If you’ve found your dream boat and are ready to make it yours, perhaps it’s time you need to start looking into boat financing options. Compared with auto loans, financing boats is a much bigger investment but doesn’t necessarily mean the process is more complicated. What type of boat loan you end up choosing is one of the biggest factors that will determine how much you end up paying to finance your boat. 

Why You Need a Boat Loan

With times progressing, the nature of boat loans has also been rapidly evolving. Financing a boat helps you acquire one that you may have thought wasn’t within your reach. With terms of more than 10 years available along with low interest rates, there’s never been a better time to start looking into what financing method would suit you best.

Popular Ways to Finance a Boat

The three most typical ways you would finance your boat are either through your boat dealer or arrange a loan from your bank or take out a loan with a lender who specializes in marine financing. 

Working with a boat dealer is usually a popular choice as dealers have a lot of experience and knowledge when it comes to arranging boat loans. They also want to make sure that the process is seamless so that you can acquire your boat without too much hassle or delays. 

The other option would be to take out of a personal loan from your bank. This may make the process a little more complicated with additional paperwork but remains a choice many potential boat owners prefer considering.

The third choice would be working with a lender who specializes in boat loans. These lenders help arrange deals with lower down payments and a quicker decision-making process and potentially lower monthly payments.

How Boat Loans Work

Once you apply for a loan amount through your preferred method, you wait to hear from your lender for your approval. If approved, your lender will offer you rates based on how strong your credit is. Depending on the loan amount and lender, you can apply for a term up to 20 years for a secured boat loan. Your boat loan lender will also expect a down payment that ranges between 10 to 20 percent, depending on the cost of the boat. 

To look at choices for offshore fishing boats and learn more about boat financing options, talk to our team of experts at South Florida Yachts. Through our experience and knowledge, we can help the process very simple and smooth for you!

Buying a boat is one of the biggest investments and commitments you will probably make in your life – it’s no surprise that such a decision needs a lot of thought and research before you finalize it. Having a trustworthy boat dealer by your side, however, can make the whole process a lot smoother and easier. 

Before you make your purchase, it’s essential to ask your boat dealer some important questions:

Why Should I Be Purchasing from You?

When going through various inventories and boat dealers, there is someone who will most likely stand out more than others. A boat dealer who can clearly convince you of their competence, experience, and knowledge is probably someone you should trust. 

What Warranty Does the Boat Come With?

One of the most important aspects that goes into the decision-making process is knowing If your potential boat will be covered under a manufacturer’s warranty. Your boat dealer should explain the details of the warranty plan and inform you about what components of your boat will be covered under it and what won’t. 

What Kind of Maintenance Does the Boat Require?

Knowing what level of maintenance your boat requires is an important aspect to consider when preparing to make your purchase. If you live in an area where your boat will require special winter storage, you need to ask about your options for that as well. Your maintenance requirements will also depend on where you plan to use your boat and how often. Knowing about these requirements will help determine what kind of maintenance costs you will be looking at.

What Kind of Services Do You Offer?

It is important to know what type of services are offered by your boat dealership and what are their timings and appointment requirements. Some boat dealers will even offer you same day services depending on what the issue is. Having a boat dealer that is accessible and can seamlessly fulfill all your service requirements is something you should look for when deciding whom to purchase your boat from. 

What Kind of Financing Options Are Available?

An experienced boat dealer will be able to help you understand what kind of finance options are available for you to make your purchase. Securing a boat loan requires some research and consulting and you would need to work with a lender specializing in marine financing. 

If you are looking for boats in Palm Beach, talk to us at South Florida Yachts and learn about the brands we represent and all the services we offer.

Are you stocking up your tackle box for your first angling adventure of the year or are you looking to change your go-to lures for the season ahead? Either way, there is no shortage of variety when it comes to fishing lures that exist in every color and size, meant to tackle any situation and condition on the water. 

With hundreds of choices available, it’s not easy picking what goes in your tackle box this season, but we’ll try helping with these tips on some of the favorites today:

Spinnerbaits

Effective under all kinds of conditions, spinnerbaits are a must have for any angler. They vibrate very fast when pulled through the water and fish pick up on them quickly with their lateral lines. They come in a wide range of sizes and colors, allowing you to target a wide range of species. They are also great search baits and can attract the attention of species such as Snook, Flounder, Speckled Trout, as well as Redfish among others. 

Spoon Lures

If you want to imitate a fleeing baitfish, a spoon lure is your best choice. Although it may not resemble something a fish would chase after, the wobble movement it creates under water when retrieved creates a flash that predatory fish immediately go after. These lures are available in extremely small sizes and can be upgraded to a size that’s reliable enough to catch a Giant Pike. 

Soft Plastic Swimbaits

Soft plastic swimbaits can be used in several ways depending on what you are trying to catch and what conditions you’re fishing in. It attracts species such as Snook and Redfish quite easily because of the life-like effect they create when gliding through the water. Another great advantage of using these lures is that they can be fished at almost any depth and usually a simple cast and retrieve approach is all you need to land a bite. 

Topwater Poppers 

The thrill of a topwater strike is almost incomparable for an avid angler waiting and watching for their lure to work its magic. Topwater poppers are plugs with a concave face that create a splash when pulled through the water. Several of them come equipped with rattles inside to create noise on the surface to draw in more fish. Available in several sizes and colors, these lures are a must-have if you are looking for some explosive strikes to take place near the surface of the water. 

Jitterbug

Another top water lure that you need in your tackle box if you’re an angler looking to make your catch more exciting. Coming in all colors and sizes, not much work is needed with the rod to make this lure work. An extremely easy to use bait, the jitterbug’s shape and the lip on the front require you just to reel it in for the top water strikes to begin. 

If you’re ready with your tackle box but still are looking at offshore fishing boats to find the perfect one to start your angling adventures with, come see us at South Florida Yachts!

Was spending more time on your boat one of your new year’s resolutions? When you are busy juggling work and family obligations, taking time out for yourself often becomes challenging. But with a little bit of effort and time management, you can pick out weekends or holidays in advance which you plan to spend on your boat – whether you choose to go fishing by yourself or take friends out for a perfect afternoon cruise. Spending time on your boat can leave you feeling refreshed and rejuvenated, physically and mentally. 

So, start picking out your boating days for the weeks ahead and go through our list of how to make the most of your time out on the water:

Looking to Relax and Unwind?

If you are feeling burned out because of work and home commitments, your boat can provide you with the perfect escape. Even if it’s just for a few hours on your day off, pack a cooler with some cold beverages, take a book, a pair of binoculars, and enjoy your day unwinding on your boat. Being out on the water, under the sun isn’t just a perfect setting for a relaxing day out but also good for your health. Switch off your calls and alerts, and just enjoy the nature around you!

Need An Adrenaline Rush?

If the thought of a lazy day on your boat isn’t getting you very excited, perhaps you need a thrilling adventure out on the water instead. Stock up your tackle box with some of your favorite lures and plan a fishing trip with a friend or just by yourself. You could try some new fishing techniques or just gear up for whatever you enjoy most. Landing a few great bites and the anticipation while you wait for a catch is sure to make the day a perfect end to a busy week!

How About Some Watersports?

When’s the last time you had your family out on the boat for some quality time together? Whether you want to share some laughter and fun with your kids or bring together some old buddies you haven’t met in a while – your boat can provide you with the perfect setting. Wake boarding, water skiing, and tubing are all fun water activities bound to keep you and your company entertained. 

Sunset With Your Partner

Plan a perfect dining experience with your loved one on your boat with a beautiful sunset on the water as your backdrop. How’s that for a date idea? Think beyond the ordinary dinner and movie dates, and make a classy and romantic evening for both of you by packing a delicious dinner (or checking out a dock-and-dine option) and watching the horizon together, taking in all that the nature around you has to offer at this time of the day.

If you are looking for boats in Palm Beach – whether your first one or to upgrade an existing one, come see us at South Florida Yachts and our experienced crew would be delighted to help you!