Boat Loans in California

Boat loans are widely available in California. You just have to choose the best option for your needs!

Find the Right Boat

Before you do anything, you have to find a great boat! Perhaps you can find a boat at an amazing local boat show! Shows like the Sacramento Boat Show and the Newport Beach International Boat Show always have some of the best dealerships in the state with incredible boats to choose from. You can always expect to find a great boat to buy from any of the boat shows in California.

If you can’t make it to a boat show, the best place to find your perfect boat is at your local boat dealership. At dealerships, you can speak with a professional who can help you find exactly the kind of boat that you’re looking for. Some will even offer financing options at the dealership. 

More options to find your perfect boat if you don’t have a dealership nearby include Boat Trader or BoatUS. Either of those will have thousands of listings from all over the country, making it easy for you to find the perfect boat at an affordable price. Additionally, BoatUS has various financing options for you once you find the vessel you’re looking for. 

Figure Out Your Budget

After you’ve found the boat that’s calling your name, it’s best to find a boat loan calculator. A loan calculator allows you to plug in different values and determine the best terms for your budget. Once you’ve determined your desired terms, you can compare different quotes from lenders once you apply. 

Find the Right Financing Partner

Now you’ve found the boat you want; it’s time to find financing. Boat loans are widely available in California. You can always check to see if your local credit union has any options. These could include credit unions such as Sacramento Credit Union and California Coast Credit Union, among others. Unfortunately for most credit unions, boat loans aren’t always their specialty, even if they offer them. They likely don’t have a dedicated recreational loan expert that knows all of the ins and outs, and you could end up with less favorable rates and terms. Several national banks have recreational loan programs that you can utilize to get a boat loan, as well. These include LightStream (a division of Truist), Bank of the West, US Bank, Aqua Finance, and Medallion Bank. 

While most of these national banks can provide you with decent terms, taking the time to apply to each one can seem like an unnecessary hassle. If you know your credit isn’t the best, you also want to make sure you’re only applying to lenders that can specialize in subprime lending. Some of these national banks and credit unions have higher thresholds for credit scores that they accept, so you might have a hard time finding a boat loan if you have bad credit. First Approval Source works with several different lenders and credit unions, and we have access to and knowledge of all of their various programs. We evaluate your credit profile and match you with the best lenders that best fit your credit profile. We even work with several subprime lenders, so we can help you find a boat loan with bad credit. 

Finding a boat loan in California is made simple when you work with First Approval Source. All you have to do is fill out our easy-to-use, secure credit application online, and we’ll do the rest. First Approval Source will thoroughly review your application and get back to you as soon as possible. We even offer same-day approvals for those with qualified credit.

Our specialists are experts in their field, and they can help you make the best decision for you and your boat. They are passionate about not only boating, but about helping you and getting you out on the water so you can have fun. When you’re ready, please feel free to visit our website at www.firstapprovalsource.com and fill out our credit application! Check out our blog to read more for other tips and tricks for boat loans.