Philip Bartholomew from Seacoast Marine Finance dives right into boat financing, and help you navigate through the plethora of options. “…Generally speaking, you’ll find four types of loans: fixed rate, variable rate, hybrid, and interest-only”. If you thinking about financing your next boat read this post.

It’s common knowledge that now is the time to buy anything IF you have the ability to do so. Cash is obviously a plus, but there’s contrary to popular belief, there are still many sources for boat financing. Banks are happy to offer excellent loans to those that have dependable cash flow, good credit history and can comfortably make a 15% to 20% deposit. so you are willing, ready and able…now what?

We are constantly bombarded by advertisements, websites and business cards from brokers and salesmen claiming that they offer a truly “one stop shop”.  That unlike the competition they offer “full” service.  Ok- explain.
Are you saying …

Unless you’re Hemingway’s Santiago (Google it) you probably enjoy some company on the boat. Be it friends or family they make the experience more enjoyable so it’s natural that their opinion should influence your buying …

Even in the current financial environment, yacht loans remain accessible from prominent banks throughout the United States and Europe. Competitively priced loans for vessels of all sizes continue to be available to qualifying applicants.

The basic idea a boat show is fundamentally sound: to put sellers and buyers in the same place at the same time and give them an open invite to meet.  Fine idea and for the most part …