Financing

Are you ready to get the boat or motor of your dreams but not ready to pay the whole amount out-of-pocket? Or maybe you have the funds but would like to keep your hard-earned cash. Here at Boat Specialists, we are committed to helping you achieve your boating dreams as quickly and smoothly as possible. We are excited to offer in-house financing options where we work with multiple lenders to pair you with the best rates and terms available to you!

 

For purchases up to $5,000, you can also check out Affirm! Affirm allows you to pay at your own pace without any fees, so you can get the boat or motor you love without breaking your budget. CHECK OUT MORE ABOUT AFFIRM HERE.

 

 

Boat Packages

Are you looking at purchasing a new boat from a quality brand like Zodiac, SeaFox, Highfield, Ranger Tugs, Boston Whaler, and more? Buying a boat can be very exciting, but can also be expensive. With boat financing, you have the option to pay those big ticket items over time with a more manageable payment option. Boat packages consist of a boat and outboard motor(s) and can include a trailer. Most lenders will finance up to 130% over MSRP. That means you can finance an entire electronic package including but not limited to a new stereo system, navigation system, autopilot, radar, chartplotter, or underwater lights.

 

Boat Package Requirements:

-Minimum finance amount for CA residence: $5,000 (before taxes and any additional fees/options)

-Minimum finance amount for Non-CA residence: $10,000 (before any additional fees/options)
-Down payments range between 0-20% based on your individual credit report and finance amount (packages valuing $100k+ prior to taxes and additonal fees have a minimum 15% down requirement)
-Digital signatures available depending on the lender. Some lenders require hand written signatures only.
-60 to 240 month term options available based on lender and finance amount (240 month term only valid for loan amounts $75,000 or greater)

 

Repower (Outboard Only)

Already have the boat, but are in need of a new motor? Boat Specialists can help you finance that new outboard motor that you’ve been searching for. Whether it’s a Mercury 40hp or a Yamaha 250hp, our outboard-only lenders understand the importance of having a reliable motor moving you and your family safely on the water. Most lenders will finance up to 130% over MSRP. That means you can add in a spare propeller or the rigging components to fund along with the motor.


Repower Requirements:

-Minimum finance amount for CA residence: $2,500 (before taxes and any additional fees)
-Minimum finance amount for Non-CA residence: $5,000 (before any additional fees)
-Minimum 10% down payment required
-Digital signatures available depending on the lender. Some lenders require hand written signatures only.
-48 to 180 month term options available based on lender and finance amount

 


Loan Stipulations:

Loan stipulations are conditions the lender requires in order to finish the loan process. These aren't required on every loan application, but if any are required you will be notified in the approval email. Please note that in some cases the information provided can make the lenders ask for further documentation. That means if you fulfill a stipulation they could still ask for additional documentation to help finalize your loan. Loan stipulations can include but are not limited to the following:

 

-Proof of Income (i.e. recent paystubs, W2, tax returns, etc.)

-Proof of Insurance on collateral

-Proof of Residence (i.e. current utility bill or bank statement)

-Photo copy of Driver's License

 

Non-California Residences:

It is Boat Specialists goal to be able to offer financing to all of their customers no matter where they reside. Lending options are determined based on location, dollar amount and the manufacturer(s) of the collateral. Some restrictions apply. Please reach out to our finance department if you have questions on whether or not we can assist you with financing.


How to Get Started: 

To get started please reach out to one of our sales team members at (805) 644-6290 opt 1. Our sales team members will work with you on a quote based on your purchase needs. Once a quote has been set-up and all additional accessories needed/wanted are added by our outfitting team, you can go straight to the application process for financing. 


Have you already received a quote from a sales team member? Apply today and our finance department will reach out to you shortly after!


*All financing deals are case-by-case and we cannot provide your rates/terms until your application has been processed and the lenders have evaluated your credit history. There is a $200 doc fee added to all deals financed to cover expenses incurred for filing, processing, mailing, etc dealership and lenders. This fee is financed into your loan. 

 

Perks of Financing

* Quick Approvals (within 24 hours)

 

* NO Early Payoff Penalties - this allows you to pay off your loan as quickly as you like while always having the option of the lowest monthly payment.

 

* Lenders offer up to 130% over MSRP

 

* By financing your boat purchase, you can afford all the gear that it takes to make boating safer and more enjoyable.