How long can you finance a boat?

How-To's and Tips | 02/17/22
Children walking on dock

Whether you’re in Nashville looking for your first pontoon to take out on Percy Priest Lake or you’re in Tullahoma ready to hit Tim’s Ford Lake in a new bass boat, you may be wondering how long of a term can you get when you finance a boat?

One of the biggest hurdles for potential boat-buyers is to secure a loan that meets your terms. At Ascend, we offer loan terms up to 144 months (12 years), but much depends on the buyer and the boat in question—are you buying new or used? What is the total loan amount? How's your credit history look? What kind of monthly payment are you most comfortable with?

Need a shorter term loan? Ascend can handle that as well. We’re here to get you behind the wheel and on the water as soon as you are ready.

Check out our loan calculator to get an idea of what a boat loan from Ascend might look like. From the loan amount, term and interest rate, the tool gives you an excellent idea of what kind of numbers will be available when you sit down to get pre-approved for that loan—a process that will make it easier to shop for a boat if qualifiers like limited loan-to-value or a maximum loan amount exist.

Fortunately, with Ascend, you have an ally in your pursuit of boat ownership. The process is fast and made simple by applying online or visiting any of our 27 Middle Tennessee branches; funds can be available as soon as the day you apply! We’ve also got some great ideas for where you can take that new boat in a recent blog highlighting some great lakes close to Nashville, Murfreesboro and Franklin.

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