Have you always wanted to own a yacht? There’s nothing like spending all day on the water and soaking up the sun on the top deck, but paying for that dream is anything but a sea breeze. If you’re ready to set sail, consider these three boat financing options.
Take Out a Loan
If you have good credit, the simplest way to finance a yacht is a loan. Marine lending specialists in Deerfield Beach, FL, have a variety of loan options to fit your budget and circumstances. Once approved, yacht ownership is as simple as making your monthly payments on time.
Are boat payments out of reach? Consider trading your home or apartment for full-time yacht living. You may even save money if your rent or mortgage payment is more than the cost of the boat and marina fees.
If you’re the kind of boater who intends to use your yacht for a few days each month, boat sharing may be the right option. Work out a deal with others who want a yacht and split both the boat and the payments. Some marine lending specialists in Deerfield Beach, FL, can make sharing easy with a multi-party loan.
Are you ready to finally get behind the captain’s wheel? As one of the leading marine lenders in Deerfield Beach, Elite Financial International can help with competitive rates and terms. Explore their services at yachtloans.com.