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Best Boat Loan Companies

First Commercial Corp. of America
400 W. Capitol Ave Little Rock, AR 72201
800-553-4778
http://www.boatfinance.com
Services Offered: Boat Loan, RV Loan
Company Overview: First Commercial was founded in 1966 to provide financing for boats and RV’s. They work with consumers as well as large investment groups and corporations. They help from the start, with finding the perfect boat or RV, and then move on to loan origination and closing.
Our Review: First Commercial is a great place to get a boat loan. They offer many options and tons of information. Their web design is well executed, and customer service is readily available.
User Review: When I decided to buy a boat, I didn’t know where to turn. I searched online and found First Commercial Corporation, and they gave me a great loan offer with great customer service. I’ll definitely recommend them to my new boater friends!
Chesapeake Financial
612 Third St. Annapolis, MD 21403
877-787-6764
http://www.chesapeakefinancial.com
Services Offered: Boat Loan
Company Overview: Chesapeake Financial was established in 1990. They are headquartered in Maryland, on the Chesapeake Bay. They service loans from $7,000 to $2,500,000 for new and used boats. They also offer services for special projects.
Our Review: For boat loans of every size, Chesapeake Financial seems like a good place to go. They seem very focused on customer service. However, they could provide more concrete information about their history and track record.
User Review: A friend referred me to Chesapeake Financial, and I must say I wasn’t disappointed. They offered me great service and awesome loan options. They even helped me find the boat of my dreams.
Bank of America Vehicle Loans
100 N. Tryon St. Charlotte, NC 28255
888-293-0264
http://www.bankofamerica.com/vehicle_and_personal_loans
Services Offered: Boat Loan, RV Loan, Auto Loan, Personal Loan, Aircraft Loan
Company Overview: The first appearance of Bank of America’s predecessors was in 1874, when the Massachusetts Bank opened. They were the first bank to offer credit card services, in 1958. Through the years they acquired many other companies to become the financial giant they are today.
Our Review: Getting a loan from Bank of America is obviously a good thing. They’re one of the biggest financial services companies in the world, and they’ve got the credentials and the background to serve customers. Our only question: are they TOO big to give individual service?
User Review: I’ve always banked with Bank of America, so when I decided to buy a boat, I called them first. They got me approved for a loan, and I had the money I needed in about a week. Their customer service is very friendly and helpful.
EBoatLoans.Com
757 SE 17th St. Suite 349 Fort Lauderdale, FL 33316
877-435-3633
http://www.eboatloans.com
Services Offered: Boat Loan
Company Overview: eBoatLoan was founded to provide boaters with 24/7 boat financing options. By operating online, they offer better rates and lower fees than most companies. Their applications are brief and their response time is quick.
Our Review: Ok, so they offer boat loans. We get that. Their website seems a little overkill on the sales end of things. Every page you click on has a huge “apply now” link. But, they do boast some good rates, and their customer service department seems like it’s a good one.
User Review: I went to eBoatLoans to see if they had any good deals for me. Sure enough, they approved me for a loan, and the rate was about 1% lower than the offer I got from the bank. Their customer service is great, too!
Other Top Companies for Boat Loan :
Essex Credit

Address : 401 Lennon Lane Suite 250 Walnut Creek, CA 94598

Phone : 866-377-3948

http://www.essexcredit.com

BoatLoan.com

Address : 1990 Augusta Street Suite 1000 Greenville, SC 29605

Phone : 877-472-2628

http://www.boatloan.com

KeyBank

Address : 127 Public Square Cleveland, OH 44114

Phone : 888-539-1234

http://www.key.com

Marine Source

Address : Jacksonville, FL

Phone : Online Only

http://www.marinesource.com

How To Select The Best Company For Boat Loan

Finding the right boat loan is just as important as finding the right boat. You need to research the companies and see what they have to offer you. Many of the top banks and lenders offer boat loans, but you might get better, more personalized service from a smaller independent company. It will all depend on the companies you research and the ones that will approve you for a boat loan. Most importantly, you need to make sure that the company is a legitimate company and that they offer customer service that is at least good, if not excellent. If a boat loan company doesn’t offer what you need, or if their customer service seems bad, you might just want to pick another company. Also, if anything about the company doesn’t seem right, you need to move on. Many people are capitalizing on the anonymity of the internet and attempting to rip off innocent consumers, so you need to be careful. Beyond that, choosing a boat loan company will come down to your personal preferences. You need to ensure, as with any major purchase, that the boat loan is affordable for you. If you can afford to purchase a boat, but can only afford a certain amount of money every month as a payment, you need to be sure to emphasize that to the companies you apply with. However, if money is not an issue, then you can go with whichever loan you want. As long as the interest rate is one that you deserve, and the finance charges are reasonable, the choice will ultimately be up to you. As with all loans, as long as you do the research and know what you’re getting into, getting a boat loan can be a simple process.

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