Credit Unions are best. My local GECU here in LaCrosse is 1.99% on a new boat, down payment depends on the boat and your credit I believe. In September I bought a 2006, got a 10 year loan and an interest of 4.49%, granted I plan to pay it off by the 5 year mark, but assume the rate could go up at the end of the 5 years if you don’t have it paid off……or have a lump sum ready to pay it off with….or be prepared to re-finance the remainder.