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ABLBOATS.COM RECOMMENDS KEYBANK FOR BOAT FINANCING!
Why? Because of their flexible payment options specifically for the boater. They offer; an Annual plan, for the boater with an annual holiday bonus, a Bi-Weekly plan, for the boater who wants it taken right from their paycheck, and in our opinion, the most useful is the Seasonal Plan, which allows you to skip 3 consecutive payments - perfect for the boating season so you can divert those funds to expenses on the water (such as gas, barbeque's and dock fees!).
Aside from that, it is important you choose a lender who specializes in Boat Financing. When buying a used boat, lenders need to understand related laws, such as mechanic's liens and possessory interest. Without this expertise, you could end up having to pay for retroactive yard fees and mechanics charges. Keybank is a specialized boat lender with these qualifications!
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