Boat Financing Calculator and FAQs

Where to finance your boat is a big decision, and we're here to help! No matter where you are in the purchase process, our boat financing experts will make it as easy as can be. Explore our boat financing calculator and some common questions to help relieve your concerns.
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  • As the world's largest boat retailer, we deal with banks more than anyone else.
  • We handle everything for you and have the best available programs to offer.
  • Because you are purchasing a product from us, you are a priority to us and it is in our best interest to secure your approval as quickly as possible with the best rates and terms possible.
  • Rather than shopping banks and giving your financials to several banks, we will complete the whole process for you.
  • Once approved, we will provide multiple options to choose from.
  • We will provide an insurance quote and discuss extended warranty products as well, which you can include in the financing through our company.
  • At this time our lenders do not offer a docu-sign program.
  • We can usually do a mail closing in front of a notary or general consulate. In doing so , we simply overnight you the require documents along with the areas required for a notary to sign, and you overnight them back to us.
  • Since most of our lenders do Fax Funding, the process is quick and efficient.
  • Typically loans under $150,000 are "Stated Income"; this means that what you enter on your application is used at face value. There are times that proof of Stated Items will be required.
  • Loan amounts over $150,000 require more documents (tax returns, proof of down payment/liquidity, personal financial statement, etc.).
  • The underwriters need time to process your information as well, making these decisions for the loan a slightly longer process. Typically, with our experience, we can get a decision within 24 hours after all documents are received.
  • Our banks specialize in marine lending and usually offer better rates for longer terms.
  • You can reduce the hassle of going between places to deliver items.
  • Credit unions generally don't wire final payments, which will delay delivery.
  • You will lock into today's pricing and protect yourself against increases in parts and labor costs.
  • If you purchase the warranty at the time of delivery, you will get the 6th or 8th year for free and only pay for a 5- or 7-year warranty.
  • You can also include the warranty in your financing and not have to put any additional money down.
  • There are a lot of factors that determine your final approval terms, however we will be happy to provide you with an overall explanation of what our terms look like.
  • Banks will typically lend up to 80% of your purchase price, meaning you will need at least 20% cash down.
  • With a thorough review of your financing package, we will be able to provide you with your final approval terms.
  • It is our job to make you aware of all the great offers we can extend to you, such as financing, warranty, insurance, titling, and documentation, in addition to assuring your purchase goes as smoothly as possible for you.
  • Banks will typically lend up to 80% of your purchase price, meaning you will need at least 20% cash down.
  • With a thorough review of your financing package, we will be able to provide you with your final approval terms.
  • Financing: All the underwriting is done at store level, making sure everything is in place before sending it to the lender. The lender will secure financing and assure that you will be offered the best approval terms, which may include no-prepayment penalties and/or zero additional closing cost.
  • Extended Protection: Coverages are personalized for your boat and can be built to include engine, accessories, generators, block and wear coverages.
  • Insurance: Our agent, Boater’s Choice, will shop several quotes for you only through A+ graded companies in the boating industry, which helps secure coverage that will best suit your needs.
  • Titling & Documentation: We make sure your vessel is registered correctly and in a timely manner so that you can navigate legally while using your boat, as well as saving you from having to perform the task yourself.

Frequently Asked Questions About Financing Your Boat Purchase

Boat Finance FAQ

Can I Apply Online?

MarineMax makes it easy to start enjoying the boating lifestyle with affordable and easy to obtain financing - online.

Boat Finance FAQ

Can I Close Remotely on a Boat?

Can I complete my purchase remotely if I am unable to meet with a MarineMax representative in person?

Boat Finance FAQ

Can I Finance Optional Boat Equipment?

A huge benefit of working with MarineMax is the ability to roll any optional equipment you purchase into your financing.

Boat Finance FAQ

Differences Between Manufacturer and Extended Boat Warranty

Find the differences between your boat manufacturer's warranty and the extended service contracts offered by MarineMax, including how the extended service contract can fill the gap in some of the limitations of the manufacturer's warranty.

Boat Finance FAQ

Do I Need to Insure My Boat?

There are some states that do not require insurance if you are not financing a boat, though we recommend you do. If you are financing your boat, our lenders do require that you have insurance on your boat.

Boat Finance FAQ

Do You Help Register My Boat?

MarineMax take care of all ownership and registration paperwork for you so that everything is ready to go at time of closing.

Boat Finance FAQ

Why Finance with MarineMax and Not a Bank?

Typically, banks will require the boat buyer to pay a minimum of 20% of the boats full value and the bank sets the value. Many bankers are unaware of the many nuances of financing a new or used boat. Consider the MarineMax alternative for boat financing.

Boat Finance FAQ

What Type of Credit Do I Need to Buy a Boat?

The finance experts at your local MarineMax are prepared to provide you with simple short-term and long-term, hassle-free financing packages. They can help guide you through the ins-and-outs of obtaining a loan.

Boat Finance FAQ

When Do I Meet with a Business Manager?

The Business Manager at your local MarineMax is available to meet with you at any time during the process to help you make the right purchase.

Boat Finance FAQ

Why Finance When I Can Borrow Against Investments for a Boat?

With MarineMax, when you finance through us, the rate of your loan is fixed and will not fluctuate during the life of your loan.

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The results displayed here are only an estimate. Please contact a MarineMax sales representative for your actual payments or a financing quote.

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