Financing FAQ

Financing Info

Financing a boat is a large part of the buying process and River City Boat Sales & Marine Services can help! We have relationships with the largest national banks and local Oregon and Washington credit unions to help get you the best term and rates available.

Our knowledgeable staff is here to make the process of financing your boat as easy as possible. We have financing available for almost any boat - new or used! Come in and talk to us today or submit a secure online application to get approved!

We know you've probably got questions about boat loans, so please check out the FAQ below, if you still have questions please call us at (503) 797-2222 and we're happy to help!

FAQ

What rates and terms are available?

Rates are determined by your credit score and the boat being financed. Terms are offered up to 20 years on new boats and 15 on pre-owned.

How much down payment is required?

Customers with strong credit scores may be eligible for a zero down payment loan. Typically though, 10% is required.

How do I submit an application?

It's easy - just fill out our Secure Credit Application

Will I need insurance?

Yes, insurance is required for all financed boats. We'll provide you with all of the information needed to get the required insurance

What credit score is required?

While there is no one specific credit score required, those with 720 and higher will get the best offers. We have financing available for people with previous credit issues, please call us to find out what we can do for you.

How does the approval process work and how long does it take?

Once a credit application is submitted it will be reviewed and sent to the appropriate lender. Generally speaking, we have approvals within an hour or two during normal business hours.

Can I finance a used boat?

Absolutely! We have financing available for boats up to 25 years old.

Are there any application fees or closing costs?

There are no fees for applying or closing costs.