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Yacht Financing and Boat Loans

Galati Yacht Sales provides yacht financing and closing services for over 550 transactions annually, and all are unique to the buyers, sellers and yachts purchased. Regardless of transaction type, your Galati specialist is an expert on our new brand offerings, pre-owned or brokerage. Our team will ensure the closing is performed with the highest level of integrity and we pledge make your purchase experience the best in the industry.

The business office team provides a complete array of product offerings designed to provide you the benefits of our 50 plus years in the industry reducing your cost of ownership where possible. These services include Insurance, Documentation, Extended Service Coverage, and very competitive Financing products. Your vessel purchase may be complex and have many individual requirements for your purchase.

The business office team will work with our other businesses and departments to assist you with navigating your way to delivery as a direct point of contact for our Sales, Customer Support, Brand Partners, and Accounting teams allowing you to rely on their skills to assist you toward a timely closing, and many memories aboard your newly purchased yacht. Our team is well versed with closing via express mail, at your purchase location, home, office, etc.

We will do everything possible to make this a great experience without compromising your busy schedule.

Why consider financing a yacht through Galati Yacht Sales?

  • We understand the marketplace and the subtle differences with marine lending
  • Established partnerships with the largest marine lenders in the industry
  • Aggressive rates and terms available
  • Fast, smooth approvals within 24-48 hours**
  • No loan origination, closing fees, application fees or points**
  • All loans are simple interest with no prepayment penalties
  • Convenient one stop shopping – we offer financing insurance, extended warranty, USCG documentation, state titling and registration.

How to Start the Boat Loan Process

Start collecting all the relevant information.

Boat loans are similar to car loans and mortgages. You have to shop around for a financial institution the is offering the best loan terms. All major banks provide loans for boats and most will require the buyer to provide certain information to validate their financial stability.

This includes:

  • Personal tax return for the past 2 years
  • Proof of assets including all liquid assets
  • Credit score which will be run by the lender
  • Income statements including statements for self-employed applicants=

Before boat financing can begin, the lender will discuss the loan-to-value guideline that is based on book value for used boats and the contract price for new boats.

Keep in mind that the requirements for boat loans are more stringent than vehicle loans. Consider getting pre-approved for a boat loan before you even start shopping for a boat.

How to Calculate the Value of Your Boat

If you are pre-approved for a boat loan, you can shop for a new or used boat that fits your budget.

These are the steps you should take to calculate the price of boats you want to buy:

  1. Check the Boat Trader Price Checker – Use the Boat checker tool to estimate the “blue book” value of the boat you are considering. That should give you a benchmark to use in all your boat shopping and research.
  2. Understand the market – Get to know the market searching for yachts for sale. Search by model, brand, size, and condition. The best way to determine market value is to get to know the market.
  3. Consider Condition – Condition is a three-factored approach: you must consider the mechanical, cosmetic and electronic condition.
  4. Boat Surveyors – If you found a boat you like, consider contracting the services of a boat surveyor. For larger yachts or even new yachts for sale, you want to consider the services of a yacht surveyor to ensure that the correct value is represented for tax purposes.

Boat Loan Rates

Standard boat loan interest rates are currently around 4% to 7%. Boat loan interest rates are determined mainly by your credit rating, along with the loan term. Generally, the longer the repayment term is, the higher the rate can be. That being said, the more you borrow, the lower your interest rate may be as well since you’ll have more to repay.

Boat loan calculator

Use our Boat Loan Calculator to calculate your payments over the life of your loan. Enter your information to see how much your payments could be.

Loan Amount

Select Term (years)

Interest Rate

Estimated Monthly Payments
Estimated Total Payment

Contact us Today

Bree Spears

Orange Beach, AL


Dana Galvao

Tampa, FL


Drew Hill

Destin, FL


Dylan Plymale

Tampa, FL


Julie Ann Galati

Anna Maria, FL


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