Finance Department

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Welcome to Our Financing Department

Welcome to NORTH COUNTRY MARINE's Finance Department, your boat loan and lease resource. We're eager to provide financing for your new boat, or we can assist in used boat financing. Check out our online boat loan calculator for an instant boat loan rate. Then proceed to our online finance application.

NORTH COUNTRY MARINE has strong relationships, and is committed to finding you the perfect boat loan company to suit your family's finance needs.

Low interest boat loans are available for customers with existing loans. We can help you refinance your boat loan or adjust the term of the contract. You're just a step away from approved boat financing!

Finance FAQ

Q. What's the difference between the dealership financing me and my own bank?

A. At North Country Marine, we work with different banks who offer different specials at different times of the year. We monitor these deals closely and pass them on to you. We also do millions of dollars in business with these lenders and can often offer a more competitive rate.

Q. What is your best financing rate?

A. Rates are changing all the time and we always try to get you the best rate because we want to gain your business.

Q. I currently have a line of credit (LOC) with my bank at a lower rate than you offer, can I use that to purchase my boat?

A. Quick answer, Yes! Its your money, you can do anything you want with it. The long answer, Banks encourage LOC's because they know that 93% of people will never pay them off completely. "Stats Canada." Banks also generate more interest revenues on a L.O.C. than a fixed boat loan even though rates appear to be more appealing. In the majority of cases, the amount of interest paid will more than double that of a fixed loan. L.O.C.'s are revolving credit, like a credit card and have some limiting effects on your credit score if balances become to high and may make it difficult to qualify for other financing. Fixed loans only use the boat as security as opposed to your home or other assets you may have when using a L.O.C..

Q. Is it better to use my cash in my bank account or finance the boat through a bank?

You can usually make more interest money in your savings or investments then what you would pay out in interest on a boat loan. Also, If you currently hold a mortgage with a lender, you will save thousands of dollars in interest by putting that cash towards paying down your mortgage.

All types of credit, from good to bad, may qualify for an boat loan. No credit, no problem! We will work with you to secure a no credit boat loan if your situation demands it. North Country Marine has strong relationships and is committed to finding you the perfect boat loan company to suit your boat finance needs.