financing your investment

Baja Marine Cabo - Yacht Sales & Service Presentation By Niccole Lee

Most banks require 10 to 15 percent down on

a boat purchase, and interest rates on

personal loans vary depending on your credit

history. So shop around and see what kind

of rate is best for your budget.

This is a great option for home owners

because you can deduct the interest you

pay on a home equity loan from your

federal taxes in the United States. This

will only work if you have a lot of equity.

If not then this may not be the best option

for you.

Many yacht buyers prefer to pay with cash up

front. There’s no hassle with paperwork and

no worries about your credit history.

Although yacht brokers still require a 10 to 15

percent down payment when utilizing their

services, just like buying a house.

This option is good for buyers

wanting to establish good credit, or

work on improving their credit scores.

But the interest rates maybe high. So

when dealing with any kind of credit

then shop around for the best rate.

Whether it’s a boat broker or dealer,

don’t be afraid to ask about financing

options. Most of them are

thoroughly experienced at setting up

financing, especially if you have

good credit. Plus, the broker/dealer

does all the work for you.

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office@bajamarinecabo.com