How to finance a boat
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Transcript of How to finance a boat
Yacht Sales & Marketing. Simplified
Financing a Yacht/Boat
Presented by:www.SeeTheYachts.com, the #1 Listing & Marketing Portal for Yachts & Boats for Sale.
When Financing Your Yacht/Boat, Consider…
• Various sources– Credit Unions– Banks– Financial Companies
• Collaterals– Home equity– Stocks & bonds– Life insurance
• Interest type– Fixed– Floating– Balloon
Sources—Credit Unions
• Credit Unions– Certain credit unions finance boat/yacht loans– Check with your credit union before you approach other
sources for yacht/boat loans– Credit unions generally offer a lower rate of interest to their
members
Yacht Financing Sources—Banks
• Banks– Check with your bank if they offer boat/yacht loans– Check if the bank is a member of National Marine Bankers
Association (NMBA)– NMBA banks process boat/yacht loans faster
Sources—Financial Companies
• Non-banking Financial Companies– May be a member of National Mariner Bankers Association
(NMSA)• If opting for a non-banking financial company to finance your
boat or yacht purchase, it is recommended that you approach one that is a member of NMSA
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used boats for sale and yachts for sale.
Are you a Yachts/Boats manufacturer or Broker looking to sell your yachts and boats? We can help! www.seetheyachts.com is the number one listing portal for yachts for sale and boats
for sale .
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