-9883 to answer your boat sale questions.