Financing
We will be happy to assist you and walk you through the process of obtaining financing and/or insurance for any boat purchased through our company. We maintain a network of contacts within the financial and insurance communities for this purpose and will be happy to refer you to the institution who can best meet your needs.
Not unlike buying a car or home, purchasing a boat takes you to the world of financing institutions. Depending on your credit rating and where you go for a loan, boats can be financed up to 100%, for up to twenty years, and the lending rate can vary not only bank to bank and credit union to credit union, but you might even be able to negotiate your interest rate.
A wise buyer shops around for the best term and rate -- a rate that fits your budget and makes your purchase a pleasant experience for years to come. If you can afford the higher payment, a shorter-term loan can save you much in interest, but if you're not in a rush and prefer more comfortable payments, that can be arranged as well. It depends on your income, your credit rating, and your ability to find out your different options.We can also arrange for insurance quotes and binders to assist in the transfer of ownership with minimum fuss.
Before you shop Outside, you might want to compare rates for the following lending institutions right here in Alaska:
Credit Union 1
True North FCU
Alaska USA
Alaska State Employees FCU
Wells Fargo
National Bank of Alaska
The results of this loan payment calculator are for comparison purposes only.
They will be a close approximation of actual loan
repayments if available at the terms entered, from a financial institution. This
is being
provided for you to plan your next loan application. To use, enter values
for the
Loan Amount, Number of Months for Loan, and the Interest Rate (e.g.
7.25), and
click the Calculate button. Clicking the Reset button will clear entered
values.
Enter only numeric values (no commas), using decimal points
where needed.
Non-numeric values will cause errors.
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