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Boat Buyer's Guide

Marine Finance Companies

So, you've found the boat of your dreams! Now, you probably need to get it financed. Financing a boat is different from financing a house or even a car. Boats are usually more expensive than cars, but have almost the same mobility. Lenders unfamiliar with financing boats often are reluctant to get involved. Certain types of boats, such as wood boats, houseboats, or boats older than 15 years can also have their own challenges when it comes to financing.

Another thing to think about when you purchase a boat is the possibility that your boat payments may be tax deductible. The boat typically needs to have a head, a galley and a sleeping berth to be considered a "second home". You do not need to be a permanent liveaboard, but you would need to spend at least 14 nights a year on board your boat. Check with your tax professional to see if you qualify for this tax break.

Marine Finance Companies Directory

Name Address Phone Description

Essex Credit Jim Pena
12677 Alcosta Blvd
Suite 400
San Ramon, CA 94583
866.377.3948, x8433195 Website
Seacoast Marine Finance Sally Kraft 866.456.9653 Website
SeaDream, Inc. 866.460.0170 Website
Sterling Associates San Francisco
Bill Kinstler
4207 Coyote Circle
Clayton, CA 94517
925.672.3993 Website
Sterling Associates Max Salvater
5319 Bee Jay Court
Fair Oaks, CA 95628
888.898.2476 Website