Loan types vary. And so does your preferences. Know which one meets both halfway be it a fixed rate loan, a variable rate loan, or a loan that allows for balloon payment at the end of the loan term. Evaluating your payment capacity based on your current and future financial situation is a good starting point for your loan journey.
Not all boat loans are created equal and the carrying lender that provides them might surprise you with the flexibility of their offers. Take time to shop around and get information on these lenders, not just of their offers but also of their reputation as a provider of the loan in question.