Boat Loans
Sailing serenely, fishing for food or fun, casually cruising, or perhaps with power, you choose with confidence when you have an LGFCU Boat Loan.
LGFCU offers financing for new and used powerboats and sailboats. Personal watercraft, such as jet skis or windsurfers, cannot be financed. Insurance must be maintained on the boat; contact us for a quote.
Fixed and variable rate boat loans give you flexibility:
- Fixed rate financing available for loans less than $50,000 with a term up to 72 months
- Variable rate financing available for loans greater than $50,000 or financed from 73 to 120 months
New boat loans highlights:
- Financing up to 90 percent of the MSRP (manufacturer’s suggested retail price) or sales price whichever is lower
- Current year or last year’s model qualifies as a new boat
- 120 month (10 years) maximum term for variable rate loans
- Refinancing available for boats currently financed elsewhere
Used boat loans highlights:
- Financing up to 90 percent of the purchase price or NADA Marine Appraisal Guide value, whichever is lower
- Terms up to 60 months available for 2003 to current year models
- Terms up to 48 months available for models prior to 2003
- Log in to MemberConnect
- Contact the Call Center at 888.732.8562
- Visit your local branch
