Boat Financing

Boat Financing at Hickory Bluff Marine – Boat Financing – 912-261-7965

If you’re in the market for a boat, Hickory Bluff Marine is a great resource for your boat purchase and finance needs. We have plenty of useful advice, and we can show you the latest technology and help you find financing tailored to your budget. We offer financial specialists, whose job is to help you with everything from completing a loan application to closing and licensing your new boat.

Purchasing a boat from a dealer offers a number of advantages, including:

• access to multiple finance sources and/or special manufacturer and dealer finance programs
• year-round service departments
• extended warranty programs
• manufacturer and dealer incentive programs
• Hickory Bluff Marine offers special programs designed to make it easier for you to buy and pay for your boat. Be sure to ask us about the availability of special finance options such as, low or no interest introductory rates, or incentive rates.

Loan Choices

Much like real estate loans, several types of loans are also available to those who finance their boat. We’ll explain the complete details of what tpe loans are available for you. We help you choose the one that best suits your financial profile.

¦The most common, simplest, and generally considered most favorable, is a fixed-rate and fixed term simple interest loan. This type maintains the same monthly payment for the life of the loan. At the end of the loan, the borrower has paid off all interest and principal obligations. At that point, as in real estate, borrowers “burn the mortgage.” ¦Variable rate loans have interest rates that float based on different interest rate indexes, such as the “prime” rate, or LIBOR rate. They often offer low introductory rates. Rates can change daily, or at some preset point in the future, usually months or years.

Borrowers should look at the adjustable period and other details to clearly understand how payments could change and anticipate how to manage them. Balloon payment loans require borrowers to pay the entire balance at the end of a stated term. Some borrowers choose “balloons” since they know they will only own a boat for a certain period, say three years, and prepare to pay off the loan at that time..

Bottom line? We work hard to get everyone financed so they can enjoy their boat.