Buyer Advantage

Personalized approach that works for you. We will be able to get you a low rate on a new or used purchase due to our wide range of bank loan programs. We start off by learning more on where you are at in the buying process and allowing you to speak with us to have a better understanding on how we can help. Think of this as the boat loan consulting stage in the process.

Once we have a game plan in place we will move forward to lock in the approval. There will be lots of communication and we will always be available to reach should you have any concerns. Most deals will be able to get a decision same day or next day depending on the complexity of the transaction. We have access to sold boats, JD Power Nada guide, and the Bucvalue guide to give you an idea of what trade in vs retail values look like for your purchase. Keep in mind that this does not tell you what its worth just how banks value them. Every boat has a story and is fully customizable which can change the price. 

Our team will now review the file to make sure everything aligns up to the bank criteria such as credit scores, debt to income ratios, payment to income ratios, and get a decision from our lenders. Depending on how are initial conversation went most clients choose to have multiple offers to compare which one fits there needs. It doesn't stop here should we have a decline we will always get on a call with the underwriter to see if they missed something or if we can overturn the decision. You would be surprised what picking up the phone does and our connected relationship with lenders does. We can also add back credit reporting items that the business pays for if we provide proof with statements.

The offers have been presented based on the boat that was submitted to the bank and credit profile. If you stay in similar price points and age of vessel the bank will have no issues swapping out the collateral. If there is significant change then expect some of the terms to change such as interest rate or loan term. A complimentary insurance quote will be presented to you which makes things simple as our insurance team shops the market similar to how we do. On top this we select the right coverage as required by the lender and that fits within your needs or budget.

Closing the deal is made easy. We protect you in regards to running a lien search, making a payoff if applicable, holding deposits safely in escrow, transferring ownership via title/registration or US Coast Guard documentation. Our team works with the selling party to gather the necessary items needed to close. Most deals can close within 5 business days and we can accommodate a rush transactions as best as possible.