Boat Loans FAQ
Q: How do I get the lowest APR on my boat loan?
A: APR rates may be lowered by maintaining a high credit score, choosing a shorter term length, purchasing a boat within your budget, and more. Make sure you understand how your next boat loan will impact your finances.
Q: How does the age of the boat factor into the final cost of the loan?
A: Boats come with some financial considerations related to their age. Newer boats cost more upfront while used boats do not. Newer boats are often associated with lower interest rates due to lesser depreciation values. The opposite is true of used boats. Compare your options carefully before you make your purchase.
Q: Do I need to make a down payment?
A: Arbor Financial offers zero down boat loans that take care of all financing from start to finish! Qualified borrowers are encouraged to contact our team for additional information.