Boat Financing Options
Financing with McNally Yacht Sales
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McNally Yacht Sales -Financing
We use Lending Associates who specializes in boats loans. Most loans are between
5-15 years with 20% down. Give us a call and we can put you in touch with Grant,
our guy at Lending Associates.
start youR boat buying adventure
Frequently Asked Questions
What are my financing options when purchasing a boat?
Many lenders, 5-15 year loans, Our go-to guy is Grant at Lending Associates.
How does the boat financing process work?
Normally you need 20% down and rates vary.
What factors determine my boat loan interest rate?
How you use your credit, market timing, etc. It is best to not sell your house or
quit your job before you secure a loan, as you will typically get a better rate and have a smoother experience.
Can I finance both new and used boats?
What is the typical down payment for a boat loan?
We typically see 20% down.
Are there any tax benefits to financing a boat?
Yes, reach out to your tax person for more information.
Can I refinance my boat loan to get a better interest rate?
Yes, if your loan allows it.
What happens if I can't make my boat loan payments?
Call your loan officer and discuss a payment extension plan.
Is it possible to pay off my boat loan early?
Yes, most loans allow that.
Can I include additional costs like insurance and accessories in my boat financing?
Yes, some lenders allow that.
See What Fellow New Boat Owners are Saying About Our Yachts for Sale Services
I wanted to thank you for the remarkable support and expertise you provided throughout the
entire selling process of my sailboat. Your attention to detail, great negotiating skills, and personalized service made me feel confident in getting my boat sold.
Teddy & Julie
Julie and I wanted to take a moment to thank you for your unwavering support and dedication throughout our journey of buying a yacht. Your expertise and commitment to ensuring we found the perfect vessel for our needs were truly remarkable. We are now the proud owner of our dream catamaran, and I have McNally Yacht Sales to thank for it. Here’s to many memorable voyages ahead!
Ellison Premier Marine Service and McNally Yacht Sales has great customer service, maintenance and sales support. I moved my cruiser from Illinois to Florida in 2016 and Scott Ellison serviced my cruiser for 6 years. Scott and his team continually exceeded my expectations maintaining my boat. I would highly recommend using Ellison Premier Marine Service and McNally Yacht Sales for maintaining and/or selling your boat.