Calculate Car Loan with Trade in

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Professional Boat Loan Calculator

5 Years (60 months) 10 Years (120 months) 12 Years (144 months) 15 Years (180 months) 20 Years (240 months)

Your Estimated Loan Details

Monthly Payment: $0.00
Amount to Finance: $0.00
Total Sales Tax: $0.00
Total Interest Paid: $0.00
Total Cost of Loan: $0.00
function calculateBoatLoan() { var boatPrice = parseFloat(document.getElementById('boatPrice').value) || 0; var downPayment = parseFloat(document.getElementById('downPayment').value) || 0; var tradeIn = parseFloat(document.getElementById('tradeIn').value) || 0; var taxRate = parseFloat(document.getElementById('salesTax').value) || 0; var annualRate = parseFloat(document.getElementById('interestRate').value) || 0; var years = parseInt(document.getElementById('loanTerm').value) || 0; if (boatPrice <= 0) { alert("Please enter a valid boat price."); return; } var taxAmount = (boatPrice – tradeIn) * (taxRate / 100); var loanAmount = (boatPrice + taxAmount) – downPayment – tradeIn; if (loanAmount <= 0) { document.getElementById('boat-results').style.display = 'block'; document.getElementById('monthlyPayment').innerHTML = "$0.00"; document.getElementById('totalLoanAmount').innerHTML = "$0.00"; document.getElementById('taxAmount').innerHTML = "$" + taxAmount.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('totalInterest').innerHTML = "$0.00"; document.getElementById('totalCost').innerHTML = "$0.00"; return; } var monthlyRate = (annualRate / 100) / 12; var numberOfPayments = years * 12; var monthlyPayment = 0; if (monthlyRate === 0) { monthlyPayment = loanAmount / numberOfPayments; } else { monthlyPayment = loanAmount * (monthlyRate * Math.pow(1 + monthlyRate, numberOfPayments)) / (Math.pow(1 + monthlyRate, numberOfPayments) – 1); } var totalCost = monthlyPayment * numberOfPayments; var totalInterest = totalCost – loanAmount; document.getElementById('boat-results').style.display = 'block'; document.getElementById('monthlyPayment').innerHTML = "$" + monthlyPayment.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('totalLoanAmount').innerHTML = "$" + loanAmount.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('taxAmount').innerHTML = "$" + taxAmount.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('totalInterest').innerHTML = "$" + totalInterest.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('totalCost').innerHTML = "$" + (totalCost + downPayment + tradeIn).toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); }

How to Calculate Your Marine Financing

Purchasing a boat is a significant investment. Unlike car loans, boat loans often carry longer terms, sometimes extending up to 20 years for larger vessels. Our boat loan calculator helps you estimate your monthly obligations by factoring in marine-specific variables like trade-in equity and regional sales tax.

Key Factors in Boat Financing

  • Loan Terms: Marine lenders typically offer terms of 10 to 20 years for loans over $25,000, which helps keep monthly payments affordable for high-end yachts and cruisers.
  • Down Payment: Most marine lenders require 10% to 20% down. A larger down payment can often secure a lower interest rate.
  • Survey Fees: For used boats, lenders usually require a professional marine survey. While not part of the loan itself, factor this into your upfront costs.
  • Interest Rates: Rates vary based on the age of the boat, the loan amount, and your credit profile. New boats typically qualify for the lowest rates.

Example Calculation

If you purchase a new center console for $75,000 with a 15% down payment ($11,250) at an interest rate of 7% for 15 years, your estimated monthly payment would be approximately $573.01. Over the life of the loan, you would pay roughly $40,391 in interest.

Disclaimer: This calculator is for estimation purposes only. Actual rates and terms depend on lender approval, credit scores, and the specific vessel being financed.

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