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Financing Your Boat

Boat Loan Calculator

Boating may be more affordable than you think. In some instances, you can buy a brand new boat for around $250 a month, while a new PWC may be purchased for around $125 a month. If you know your monthly budget amount, enter it in the total loan amount window and work backwards to determine what size loan you can afford. If you know the cost of the boat or PWC you want, put that amount in the monthly payment window to determine your monthly payment.

1.Enter your loan amount:
$
2.Select interest rate:
%
3.Select loan term:
years

Your monthly payment:

-

1.Enter your desired monthly payment:
$
2.Select interest rate:
%
3.Select loan term:
years

Your total loan amount:

-

Please note: Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. By using this program you acknowledge that the National Marine Lenders Association (NMLA) shall not be responsible for any damages resulting from the use of the Loan Calculator by you or any other person, however caused.

To determine typical interest rates and terms, call a boat financing lender, visit one of their websites, look at financing advertisements in boating magazines, or discuss it with a marine retailer.

(*Rates are based on loan amount, credit history and term of loan)

Buy a boat in 2018 and enter for your chance to win $10K!

Already bought a boat this year?  Planning to do so soon?  You could win!

Simply download the FREE “Discover Boating Safety” app to access the contest entry ballot. Submit your name before the contest closes on September 30th and you could win $10,000 towards the purchase of your boat!

The Discover Boating Safety app has all the info, tips and tools needed for boating safely in Canada, including navigation buoys, checklists, emergency contacts and much more.

This contest is valid for boats purchased after January 12, 2018 and delivered by May 2019.  Contest closes September 30, 2018.

For more information visit www.DiscoverBoating.ca/boat-safely

 

The Discover Boating Safety app is FREE and available from the Apple and Google Play stores.  Offered in English / Français / 中文