Boat Loan Question

I’m about to finance a boat and was curious if I can ask for more then what the boat costs for accessories. Will the bank do this or only lend the money the boat itself cost?

As long as it’s included in the original purchase price, yes depending on the bank. The dealer should know how to write up the sales contract.

Yikes! If you have to ask that question you might be better off saving up a little longer. Sounds like a terrible idea to me but to each their own.

At my credit union it depended on the age of the boat. Newer (less than 5 years?) boats would allow ~10% over sale price for accessories. Couldn’t do it for older boats.

Usually they won’t as mentioned above. I’m not sure why you would want to pay interest on accessories.

Is this being bought from a dealer? If so, they add the accessories to the sale and you could finance the whole purchase.

Unless you’re getting a short term loan like 5yrs or less I wouldn’t want to pay interest on accessories like Matt mentioned. You might not have some of the accessories due to them going bad or upgrading and you would still be paying for them.

My last boat came pre rigged so I didn’t have the option but my new boat I paid cash for the accessories and just financed the boat/motor/trailer.

You live once, I’m getting the boat. The cover wouldn’t be from the dealer it’d be from a cover shop.

They are all different. Credit unions seem to be more generous. I know Westconsin Credit Union would finance up to the full book value on used boats.
As a foolish young man, I financed my first new snowmobile along with a two place aluminum trailer, salt shield, C & A Pro skis, 192 carbide studs, mid-height windshield, and a pair of leather gloves, all rolled into the snowmobile loan didn’t seem foolish at the time, but the first summer and every summer thereafter, it did.
A boat payment comes every month all year round. Just sayin’