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Financing
Why Finance With Us?
At Action Water Sports, we know that financing a boat shouldn’t feel overwhelming. Our team walks you through each step, explains your options, and makes sure you feel confident in your decision from start to finish. Whether you’re upgrading, refinancing, or buying your first boat, we’re here to help you move forward with clarity and ease.
What you can expect from AWS financing:
- Competitive Marine Rates: We partner with trusted marine lenders to secure strong, boat-specific financing options for our customers.
- Flexible Terms: Loan terms are available up to 240 months, helping you keep monthly payments comfortable and predictable.
- Fast & Simple Process: Our online credit application only takes a few minutes – getting started is quick and hassle-free.
- Low Down Payments: Qualified buyers can take advantage of low- or no-money-down options, keeping more cash in your pocket.
- Marine Financing Experts: Our financing team knows the boating world inside and out, with decades of combined experience helping families get on the water.
- All-In-One Convenience: From the boat itself to protective coverages and warranty options, we can package everything together for a seamless purchase.
- Refinancing Support: If you’re looking to adjust your current loan, we can explore refinancing options to help lower your payment, your rate, or both.
Please see your Action Water Sports Business Office Manager for custom-tailored options.
Frequently Asked Questions
What are the benefits of financing with Action Water Sports?
We provide competitive marine rates, flexible loan options, and hands-on support from our in-house business office to keep the process simple and stress-free. With access to a strong network of trusted marine lenders, we help you find the financing option that fits your needs and gets you on the water with confidence.
How do I finance a boat?
After you’ve chosen the perfect boat, take a moment to consider a monthly payment that fits your budget—including factors like insurance and ongoing maintenance. When you’re ready, you can start the financing process online or stop by any Action Water Sports location to apply in person.
Why would I finance vs. pay cash?
Financing allows you to spread out your payments, keep cash on hand for unexpected expenses, and maintain or build a strong credit history—all while making larger purchases more manageable. It also lets you keep your money working for you in other areas, like retirement accounts or high-yield savings options. When you pay cash, you give up the opportunity to earn returns on those funds. So if your potential earnings are higher than the interest you’d pay on a loan, financing can be a smart financial choice.
What factors influence my financing rate and down payment?
Lenders generally review your credit score, the amount you’re financing, your desired loan terms, and your debt-to-income ratio.
What is the average term for a boat loan?
Most boat loans fall within a 15- to 20-year term, though the exact length depends on the lender, loan amount, and overall financing structure.
How do multiple credit inquiries affect my credit score?
When you shop around for a loan—like a mortgage, auto loan, or boat loan—credit bureaus and FICO recognize that multiple inquiries are part of the comparison process. Because of this, several inquiries for the same type of loan made within a short window are grouped and counted as a single hard inquiry. Older FICO models allow about two weeks for this, while the newest versions extend that window up to 45 days.
Credit cards work differently—each application typically results in its own hard inquiry, even if they’re submitted close together.
In short, FICO scoring is designed to support rate shopping by treating clustered loan inquiries as one, as long as they occur within the allowed timeframe.
How do credit pulls affect my credit score?
A hard credit inquiry may lower your score by up to 10 points, but for most people the impact is usually much smaller. According to FICO, a single inquiry typically reduces a score by fewer than five points.
