Reasons to Finance Your Boat
If you’re looking for the perfect way to spend a beautiful day, there’s nothing like cruising around on your very own boat. But these machines can be expensive, which is why we here at New Jersey Outboard want you to consider financing the purchase! We’ve outlined a few of the biggest benefits of financing your boat, below, but if you want to learn more or talk to our financing experts, contact our store today!
No Delay
Trying to pay a boat off entirely from the get-go means using up a hefty sum of cash. Unless you’ve got an impressive savings account, chances are you’ll have to save up for the purchase for a long while—maybe years, maybe longer.
Meanwhile, financing means you only need to pay 10-20% of the boat’s value as a down payment. The rest is paid off in monthly installments with interest, meaning you don’t need to save as much to get your boat in the water. You pay that down payment and can immediately get to cruising, meaning you, your family, and your friends don’t need to be too patient.
More and Better Options
If you’re trying to pay off the entire value of the boat in one sitting, you’re going to have some restrictions on which boats you can and can’t afford. That’s only right—budgeting and realistic limits are important in any purchase process.
But since financing means you’re only paying a fraction of the boat’s total value at once, you gain access to boats you may not have been able to afford before. That financial flexibility means access to luxury, high-end, or specialized models you wouldn’t have even considered, previously—or you might just get a bigger version of the boat you would’ve otherwise bought!
And anyone who wants a smorgasbord of options in layout, features and amenities, and more will want to finance their boat purchase.
Use the Money For Other Things
Of course, you don’t need to reinvest your savings in the boat purchase itself. The money you don’t spend on a boat’s full value could instead be spent on supplies for fishing or watersports, aftermarket upgrades and parts, or saved for future maintenance. Maybe invest in a nice boat trailer to get your vessel to and from the water.
In fact, you can use that money however you want—keep it for emergencies, go out for a few nice dinners, and whatever else you like. Financing allows you to divvy up and spend your money how and when you want and need.
Ready to see what kind of boat financing can land you? Contact us at New Jersey Outboards for more information, or if you have questions for our financing department. We proudly serve the people of Philadelphia, Pennsylvania, and of New York and Connecticut—let us serve you today!