Things to know about boat financing pre-approval

Applying for pre-approval can put you one step ahead while you’re shopping for your next boat. Here are a few things to know before you get started.

Save time

Apply online. If approved, you’ll get a pre-approval letter you can present to any participating dealer, streamlining your financing so you can hit the water sooner.

Quick application and response

Our easy online application takes just a few minutes to complete, and you’ll typically get an answer within about an hour.

New or used

You can use your U.S. Bank boat financing for a new or used boat purchased at a participating dealership.

Flexible financing

Your pre-approved financing amount is good for 60 days. You can negotiate your final purchase price and rate at the dealership.

What could your payment be?

Use this calculator to estimate what your monthly payment might look like.1

Keep in mind that the rate you qualify for depends on many factors, including your credit score, the term of the loan and the age of the boat you’re buying. You’ll negotiate your final rate with the dealer when you finalize your purchase.

Search participating dealerships.

When dealerships participate in the U.S. Bank boat financing program, they can accept your pre-approval letter to streamline your financing. View our locator to find a dealership near you.

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  1. This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect actual U.S. Bank product terms. The information does not constitute an application for credit and cannot be used by U.S. Bank to determine a customer’s eligibility for a specific product or service.

  2. Dealer purchase loan payment example: for a $75,000 amount financed on a 1-year-old or newer boat over a 240-month term at an annual percentage rate (APR) of 10.24%, monthly payments would be $735.73.

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Offers are subject to credit qualifications including potential down payment requirements and maximum loan-to-value percentage. Rates are subject to change. Some additional restrictions may apply. Installment loans are offered through U.S. Bank National Association.

U.S. Bank assists its customers with boat financing by working with dealerships across the nation. The U.S. Bank boat financing pre-approval is only valid at a dealership with which U.S. Bank works. U.S. Bank is not affiliated with these dealerships and U.S. Bank makes no representations or warranties regarding the dealerships, their boats, related products or services. All boat and related product information included on this site is provided by the dealer. The dealership is solely responsible for the content and representations about the boats and related products, including pricing, its services, and promotional statements about itself or its boats and related products. U.S. Bank does not endorse third-party products, services or other boat content. Any questions about the boat, boat pricing and related products or financing structure should be directed to the dealership. The dealership will work with you to finalize the boat financing terms.

The dealership may request your permission to obtain information from one or more credit reporting agencies. The dealership will ask to see your photo identification (driver’s license) and/or other identifying documents. U.S. Bank reserves the right to withdraw an approval if your identity cannot be verified or if there have been changes in your credit status as of the date of sale.