Munson Ski & Marine Finance Department
Welcome to Munson Ski & Marine Finance Department, where securing easy and affordable
marine financing is our specialty.
For over six decades, Munson Ski & Marine has been synonymous with delivering high-quality
and cost-effective marine solutions. As enthusiasts of water sports ourselves, there's nothing
more fulfilling than sharing the excitement with our clients through our exceptional product
offerings. We genuinely value the opportunity to assist you in crafting a finance plan that not
only fits your budget but also gets you on the water swiftly.
It's a common practice for clients to finance their new watercraft, with 70% of boat buyers opting
for a loan. The process of securing financing for your boat is likely more straightforward than
you might think. With a modest down payment and an approved credit profile, we can have you
out on the water within a matter of days.
At Munson Ski & Marine, customer care and extended protection have been our top priorities for
over 65 years. We are dedicated to making your ownership experience as pleasurable and
worry-free as possible. Our commitment is evident in offering the boating industry's best
products and extended care programs, ensuring that your time on the water is an absolute joy. We
want you to enjoy your boat with confidence, free from concerns about potential issues or
unexpected repair costs in the future.
Ensure your boating experience remains worry-free, and don't let an expiration date limit your
peace of mind! Our extended coverage plans are designed to provide the lowest cost of
ownership, safeguard your investment, and elevate the value of your new boat. Once your
limited manufacturer warranty concludes, our extended coverage plan seamlessly steps in to
keep you protected.
Moreover, the flexibility of our coverage options stands out. Most plans can be transferred to
future owners for a nominal $50.00 transfer fee or easily canceled for a pro-rated refund.
Now, why consider purchasing an extended warranty at this moment?
Lock in Today's Pricing
By securing an extended warranty now, you lock in today's pricing, shielding yourself from
potential increases in parts and labor costs down the road.
Significant Savings
Opting for an extended warranty at the time of delivery translates to more than a 35% savings
compared to equivalent used boat coverage.
Seamless Financing Integration
You have the option to include the cost of the warranty package in your financing, eliminating
the need for additional upfront expenses. This allows for a more streamlined and convenient
financing process.
FREQUENTLY ASKED QUESTIONS
Why should we finance with your company?
Having successfully financed boats exceeding $100M, our expertise extends to navigating the
complexities of recreational marine lenders. We take care of every aspect for you, presenting the
finest programs available in the market. As your boat purchase is from us, you take precedence,
and it is our utmost priority to swiftly secure your approval with the most favorable rates and
terms.
Skip the hassle of comparing multiple lenders and divulging your financial details to various
banks. We streamline the entire process on your behalf. Upon approval, we present you with
multiple options to choose from. Additionally, we go the extra mile by offering an insurance
quote and engaging in discussions about extended warranty products. You have the convenience
of including these in your financing through our company.
What do I need to apply for credit, and how long before I know if I am approved?
When applying for loans less than $100,000, a simple credit application will be filled out, and
lenders will use your stated income at face value. Often times lenders will request a verification
of income prior to giving a final approval.
Loan amounts over $100,000 or loans for self-employed individuals will usually require more
documentation for approval, i.e., tax returns, proof of liquidity, personal financial statements, etc.
Underwriters will need time to process your information and based on previous experience,
should be able to make a decision within 24 hours after all requested documentation has been
received. The entire process should only take between 48-72 hours, depending on the
complexity of the loan.
What credit score do I need for a boat loan?
While the best interest rates and loan terms are available to individuals with a 750 credit score
and higher, we also offer programs from lenders who cater to subpar credit, as low as 550.
How long can I finance for?
Depending on what and how much you are financing, you could obtain a loan for as short as 5
years, all the way up to 240 months, or 20 years.
Typically, the higher the dollar amount, the longer the term is available.
My credit union offers boat loans, and I'm already pre-approved. Why should I finance with you?
The banks we work with specialize in marine lending and oftentimes offer better rates for longer
terms.
Credit unions generally don’t wire final payments, which could delay the delivery of your new
boat.
Can you provide me with a financing quote?
There are a lot of factors that determine the terms of a final approval. However, we will be happy
to provide you with an overall explanation of what our terms look like.
Recreational lenders will typically lend up to 80% of your purchase price, meaning you will need
at least 20% cash down.
With a thorough review of your financing package, we will be able to provide you with your
final approval terms.
Interested in financing your boat purchase?
Click the link below to submit your application.