Yacht Financing Made Easy!
Financing a boat or a yacht in Miami can be a little challenging. Fortunately, there are plenty of resources available when you know where to look. Florida Yachts International has helped many of our clients obtain loans for their purchases through a well-vetted network of companies that specialize in boat and yacht financing in Miami.
In general, boats and yachts are considered pleasure craft unless they are used for business in which case they will require commercial insurance, so getting the right coverage is important. For example, obtaining a loan for a motorboat is different from obtaining one for a sailboat. Zero into the type of boat that you want to buy and then contact us so we can best guide you.
Some tips to get you started:
- Boat or yacht financing is harder to get than your typical vehicle financing.
- Companies that specialize in this type of financing will be able to give you available options so you don’t end up being denied.
- The loans come in all shapes and sizes. A lot depends on the boat and your creditworthiness.
- Boat and yacht loans are specifically designed for this type of asset and include special coverages and provisions.
The market for specialty lending and pleasure purchases is not as big as other segments, but there are still plenty of companies that will allow you to invest your money in a boat or yacht in Miami when you want to.
Give us a call and the FYI team will be happy to guide you. Speak to one of our Financing Experts at 954-361-6022.
Please complete the form below and a FYI Finance Specialist will contact you to answer all of your boat loan questions.
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