How many years is the average boat loan?
Average Length of Boat Loans. While you can technically obtain a boat loan anywhere from 12 months to 20+ years depending on the lender...the average boat loan is between 2-15 years . Boat loans, unlike home loans, are typically going to be less than $100,000 which means the payoff period will be shorter than say a 30 year mortgage. However, you can still get a great rate below 4% with great credit and can hit the water sooner than you thought possible!
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