The majority of people who live aboard do so on boats between 26 and 45-feet in length. Peoples Bank offers a variety of boat loans and commercial maritime financing options. Customers can get a houseboat loan anywhere from $5 thousand to $100 thousand. At a minimum, you’ll need to know roughly how much you want to borrow, the type of boat you plan to buy and whether you want to buy new or used. 49%* with AutoPay & Excellent Credit Minimum credit score: None, but good credit recommended Loan terms (range): 24 to 144 months* Get a Quote Why We Chose It For. *Estimated APR, or Annual Percentage Rate, is the annual cost of the loan, which includes other charges and fees. Those in search of a sailboat for living aboard will find the Jeanneau Sun Odyssey 349 of interest, as this boat can be bought new in the neighborhood of $200K or used in the $150,000 to $200,000 range. " According to state tax records, there are about 18,000 registered boats in. The designer of the Flicka, Bruce Bingham, lived aboard with his then companion, naval architect Katy Burke for many years. 99% for both new and used purchases, and 3. David 06-17-2017, 11:05 AM #12: TDunn. The following did approve a boat mortgage for us: Sun Trust approved us for $600,000; 20 years (240 months); 5. Amenities: Some liveaboard boats come equipped with luxurious amenities like air conditioning systems or advanced navigation equipment. This is the length of the loan and the time period you have to pay off the loan. The main motivations that lead people to live aboard a boat in London are affordability, the alternative lifestyle, and the sense of being closer to nature. And when you mention live aboard there a whole different set of rules and risk associated with that. This includes 100 new vessels and 143 used boats, available from both individual owners selling their own boats and experienced boat dealers who can often offer various boat warranty packages along with boat loans and financing options. Tugboats and Trawlers: These boats are the most space-efficient and offer more living space for size. If you're in need of commercial maritime lending services or dreaming of water skiing, sailing, or fishing, we’ll help make it a reality. Home; Boats For Sale. As long as the boat or RV is security for the loan used to buy it, you can deduct mortgage. Slip fee – $800-900 per month; Live aboard fees – $75 per month ($50 for 1 person, $25 for each after)So, I'm about to move to the US (Seattle, WA), and I would love to buy a sailboat to use as a liveaboard (and sail it of course). However, the main way that you save money on a boat loan is with a lower interest rate. At My Financing USA, we offer boat loans for both good and bad credit. 00 for utilities, while another one charges $275. . And for those looking to run a canal boat business, a new boat could get some cash flowing in. When you move from a 2,000-square foot house to a 40-foot boat, all the closets are smaller, the cupboards are fewer and there’s. Cruisers & Sailing Forums > Life Aboard a Boat > Liveaboard's Forum: I am being told that Liveaboard Boats loans are now impossibleHomeowners who have equity in their home may be able to use a VA cash-out refinance loan to purchase a boat or RV. Find 516 boats for sale in Sacramento, including boat prices, photos, and more. When you move from a 2,000-square foot house to a 40-foot boat, all the closets are smaller, the cupboards are fewer and there’s no two-car garage. A guide to live-aboard boating and expanding options while Contracting Space. They spend about $6,000 a month, paying around $540 for. If you are interested in financing a boat. Perhaps you love the idea of living aboard your sailboat, sailing up and down the coast in your free time, and the simplistic life boating offers. . The most popular types of boats for sale in South Carolina at present are Pontoon, Center Console, Bowrider, Bass and other boats, while the most common boat. The Westsail 32, is one of the most iconic bluewater sailboats. You will be asked to provide: Personal and employment information for you and your co-applicant. Loan applications are processed within 24 hours and funding generally takes three to five business days. A new liveaboard boat costs around $300,000 to the millions. If you work from your boat, you can take a home office deduction although that may raise a flag. The minute you say liveaboard your banker is done talking to you. Some liveaboards offer extra experiences like. Calculate. The Loan payment protection program (LPP) provides financial assistance during times of hardship. For sale by owner, boat dealers and manufacturers - find your boat at Boat Trader!. The most popular boat types for sale in Colorado currently are Ski and. Our vast knowledge of boat loan financing and RV lending allows us to match you with the best boat loan or RV loan option for your unique situation. The company offers same-day approval and potential same-day funding, and satisfied customers who left reviews on. Some winters the back bay marinas freeze. With the changes resulting from tax reform. You have a few loan options, including traditional bank loans, credit unions, online lenders, and marine loan specialists. " Even if 10% space can be attributed to one's profession, this can be applied to costs such as slip fees, liveaboard fees, pump-out, hull maintenance, registration, and insurance. The layout of the Catalina 30 also featured a dinette, which serves as an excellent chart table or workspace as well. Boat loans through Bank of the West and its lending division, Essex Credit, are a good option for people planning to get a boat loan of $50,000 or above. Search for boats and yachts for sale from the U. However, if he were to have a boat loan payment, it would be much closer to the cost of rent. Largest originator of boat and yacht loans in the US. Our full-service marina in Tavernier is aptly named. You’ll need IRS Form 1098 to deduct the interest and also any points paid to secure. Term APR* as low as. Princess Yachts provide exceptional motor yachts designed to deliver unforgettable experiences for all on board. 24% Apply Now *Estimated APR, or Annual Percentage Rate, is the annual cost of the loan, which includes other charges and fees. Information about the boat you are buying or refinancing. On a $100,000 boat, the lease payment might be $1,000, so you put down $2,000 instead of $20,000 at the start. This boat loan term is determined by a number of factors including the borrower’s credit score, the age of the boat, and the cost of the. Find your boat at Boat Trader!But being a liveaboard on a large boat is more complicated in a marina than at anchor. June 15, 2022. Typically, boat loan terms range from 10 to 20 years. Local fuel costs, the amount you. Many types of boats for sale could be classed as a. 89%, a $15,000 boat loan would start at 8. Most people will start with a loan to purchase their liveaboard boat – these may include a traditional bank loan, credit union, marine loan specialist or online lender. Whether you're looking for a new boat insurance policy or just to save money, we can help you get started with a free boat insurance quote. With a Seacoast Boat & Yacht Loan, you can access financing fast and enjoy the benefits of competitive boat loan rates in Florida. Boat Loans: Best Ways To Finance A Boat. To qualify for the bank’s best rate, you’ll need to finance a new boat with. 2015 Custom Canadian S&E 188' Superyacht - Asking $4,999,000. Solar panels, wind generator, kayaks and the telltale brown smudge of an ICW moustache. What makes a good liveaboard boat? This article isn’t about the merits of sailboats vs. Nestled in the middle of hearty mangroves, Mangrove Marina is sheltered by the hurricane hole effect, shielding your liveaboards in the Florida Keys from storms, high winds, and surges. These liveaboard boats are the most popular options today. Whether you’re financing a $25,000 Tracker bass boat or. The average monthly loan payment for a used liveaboard boat is $500-$4,000. Interest rates from 5. Cruisers & Sailing Forums > Life Aboard a Boat > Boat Ownership & Making a Living: Financing a boat for liveaboardForm 1098 documents the interest paid on the boat loan during the year. $30,000 minimum amount financed for over 84 months. A boat is considered a second home for federal tax purposes if it has a head (bathroom) a bed (sleeping berth) and a galley (kitchen). Find boats for sale near you by owner, including boat prices, photos, and more. Boats in Key West. toilet facilities. 29% to 9. Timeline. This 188-foot Custom Canadian S&E super yacht is the ultimate liveaboard yacht with 34 staterooms and room for 22 crew+. Find new and used boats for sale in South Carolina by owner, including boat prices, photos, and more. 29% to 9. 780 Liveaboard Boats For Sale in Australia. 7 best liveaboard boats. Financing for a houseboat is generally trickier. Our loan application will take 5-10 minutes to complete. 39%, and a $50,000 loan starts at 4. Our first priority is to make sure that you receive answers to. From sailboats to ski-dos to fishing boats. Form 1098 states the amount of mortgage interest you paid for the year on Line 1. The. Along with dry storage, we offer the. For example, I have a boat loan with Transportation Federal Credit Union, who it looks like has rates as low as 2. The most popular kinds of boats for sale in Louisiana today are Bass, Pontoon, Bay, Center Console and other boats, while the most common boat brands. The most popular types of boats for sale in New. Music Feb 5, 2016 A playlist of the best songs for sailing, according to sailors. "Liveaboard" has become a swear word for the boating community, because of homeless crackheads living in a floating wreck with no sails, engines or working toilets, and living aboard until they finally sink. 24 hours a day, 7 days a week. 22K subscribers in the liveaboard community. Yes. Whether you're a new or experienced boater, our Boat Loan Calculator is just one of the many resources we have to help you discover just how affordable boating can be—and to help you find and buy a boat that fits your budget, your lifestyle and your dreams. A boat loan is an installment product that is utilized to purchase a new or used boat of some kind, or refinance a loan on an existing boat. Loans over $2 million are available. 2. This flexibility means you can pay off your boat as quickly as five years or take up to 20 years to repay your loan. Site Security Provided By. Originally Posted by TacomaSailor Why is it so important for all the forum participants to: - answer questions that were not asked - address "issues" they think important but have noFinancing. Southeast Financial offers some of the best boat loan rates and extended terms in the industry, no matter your credit score or the cost of the boat. "Liveaboard" has become a swear word for the boating community, because of homeless crackheads living in a floating wreck with no sails, engines or working toilets, and living aboard until they finally sink. Timber motor sailer, live aboard, heaps of room, 5LW dielsel engine, two cabins, two heads,. Traditional. For a Caribbean marina liveaboard, expect to pay around $150 a month. Given the inevitable compromises, my short list of ideal liveaboard trawlers would now include: Northern Marine 64. 305-899-2201. This article will shed some light on the tools we created to find the right boat, how we bought our boat with Bitcoin, while also securing a loan. This includes 109 new vessels and 20 used boats, available from both individual owners selling their own boats and professional dealers who can often offer various boat warranty packages along with boat loans and financing options. They can be seen as the penthouse of liveaboard boats and offer above-water living spaces. Longer excursions usually include time at more secluded locations such as hidden bays and deserted islands that aren’t frequented by other boats. By Zuzana Prochazka. Yacht loan APRs* as low as 8. Powerboats are more common than sailboats in Georgia with 2,921 powerboats listed for sale, versus 50. . . Liveaboard sailboats loans permits you to live out your dream out living aboard. Speed boats; Boats with wood hulls; Liveaboard boat loans; Used boats; Many lenders won’t give you loans if your boat is 10 years old or older when you purchase it. nice feeling! I am being told that Liveaboard Boats loans are now impossible - Page 3 - Cruisers & Sailing Forums PortalYACHT LOANS UP. Skip to content Cabo Local Phone No. Promarine has financed many liveaboard and leisure canal boats so whether you’re looking to finance a narrowboat, widebeam or barge, we can assist you. 5 X 40. )Whether planning your first liveaboard dive trip or you’re a seasoned pro, you should check out our liveaboard packing list to make sure you don’t forget anything. Interest rate may change for the August timeframe to close. The loan attracts a. You’ll need IRS Form 1098 to deduct the interest and also any points paid to secure a loan. This boat loan calculator will help you determine the monthly payments on your boat loan. With these rental services, you’ll be able to spend between one night and several months on a boat. 1984 Fortier 26. Boats, Yachts and Parts Duncan More info. There are currently 2,198 boats for sale in Maryland listed on Boat Trader. This includes. Once you’ve qualified, use funds how you like, whether you’re planning to buy a new or used watercraft, fix up a. When looking to finance a boat purchase, it's important to understand the ins and outs of boat loans and using a boat loan calculator—and how to get a loan. A sample itinerary for a four-day-three-night liveaboard boat trip from Labuan Bajo to Komodo National Park might include: Day 1. More and more people are exploring alternative lifestyle choices, as seen in the Van Life phenomena in camper vans under 20 feet long, as well as boats of all shapes, sizes, and types. $59,900. Written by: Heather Francis on August 4, 2021. For example, a powerboat or cruising sailboat, houseboats, or barges, even narrow boats. How much you can borrow for boat financing generally depends on the price of your boat and is typically between 90% and 100% of the boat’s cost. Liveaboard boat loan vs regular boat loan: Youll require some ways of collecting post, while significantly can be carried out with mobile phone handsets and an Net connection there its still times when you might want something delivered. You have a decent cruising boat right now, just go and enjoy it, keep your cash. They can be seen as the penthouse of liveaboard boats and offer above-water living spaces. Insider’s Rating 4. Had to basically rebuild interior on the last 3, hence the low cost. $30k both times. Sample Liveaboard Budget. In this article, we'll go over the basics of budgeting and what to consider when planning your finances as a liveaboard. Sailboaters who live aboard pay around $1,000-$2,500 per month. Assuming that you have a high credit score, and get a 6. Get the best experience on the water on a Sailo boat rental or yacht charter in Alton, IL! Whether you are looking for a sailboat, motor boat or catamaran rental, choose our boat rentals and yacht charters in Alton, IL to enjoy a day or a week-long sailing vacation. For example, if your home is worth $300,000 and you owe $200,000 on your. 4. Boat loans are the same as car loans, except that they usually require a bigger down payment. Loan amounts available: $10,000 and up for new and used boats, $25,000 and up for live-aboard boats. Typically, narrow boat finance is available for up to 80% of the cost of a new narrowboat and 75% of the cost of a used narrow boat. powerboats or monohulls vs. "A+" rated by the BBB. Long Island, New York. catamarans. The Westsail 32, is one of the most iconic bluewater sailboats. Renowned sites including Raja Ampat and Komodo in Indonesia, Fuvahmulah in the Maldives, and the isolated outposts of Socorro in Mexico. Denison, TX 75020 | Grandpappy Point MarinaEvery boat is different and living on a boat can be an extremely economical way to live in an expensive city. Where: r = Interest rate/1200. In 3 years, I hope to buy or finance a boat and live on it. S. If you’re buying a new, modest-sized boat from a dealer, then your regular bank (Revolut or N26) may be the best choice for your boat loan. Boat loans up to 10 million. If you own or rent now, they may not lend to you based on the calculation that you cannot afford rent or mortgage plus a boat payment. Fact checked. Yes. Be aware of the old wisdom along the lines of: "there's no such thing as a cheap boat, you always pay at some point!"Essentials: Stowage, Comfort & Connectivity. For sale by owner, boat dealers and manufacturers - find your boat at Boat Trader!. Complete our boat loan application online and get a free quote today!Hello! I'd like to add to this thread as we ended up finding a solution and we're in a similar situation to the original poster (good credit but own no property and have no history of property-sized4. Fast, no-hassle loan processing. Several lenders told us to make sure not to mention if you plan to live aboard, and they make sure they do not ask. Timber motor sailer, live aboard, heaps of room, 5LW dielsel engine, two cabins, two heads,. Going into bankruptcy and not being able to pay off my student loans because of all of the above problems; Getting raped, stabbed or abducted as I walk the dog. Most lenders allow a maximum deductible of 2% of the insured value. Type. Photo credit: Sailboatdata. Best Liveaboard Boats Under 100K. 24% Apply Now *Estimated APR, or Annual Percentage Rate, is the annual cost of the loan, which includes other charges and fees. View Images. She is also equipped with a Lehman engine that has 1,970 hours. Pick a weekly, bi-weekly or monthly payment plan. $30,000 minimum amount financed for over 84 months. The ONE piece of advice you should follow when buying a boat to liveaboard is TO DO YOUR RESEARCH. More and more people are exploring alternative lifestyle choices, as seen in the Van Life phenomena in camper vans under 20 feet long, as well as boats of all shapes, sizes, and types. 2. Together, they earn about $6,800 a month from a pension, Social Security and side jobs. , and narrow down your choices. [ad_1] How to Register a Boat in Kansas Boating is a popular recreational activity in Kansas, with its numerous lakes and waterways. The length of most Belize liveaboard dive trips are 8 days / 7. The company offers same-day approval and potential same-day funding, and. Re: I am being told that Liveaboard Boats loans are now impossible Quote: Originally Posted by Capt Phil View Post This entire scam is going to come to a shuddering halt at some point and those who hold gold or tradeable hard assets like food, ammo and firearms will be the only ones able to sustain life. They all include A/C. A. Visit and research potential marinas paying attention to services available year round. They provide boat loans and refinancing, investment, banking services, small business loans, and retirement services. 2. Loan amounts available: $10,000 and up for new and used boats, $25,000 and up for live-aboard boats. 15 Share this: 2. . Yacht loans for credit-challenged and other situations provided by Private Yacht Finance. Welcome to A-12 Bonefish Marina Slip at 97 Coco Plum Drive! This live-aboard slip is 15. Harry Weidman. Sell My Boat My Searches My WatchList SignIn. Liveaboard vessels are becoming a real trend worldwide with many customers taking advantage of the affordability, the lifestyle and the freedom they offer. . As well as the insurance and documentation steps. The ship is a gorgeous liveaboard Yacht, built to. Make a Checklist for Living Aboard a Boat. A handy alternative to reap success when getting boat loans for old boats is to purchase a pre-owned boat from boat loan brokers and lenders. Most banks require 10 to 15 percent down on a boat purchase. We’re not talking about the many liveaboard dive boats that cruise the Raja Ampat archipelago: We want to introduce you to local community based tourism operators who provide affordable Raja Ampat marine. Beam: 15’4”. $450 - boat payment $55 - bottom cleaning $70 - phone $400 - student loans $322 - car payment $150 - car insurance (two cars) $120 - gas for car $500-1300 - boat. $6k for my first, $9k for my second (islander 30), $10k for a Morgan 35, $27k for a Westsail 42. Change how much you pay 4, how often, or even what days you make a payment. You still have your retirement accounts and your boat . This is a more direct route for receiving a loan. They made it their full time home and cruised extensively. Liveaboard before or after is not an issue. A marine or boat loan is a type of financing that’s used to purchase almost any seafaring vessel. Liveaboard status is never discussed in my experience. Unfortunately we cannot offer finance for residential, liveaboard or narrow boats. But, it's important to weigh the pros and cons to see if a loan is the right option for you. 5 foot beam and 18 feet bridge clearance. Because a liveaboard boat represents a dwelling and a pleasure craft, you’ll need a boat insurance policy that can do double duty. com offers a wide variety of vessels in Australia, from modern purpose built dive boats to sleek, fast catamarans. The price of the boat: The size of the loan requested follows the price. In spite of this, the upfront payment for a houseboat is likely to be less than the upfront payment for a floating home. Higher-end boat loans from $25,000 to $50,000,000. Marine & RV Finance. There are currently 79 boats for sale in Daytona Beach listed on Boat Trader. Whether you’re financing a $25,000 Tracker bass boat or. [ad_1] How to Register a Boat in Kansas Boating is a popular recreational activity in Kansas, with its numerous lakes and waterways. Boat must be insurable, and insured during loan period. Price: £182,950. 25 percent. Offering the best selection of boats to choose from. There are a number of specialist suppliers of finance for the marine market. My financial target is to save 50 k to either pay cash or put a reasonable Liveaboard primer, financing a boat, boat year and make advice etc. As far as houseboats go, you will need to consider some additional costs, such as moorage payments, mechanical upkeep, gasoline expenses, and even sewage pumping. Watch out for: Credit score requirements. 1. Make a down payment that fits your budget . Anchored Pacific Seacraft Flicka. The most popular types of boats for sale in New Orleans right. Whether you're a new or experienced boater, our Boat Loan Calculator is just one of the many resources we have to help you discover just how affordable boating can be—and to help you find and buy a boat that fits your budget, your lifestyle and your dreams. Visit greenlinehybridusa. Terms up to 180 Months** Generous advances and back-end product allowance. Toggle navigation. 12 5. They both loan at 80% of NADA or surveyor value, whichever is lower. Boats in California. Houseboats: Commonly seen on lakes and rivers, Houseboats can compare these boats to RVs. United Yacht broker: Daniel Voorhees, (206) 407-6411. 20% on boat loans over $500,000. Boat Loan Interest Rates. Traditional. Credit history and the ability to repay the loan are the important things in getting a loan. A boat loan from a specialty lender, private lender, or big bank allows you to make this large purchase, often by transferring the money directly to the dealer, although some lenders do offer direct. 28 votes, 22 comments. Constructed with a forward-thinking mentality and crafted with meticulous attention to detail, Princess offers an extensive range of yachts ranging from 35-95 feet. Loans up to $5 million. Find your boat at Boat Trader!Find 3,755 boats for sale in New York, including boat prices, photos, and more. and electricity, and several of our boats feature free internet, but. For sale by owner, boat dealers and manufacturers - find your boat at Boat Trader!. But, it's important to weigh the pros and cons to see if a loan is the right option for you. Even more if one figures the area against total "living space. LightStream issues boat loans from $5,000 up to $100,000 for qualified borrowers. 2. Jimmy Cornell and his family first set off from. com is a lending platform that works with 20 banks to offer boat loans as large as $30,000,000. Or if you are looking for a new boat insurance policy or just to save money on an existing policy, we can help you get started with a free boat insurance quote. However, subprime boat loans are available. This includes 4,011 new vessels and 1,656 used boats, available from both private sellers and experienced dealers who can often offer vessel warranties and boat financing information. TO $10,000,000. Several lenders told us to make sure not to mention if you plan to live aboard, and they make sure they do not ask. S. Year round liveaboard or 9 months. This includes 2,583 new vessels and 2,007 used boats, available from both individual owners selling their own boats and experienced dealers who can often offer various boat warranty packages along with boat loans and financing options. Larger boat loans can pose a problem in Chapter 13. Liveaboard sailboats loans allow you to live out your dream of living aboard. However, the main way that you save money on a boat loan is with a lower interest rate. $127,500. This yacht can safely and comfortably transport, 70+ luxury passengers worldwide or cruise by. Built in British Hong Kong in 1967 of teak and gumwood, the "Master Cyrus" is excellent for cruising or merely living. Most houseboat loans come with fixed rates, meaning the monthly payments will remain the same throughout the duration of the life of the loan. My monthly living expenses are as follows: $725 - 40’ slip, all utilities, not liveaboard (I sneakaboard) ~$128 - boat insurance, but I only pay this 7 months for a full year of coverage. There are presently 644 boats for sale in Naples listed on Boat Trader. Complete our quick online form. Utah residents can choose between one of two liability coverage options. This includes 313 new vessels and 331 used boats, available from both individual owners selling their own boats and professional boat dealers who can often offer various boat warranty packages along with boat loans and financing options. It's rich in biodiversity, a great place for fishing, a haven for birding and a. If you’re thinking about owning a boat, here are 5 creative financing options. 29% to 9. Financing; United Headquarters 110 SW Atlanta Avenue, Stuart, Florida 34994 v: 772. Grand Banks 64. Designed for individuals to purchase expensive, high-quality crafts. 1. Watch out for: Credit score requirements. If you’re looking to take out a used boat loan, PenFed could be a solid option. . Generally, boat loans. This includes 5 new watercraft and 49 used boats, available from both individual owners selling their own boats and experienced boat dealers who can often offer various boat warranty packages along with boat loans and financing options. SunTrust Bank. The most popular types of boats for sale in Virginia at present are Center Console, Pontoon, Bass, Bowrider and Cruisers boats, while the most common boat brands available are Ranger, Tracker, Sea Ray, Sun Tracker and Yamaha Boats. To qualify, you must become a. 09/mo. Only a small percentage of boat owners choose to make their boat a full-time home. Choose from flexible amortization terms - up to 240 months on newer vessels - and a fixed or variable rate to suit your personal needs. Rate is good for 45 days. They may have yellow, red and blue jerry cans, a wind generator or solar panels. Often No deposit required. You know that old saying that a bank will lend you money if you prove you don't need it. No payment for up to 60 days. Most lenders can only offer certain minimum amounts for given loan terms. Bank of the West. you’re not going to need anything more than a 3-mil for liveaboard diving because most boats operate in the tropics. For example, for cruising purposes, Trawlers make great liveaboard boats because they are capable of making long passages with their large fuel and water tanks. Find new and used boats for sale in Virginia by owner, including boat prices, photos, and more. To make this deduction, you’ll first receive a Form 1098 from your loan company or mortgage company by January 31 each year. Boats, Yachts and Parts Ladysmith More info. On a $100,000 boat, the lease payment might be $1,000, so you put down $2,000 instead of $20,000 at the start. In this episode I interview a solo sailor Tomas Fehrling, who has been sailing solo for years in the Mediterranean and is currently crossing the Pacific. Provides minimum monthly [credit card] payments in case of involuntary job loss, disability or loss of life. Financing should be available but getting pre approved will give you facts not dreams. Research boating websites, brokerage services, go to boat shows, etc. Convenient & secured application & pre-approval process. The most popular kinds of boats for sale in. If you move from a 2,000. We work with the top boat loan and RV lenders nationwide to find you the loan that. Ask for financing through TD Auto Finance when you're ready to purchase. I want a loan for 1000 but I have a poor credit rating, I came across Vanquis loans, Borrow 1000 and pay it back at 99 a month, The. Trident Funding. How much does fuel cost for a liveaboard boat? Benefits of RecFi’s Boat Loan Program: Financing for boats up to 30 years old. We will be financing the purchase, and some have suggested that the insurance company will speak. Only a small percentage of boat owners choose to make their boat a full-time home. There is definitely no written path for buying a liveaboard boat. Interest rates on personal loans vary, so get quotes from several banks and lenders.