Financing Your Yacht Purchase: What You Need to Know

March 5, 2025

Purchasing a yacht is an exciting venture, and understanding the available financing options can make the process smoother. At Brewer Yacht Sales, we are committed to helping you navigate the yacht-buying journey with confidence. That’s why we’ve formed a strategic partnership with Newcoast Financial Services, a leader in marine financing. Together, we provide professional expertise and tailored solutions to get you into the right boat with terms that suit your financial needs.

Why Choose Brewer Yacht Sales and Newcoast Financial Services?

Brewer Yacht Sales and Newcoast bring decades of combined experience in yacht sales and financing. We understand that purchasing a boat is not just a transaction—it’s an investment in a lifestyle. With our expertise in yacht brokerage and Newcoast’s specialized financing solutions, we work hand-in-hand to provide seamless and personalized service tailored to your boating goals.

👉Quick Approvals: Streamlined processes allow for loan approvals within a few days, with funds typically available 4-5 business days after approval.

👉Competitive Rates: Our partnership with Newcoast gives you access to a vast network of top-tier lenders, ensuring some of the most favorable rates in the market.

👉Flexible Terms: Loan terms can extend up to 20 years, accommodating various financial strategies.

👉Personalized Service: Our dedicated specialists work closely with Newcoast’s financing experts, ensuring that every step of the process is clear, efficient, and tailored to your specific needs.

At Brewer Yacht Sales, we don’t just want to sell you a boat—we want to make sure you’re set up for success and long-term enjoyment on the water. Our strategic partnership with Newcoast ensures that your financing is handled professionally, allowing you to focus on finding the perfect yacht.

Common Financing Questions

What types of boats can be financed?

Financing options are available for standard and custom power or sailboats, multi-hull boats, and pontoon boats that are up to 30 model years old. Specific rates and down payment requirements may vary.

What are the typical loan terms?

Loans up to $50,000 usually have terms of 15 years, while those over $50,000 can extend to 20 years.

Is a down payment required?

Most lenders require a minimum down payment of 10%, with higher amounts (15-20%) for loans exceeding $100,000.

Are there closing costs?

In addition to the down payment, closing costs may include a service fee, title/ registration fees or a Coast Guard Documentation fee.

Getting Started

Your dream yacht is closer than you think. At Brewer Yacht Sales, we are more than just brokers—we are your partners in making yacht ownership a reality. By collaborating with Newcoast Financial Services, we ensure that your financing needs are met with the same professionalism and dedication that we bring to every yacht sale.

Begin by exploring our available yachts and reaching out to our team to discuss your options. With Brewer Yacht Sales and Newcoast at your side, you’ll have a reliable team of experts committed to helping you find the right boat with financing that suits your needs.

For more detailed information or to start the financing process, visit our Finance Page, or Contact Samantha Strott at 860-876-7363 samantha.strott@newcoast.com.