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Boating may be more affordable than you think. Depending on a few variables such as price, length of the financing (term) and your interest rate, you can buy a brand new boat for as low as $250 a month. And, interest on a boat loan may also be deductible if the boat has a galley, berth and head.
We understand that not everyone needs to finance their boat; however, capital retention and investment strategies are reasons many chose to finance over paying case or securing a second mortgage.
Contact our finance manager to discuss your options.