What are current boat loan rates?

Answer by  mrm11 (19)

Asking about a new boat loan is almost the same as asking about car loan rates. A boat is usually purchased personally, so the type of rate is determined by your down payment, credit history, and the payback period. Most consumers will probably fall into the five to eight percent range.

Answer by  jf2737 (6)

Usually, the higher the cost of the boat, the cheaper the loan rate. Boat loan rates can begin from around 5.99% for a really expensive boat and go up to 10 % or higher for a really cheap boat.

Answer by  jwhyte24 (29)

Your boat loan rate will vary and depends on your credit score. A high credit score will result in a lower loan rate, which can be as low as 4.99%

Answer by  astrojazz (367)

This depends on your current credit score. If you have perfect credit you can get rates of around 5% but with bad credit you may pay 15%.