Marine Financing – Online Application – Boat Loans

About Us Header

Get Pre-Approved Today!

At Top Notch Marine, with nearly 40 years of experience, we have established strong partnerships with some of the most trusted lenders in the marine industry to offer you some of the most competitive boat loan rates in Florida. Our finance experts are here to simplify the process with hassle-free financing options, whether you’re looking for short-term or long-term solutions. We are committed to working tirelessly on your behalf to secure the best loan terms for both new and pre-owned boats and motors. Thanks to our access to a wide range of competitive financing programs, we can often provide rates that beat offers from your own bank or credit union. Please note that financing a boat is a slightly different process than financing a vehicle, and it may take a bit more time to finalize. Rest assured, our dedicated team will guide you every step of the way, ensuring that your boat purchase is as smooth and stress-free as possible.

Get Started Here with our Secure Online Credit Application

If you have any finance questions, please give Greg Silvers our finance guru a call at 772 370-7576.

Finance Type

    Finance Application Individual

    Buyer Information

    Name

    Address

    Time At Address

    Email Address *

    Phone Number

    Date Of Birth

    Social Security Number

    Employment Info

    Employer Name

    Time At Job

    Annual Income

    Unit Information


    Housing Information

    Rent Or Own

    Monthly Payment

    Statement Of Consent

    I certify that the information provided by me is correct. I also understand that you will be checking with credit
    reporting agencies. I authorize an investigation of my credit and employment history and the release of information
    about my credit experience. Please initial below to indicate that you have received a copy of our Privacy Notice and
    agree to all of the above. YOUR CREDIT APPLICATION IS GOING THROUGH A SECURE WEBSITE AND YOUR IDENTITY IS SAFE



    Finance Services Offered
    • New and Pre-Owned Boat Financing
    • Boat Loan Refinancing
    • Extended Service Contracts
    • Prepaid Maintenance Programs
    • GAP Insurance
    • Credit Repair Counseling
    • Outboard Motor Loans
    • Boat Engine Financing
    • Repower Financing
    • Pre-Owned Boat Financing
    • Used Boat Loans
    Frequently Asked Questions About Boat Financing

    Q: What is the best way to get started?

    Complete and submit the online loan application above or contact us at 888 278-1991 to complete an application with one of our finance specialists via phone.

    Q: What are current loan rates?

    Boat loan rates and terms are based on several different factors: the amount being financed, age of the boat, down payment and, most importantly, your credit score. A credit application is required to quote actual rates. Rates quoted without an actual application are often inaccurate and underquoted.

    Q: How long is the rate locked after approval?

    Typically lenders lock the rate for anywhere between 30-60 days.

    Q: What typical loan terms are available?

    Terms can vary based on credit and age of boat, but typical terms would be: 7 to 25 Years.

    Q: What are the down payment requirements?

    15-25% is standard for most loans. Certain boats can require as little as 0% down or much as 30% down. Any equity (trade allowance less loan payoff amount) in a trade in may be counted as part of the down payment.

    Q: Are there any “points”, loan application fees or closing fees?

    Marine loans do not typically have “points” like real estate loans. Any closing or loan application fees will be fully disclosed prior to completing loan documents. State title fees, registrations or U.S. Coast Guard documentation fees are additional. All fees can be wrapped into your loan or paid separately.

    Q: How much are prepayment penalties?

    Most loans offered by Top Notch Finance are no prepayment penalty after the first 12 months of the loan. Loans with penalties can range from $75-$200, however, not all lenders have prepayment penalties.

    Q: How long does it take to get approved and closed?

    Approvals can take a few hours (on business days) to a few days depending on complexity. The loan closing can follow within a day or two once the approval has been obtained, all supporting documents have been received and all conditions have been met. The loan closing can take place in our office or via certified mail.

    Q: What is the least and most amount I can finance?

    The minimum loan amount is $10,000. There is no maximum.

    Q: Do you have any marine lenders who deal with someone with sub-par credit?

    YES! Top Notch Marine has several marine lenders who deal with these types of loans.

    Q: Can I seek pre-approval without a specific sales contract signed?

    YES! In fact we encourage buyers to consider financing as part of their early due-diligence and affordability analysis to determine their comfort level in financing up front.

    Q: If I have a longer term loan, can I accelerate payments?

    YES! For example, if your payment is $300 monthly, and you paid an additional $200 a month, the additional $200 adds directly to principle reduction.

    Q: Can I refinance my existing boat loan?

    YES! For any customers with above market rates, we welcome a credit application to see if we can help lower your financing costs.

    Q: What is U.S. Coast Guard Documentation and will my boat need it?

    U.S. Coast Guard Documentation is a national form of registration with the United States Coast Guard in lieu of state title. Lenders have certain requirements based on amount financed, boating location, tonnage, etc. Typically, federally documented vessels still need a state registration sticker, but not the actual registration numbers that would be required on boats with a state title.

    Benefits of making a down payment

    Making the largest down payment your budget allows is the best way to go when purchasing a vehicle. Your credit may be so excellent that you are not required to make a down payment. However, there are a few benefits to making a down payment.

    What is a down payment?

    The initial payment made when you purchase a large ticket item based on credit.

    • Lower Monthly Payments
      Lower monthly payments are the primary reason for making a down payment when you purchase your vehicle. Despite the loan term you agree upon with your lender, the less you finance, the lower your monthly payment will be.
    • Build Equity
      In addition to lower payments, you can build equity in your new vehicle much faster when you finance with a down payment. The larger the down payment the better. Having equity built will benefit you, should you decide to trade in your vehicle during your loan term.
    • Minimize Depreciation
      Another factor to consider when making your down payment is depreciation. Having a low or no down payment immediately puts you upside down on your loan. Meaning the vehicle is worth less than the purchase price once you factor in your finance term, finance charges, TT&L (tax, title & license), etc. Although Hondas are well known for retaining their value, you also have to consider what may happen should your vehicle be stolen or involved in an accident early on in your loan term. Since your insurance company will typically pay what the vehicle is worth, you may be left with little to nothing after your loan agreement is satisfied. You may even owe and have to roll over the debt onto a new auto loan. This will pose a challenge when it comes to getting back into another vehicle.
    • Save Money
      Lastly, the more you put down the more you save. Not only do you minimize your monthly payments by making a down payment you also minimize the amount of interest you pay over the life of the loan which, when compounded can really add up. There is no such thing as a down payment that is too big. Your goal as a smart car buyer is to finance the least amount possible with the budget you have at your disposal.
    • I visited one of your competitors, and when we talked financing, they said they had to send the information out and wait for my approval. They also said I had to pay a bunch of fees to these people who were handling the financing…
      • Many dealers do not have an in-house finance department. They have to pay for an outside service, and pass that cost on to you. At Top Notch Marine, our in-house finance department is staffed with professionals who can handle every facet of your financing arrangements. Your approval can be given in a matter of minutes, and there are no hidden fees to be passed on to your purchase price.
    • What is the best loan interest rate I can expect?
      • Marine Loan Rates are determined by three factors; Your personal credit history; the amount financed; and the Current Prime Rate. (The amount banks are charging one another). As a high-volume dealership, our finance professionals have access to the widest variety of programs and lenders. Fill out our easy online credit application and have our finance professionals provide you with your best financing options.
    • Can I include the cost of an Extended Service Contract in the financing of my new boat?
      • Certainly. In fact the lenders like the fact that you are going the extra mile to protect your boat. At Top Notch Marine, we believe an extended warranty policy is an investment in your peace of mind. You can boat secure in the knowledge that you are protected against possible repair costs in the future.
    • What agencies do I have to stand in line at and how long will it take me to register my new boat?
      • No lines and no time! Top Notch Marine takes care of all title and registration work for your boat and trailer. We have people who stand in line for you! We also file warranty registrations for you as well.
    Credit Report Information

    Feel free to contact one of the three major credit reporting agencies to get your credit report, including your credit score, by phone or via their website. Once you have it we are happy to help you review it and explain the details to you.

    Need Help With Credit Repair?

    Try these 2 great resources and email our Finance Director Greg Silvers at gregs@topnotchmarine.com or call him at 772 237-3822…

    Wondering how much boats cost?

    Applying for a boat loan online through our website is quick, easy, and by far the fastest way to get on the water in the boat of your dreams. Simply select the option below, and you’ll be well on your way to unforgettable experiences aboard your new or pre-owned boat. Please note, all electronic submissions are at the risk of the sender. The person submitting the credit application must be the individual listed as the undersigned on the credit application to Top Notch Marine LLC.