Key Takeaways
- 918 Boats offers in-house boat motor financing. Benefit from our expertise and personalized service.
- Use our free boat motor financing calculator. Get accurate payment estimates and explore different financing options.
- We specialize in financing popular boat motor brands like Mercury-Marine and Yamaha. Trust our knowledge and experience for the best deals.
For over a decade, 918 Boats has been dedicated to serving the boating community in Tulsa and beyond. As your trusted partner for all things boating, we understand the importance of reliable and affordable financing for your outboard motor.
Our in-house financing experts have a deep understanding of the industry and are committed to providing personalized solutions tailored to your individual needs.
Let us help you navigate the complexities of boat motor financing and secure the best possible terms for your boating adventure. Contact our financing department today to get started!
Understanding Boat Motor Financing
When it comes to financing your outboard motor, understanding the available options is crucial.
Secured loans, backed by the boat itself as collateral, often offer lower interest rates. Unsecured loans may require a higher credit score and potentially higher interest rates. Personal loans can also be used for boat motor financing, but they may have varying terms and rates.
Several factors influence your interest rate, including your credit score, the loan term, and the type of motor you’re financing. A higher credit score and shorter loan term can lead to more favorable interest rates.
Factors Affecting Boat Motor Interest Rates:
- Credit Score
- Loan Term
- Motor Type (e.g., horsepower, brand)
- Lender’s Policies
- Economic Conditions
Is it Hard to Finance a Boat Motor?
Securing financing for your boat motor doesn’t have to be a complex process. While factors like your credit score, down payment, and income play a role, 918 Boats is here to assist you in finding the most suitable financing options.
Our in-house financing experts will work diligently to assess your financial situation and explore various possibilities to get you approved. Don’t hesitate to contact us to discuss your boat motor financing needs and let us guide you towards a seamless and enjoyable boating experience.
Financing a Boat Motor: Frequently Asked Questions
Q: How much is a monthly payment on a $100,000 boat?
A: The monthly payment for a $100,000 boat can vary significantly depending on your interest rate, loan term, and down payment. Use our boat motor financing calculator to get a personalized estimate.
Q: How much would a monthly payment be on a $30,000 boat?
A: The monthly payment for a $30,000 boat will be lower than a $100,000 boat, but the exact amount depends on the factors mentioned above. Use our boat motor financing calculator to get a personalized estimate.
Q: What are average boat finance terms?
A: Average boat finance terms typically range from 10 to 20 years. However, shorter or longer terms may be available depending on your lender and financial situation.
Q: Can you finance just a boat motor?
A: Yes, it’s possible to finance just a boat motor. 918 Boats can help you explore your financing options and secure the best terms for your needs.
Q: Are Mercury boat motors made by Ford?
A: No, Mercury Marine is a separate company and does not have any ownership ties with Ford.
Q: Are Mercury outboards reliable?
A: Yes, Mercury outboards are generally considered reliable and have a strong reputation in the marine industry. However, proper maintenance and care are essential to ensure long-lasting performance.
918 Boats’ Free Boat Motor Finance Calculator
Our user-friendly boat motor financing calculator is designed to provide you with accurate and personalized payment estimates. Simply enter the purchase price of the boat motor, sales tax percentage, desired loan term in months, estimated interest rate or APR, and any down payment or trade-in value you have. With just a few clicks, our calculator will provide you with an estimated monthly payment, allowing you to make an informed decision about your financing options.
Benefits of Using Our Boat Motor Financing Calculator:
- Accurate Payment Estimates: Get a precise estimate of your monthly payments based on your specific inputs.
- Flexibility: Easily adjust the sales price, sales tax, term, interest rate, and down payment to explore different scenarios.
- Informed Decision-Making: Use the calculator to compare different financing options and choose the one that best suits your budget and needs.
- Free and Easy to Use: Our calculator is accessible online and requires no registration or login.
- Personalized Results: Get tailored payment estimates based on your unique financial situation.
918 Boats Advantage: Your Trusted Partner for Boat Motor Financing
At 918 Boats, we’re more than just a boat dealership; we’re your dedicated partner for all your boating needs, including financing. Our in-house financing experts have a deep understanding of the marine industry and specialize in financing popular boat motor brands like Mercury-Marine and Yamaha. We’re committed to providing personalized guidance and competitive rates, ensuring you get the best possible deal on your boat motor financing. From pre-approval to loan closing, our team will be with you every step of the way, making the process as smooth and stress-free as possible. Let 918 Boats be your trusted source for boat motor financing and experience the difference our expertise can make.
Get pre-approved today!
