Purchasing new Merc ProXS 4-Stroke and financing

[michael2277nh]

I am not sure if this is where I should be asking, but I know a lot of people who have re-powered there boats with a new Merc 4-stroke. Has anyone financed just the motor? If so, what avenue did you take for financing and what rates should I be looking at? My local CU's only offer financing on a boat, not just a motor. I am looking at suggestions so I can secure my financing IF/WHEN my new Merc PROXS 225 4S comes in! Thanks in advanced...

Michael

[OldTimer57]

You can probably finance the whole boat, for the price of the motor. Will give the CU lots of financial security in terms of value vs amount owed.

[jprovencher80]

I spoke to USAA. They will finance motor only in NH as boats don't require titles. They also advised I can use the equity from one of my paid off cars or trucks to finance the motor at rate around 4%

[davidwademarine]

https://www.mercurymarine.com/en/us/repower-financing

[jprovencher80]

https://www.mercurymarine.com/en/us/repower-financing

Less than stellar rates with Merc. Their best rate is 8.99% right now I think. Pretty high for OEM financing

[hickend69]

Yes USAA is awsome that is who I used and got a half a point off for auto pay

[michael2277nh]

Thanks Everyone! I will check out USAA. I was hoping Merc would do there 5.99% like they did a little while back, but doesn't look like they need too. Thanks again!

[Sandman123]

If you finance with Merc, you may get priority on motor, just a thought.

[Five-alive]

Talk to your dealer about financing.

[EuropeanAM]

https://www.mercurymarine.com/en/us/repower-financing

+1... and in addition to "engine only" financing, you can also finance rigging, Platinum Product Protection, and labor (obviously with approved credit).

Every once in a while they offer a promotional rate for repowering purposes.

[Gsmith223]

Less than stellar rates with Merc. Their best rate is 8.99% right now I think. Pretty high for OEM financing

Hell I have credit cards with better rates.