A good boat engine is definitely not cheap and an expensive engine can even cost more than a used sailboat. There is no doubt that the boat engine is a big part of the experience of sailing. It is therefore perfectly normal to choose to replace or upgrade the boat’s current engine. It’s just not a cheap investment and it may require a loan.
When you need to make a boat engine loan, it is important to look into all options. Many boat buyers have had negative experiences and difficulties at the bank, but fortunately good alternatives have come online.
You can apply up to USD 400,000 according to your needs. You can see your options online here and apply for free for everyone:
- It is free and no obligation to apply
- We recommend you search 2-3 places
Looking for a loan for a new / used boat engine?
Few people have enough money in the account to finance a car purchase, whether for boats or cars. It is a major investment that will often require financial assistance.
The positive thing about borrowing money for a new / used boat engine online is that it is easy, fast and completely free to apply. You will quickly be able to clarify your options and insight into what interest rates and openings you can obtain from various loan companies.
It will give you a strong starting point when talking to your own bank. It is always easier to talk and negotiate with them when you already know what alternatives you have on hand.
Many boat buyers have experienced stringent demands and negative responses from the country’s banks, so you should not have too high expectations. Conversely, it is on the web where you do not need security behind and where approval is far easier to obtain.
Used boat engines are a good choice
Everyone likes to buy new. Things that have not been worn or used by others, but are now significantly more expensive. Especially when they come to outboard motors. Since many have it as a hobby, one can question whether the engine should be new.
Because when you buy a used boat engine, you can save up to 40-50% without having to compromise on the quality or strength of the engine. It’s just about finding the right seller and model. You can expect prices of 10,000 – 150,000 USD if you are looking for used outboard motors on a user site like Good Finance.
The choice is yours and our primary purpose is to inform you about the financing options. But we hope you take into account your personal finances in the process and here second-hand purchases are often a better choice, purely economical.