Call Us : 207-994-5109
Mon – Fri: 8 am to 9 pm & Sat – Sun: 10 am to 8 pm
Call Us : 207-994-5109
Mon – Fri: 8 am to 9 pm & Sat – Sun: 10 am to 8 pm
Most marine lenders won’t touch a boat older than 10 or 15 years. We will. Float Finance offers older vessel financing on boats from 15 to 50 years old—because a great boat doesn’t stop being a great boat just because it has some age on it.
Not every great boat is brand new. Some of the best-built hulls on the water came out of yards 20, 30, even 40 years ago—boats that have been maintained, loved, and run hard for decades and still have plenty of life left in them. The classic motor yachts, the trawlers, the offshore sportfishers, the well-kept cruisers. They’re out there, they’re for sale, and most lenders won’t finance them.
We will. Float Finance has built an older vessel financing program with no maximum age limit on the boat itself. If the vessel is between 15 and 50 years old, in good running condition, and passes a survey, we have a program for it. Banks shy away from older boats because they’re hard to value and harder to repossess. But not us—we’ve built relationships with lenders who understand the older marine market and price the risk fairly.
Older vessel loans come with a maximum 10-year term and rates starting at 8.99%. Every loan requires a marine survey from a NAMS or SAMS certified surveyor, which is honestly more important on an older boat than a newer one—it confirms the hull, mechanicals, and overall condition match the price. We’ll walk you through scheduling and what to expect.
207-994-5109
Easily calculate your monthly older vessel loan payments with our user-friendly finance calculator. Simply enter your loan amount, cash down payment, interest rate, and loan term to get an instant estimate of your monthly payments. Older boats often come at a price point that makes them surprisingly affordable on a 10-year term—the calculator shows you exactly what to expect.
Our staff understands older marine vessels and will walk you through what’s required, what to expect from the survey, and what rates look like for the boat you’re considering.
Fill out an application at the bottom of this page to start the process. Once we have processed your information, we can get you a quote in a 12-24 hour window depending on business hours.
Buying an older boat is one of the smartest moves a buyer can make—but financing it has historically been a nightmare. With Float Finance, that part is finally easy.
No Age Limit on the Vessel
Most lenders cap loans at boats 10 or 15 years old. We don’t. Anything from 15 to 50 years old qualifies for our older vessel program—as long as the boat is in good running condition and passes survey, we have a structure for it.
We Know Older Boats
Survey requirements, valuation challenges, common issues with older hulls and engines, what’s worth fixing and what’s not—we’ve seen it. When you call Float Finance about a 25-year-old motor yacht, you’re talking to someone who actually knows the boat.
Based in Alton Bay, Lending Nationwide
We’re a New Hampshire marine lender by location, but our older vessel program serves buyers in all 50 states. From coastal trawlers to inland lake cruisers, wherever the boat is, we can finance it.
207-994-5109
Get started by applying online below. We’ll review your information and follow up with the rate structure and term that fits the vessel you’re buying. By then, we’ll have the best information possible to help you finance the older boat you actually want.
Tell us a little bit about yourself and the boat you are looking to finance.
