How to Finance a Pontoon Boat in Florida
If you need a boat to take your family out on the lake in, you can purchase a pontoon boat in Florida. A pontoon boat is an inexpensive, flat-bottom boat usually used for pleasure boating. Instead of saving up for your pontoon boat, you can finance the purchase. Lenders both in Florida and outside of the state offer loans for boats. Interest rates and payment terms vary by lender and amount financed.
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Instructions
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Shop for your pontoon boat with a dealer that offers financing for Florida residents. Some boat dealers with financing include Top Notch Marine and Don's Boating Supplies. The Boat Dealers website (see Resources) has a list of boat dealers in the state. Apply for financing with the dealer by completing a financing application once you find a boat you want to buy.
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Apply online for a boat loan through a financing company that specializes in boat loans, such as Boat U.S. or eBoat Loans (see Resources). Your employment and income information is needed for the application.
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Visit a local bank to apply for a boat loan. Some banks with branches in Florida that offer a boat loan include Bank of American and U.S. Bank.
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Use a credit card if you cannot secure a boat loan or other financing. While credit cards typically have a higher interest rate than a boat loan, if you have enough available credit you can buy your boat and put it on a credit card.
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