Boat financing

Estimate your boat payment

Run a financing scenario before you apply. Adjust the boat price, down payment, estimated interest rate and loan term to see how the numbers change.

Boat price / loan amount

Down payment

Trade-in value

Optional. The agreed value of a boat you trade in.

Estimated sales tax

Optional. Varies by county.

Estimated interest rate

Example rate. Change it to compare scenarios.

Loan term

Estimated monthly payment: $531.76
Estimated amount financed: $54,000
Estimated total interest: $41,717
Estimated total cost: $95,717

Apply for Boat Financing

Calculator results are estimates for informational purposes only and do not constitute a financing offer, approval or commitment. Actual terms, rates, payments, requirements and program availability may vary. The Apply button opens the application of Vantage Recreational Finance; Florida Boating Info may be compensated when you apply.

Show yearly amortization

Year	Principal paid	Interest paid	Balance at year end
1	$1,863	$4,519	$52,137
2	$2,027	$4,354	$50,110
3	$2,206	$4,175	$47,904
4	$2,401	$3,980	$45,502
5	$2,614	$3,767	$42,889
6	$2,845	$3,536	$40,044
7	$3,096	$3,285	$36,948
8	$3,370	$3,011	$33,578
9	$3,668	$2,713	$29,910
10	$3,992	$2,389	$25,918
11	$4,345	$2,036	$21,574
12	$4,729	$1,652	$16,845
13	$5,147	$1,234	$11,698
14	$5,602	$779	$6,097
15	$6,097	$284	$0

How to use the calculator

Enter the numbers for a boat you are considering, then change one input at a time to see what moves the result. Comparing two or three scenarios side by side, such as a larger down payment or a shorter term, is more useful than any single estimate.

What each input means

Boat price / loan amount: the purchase price of the boat, or the amount you want to borrow.
Down payment: cash you pay up front. It reduces the amount financed.
Trade-in value: credit for a boat you are trading in, if any. It also reduces the amount financed.
Estimated sales tax: a tax percentage applied to the boat price and added to the amount financed. Leave it at zero if you plan to pay tax separately at closing. Florida sales tax plus any county surtax can apply to boat purchases, so check the rate that applies to you.
Estimated interest rate: a rate you want to test. It is an assumption for comparison, not a quote.
Loan term: how many months you would take to repay.

How to read the results

Estimated amount financed is the price plus any sales tax you entered, minus your down payment and trade-in.
Estimated monthly payment is the principal and interest payment for that amount, rate and term.
Estimated total interest is the interest paid over the full term if every payment is made on schedule.
Estimated total cost is the amount financed plus total interest: everything you would repay on the loan. It does not include your down payment or trade-in.

A lower payment is not always the better deal. Lengthening the term usually lowers the payment and raises total interest, so look at both numbers before deciding.

Why estimates differ from real offers

The calculator uses only the numbers you enter. A lender's actual terms depend on its own review, which typically includes your credit, income and existing debts, the boat's age, type and value, and whether it is a dealer or private-party purchase. Fees, insurance requirements and program availability also vary.

The calculator also does not include ownership costs such as storage, insurance, maintenance and registration. Before you commit, read Boat Ownership Cost and Boat Financing to understand the full picture.

Boat loan calculator questions

Is the calculator result a loan offer?

No. Results are estimates for informational purposes only. They are not an offer, approval or commitment, and actual terms come from a lender after it reviews your application.

What interest rate should I enter?

Enter a rate you want to test, not a rate you expect to receive. Running a few different rates shows how sensitive the payment and total interest are to that input.

Why does a longer term show more total interest?

Interest is charged on the remaining balance each month. Spreading repayment over more months keeps a balance outstanding longer, so total interest rises even though each payment is smaller.

Should I include sales tax in the calculation?

Only if you plan to finance it. Entering a tax percentage adds it to the amount financed; leaving it at zero assumes you pay tax separately, which means more cash at closing.

Ready to buy a boat?

Research the purchase and estimate the numbers here. When you're ready, continue to the official boat financing application through Vantage Recreational Finance.

Start Financing Application

You'll leave Florida Boating Info. Applications are reviewed by Vantage Recreational Finance, and Florida Boating Info may be compensated when you apply.