Boat Financing-Take the Helm

Contrary to what you might believe, owning a boat is not impossible. As a matter of fact, there are a lot of people who can testify that it’s not as complicated as you think. It is normally as easy as getting a loan for a car. Now that you know this information, does that sound tempting to you?

Better boat becomes affordable: If you qualify for a loan, chances are you can probably buy that bigger, better boat. A loan will provide you with access to more funds than what your savings.. Buying a boat with cash might mean you having to settle for a smaller boat owing to a cash shortage

Many boaters are unaware that there are simple ownership options available on recreational products other than using their own hard earned cash, investments or personal line of credit. The type of financing we have available is much different than your typical line of credit or branch level loan.  For instance, the only collateral used is the boat, so your home or cottage are not being tied up for a boat purchase.  The rates offered by the lenders are fixed for the term, with the ability to amortize over 5, 10, 15 or even 20 years!!  Having said that, the average loan payout is 42 months in the boating industry. As a rule nobody takes 15 or 20 years to pay out their loan. They do however tend to take advantage of the longer amortization, knowing they have the ability to pay out the loan at any time, as they are set up to be completely open.

Not all buyers have the same needs. We work with you to achieve a custom fit for your boat. Our goal is to make the loan application process as easy for you as possible, while guaranteeing a boat loan package that gives you the best rates and terms available.  Why not utilize your cash wisely by investing it, and take advantage of the Pride Purchase Plan for your new watercraft?  Your investments and assets are left secure, with no collateral except the boat itself!

Interesting Statistic -
Did you know... that according to Canadian statistics, only 2% of us use actual cash to make large purchases?. Are you using your cash wisely?
 
We will work to obtain the best financing options available for you, allowing you to choose the payment that best suits your needs, with flexible terms from 12-240 months. We will look after all of your purchase documentation including registration, extended factory warranty information, payment options and referral information for insuring your new boat.

We look forward to working with you and building a custom purchase plan to suit your needs.

Pride’s business office offers “one stop shopping” and “worry free financing” for your purchase!