Sterling Associates vs. Banks

You’ve finally decided to buy the boat of your dreams. Now, how to pay for it?

If you’re financing your purchase, you want the best rate and a quick approval to get out on the water as soon as possible. Is your local bank or credit union the best way to go?

The best option is a marine lender who specializes in boat loans. Since 1991, Sterling Associates has done more than $4 billion in boat loans.

Being boaters themselves, marine lenders recognize that the value of a well-maintained boat holds up over time, so the loan terms generally are more attractive than those offered by local banks and credit unions.

“Lenders who specialize in boat loans naturally have a better understanding of boats and their buyers,” says Tom Smith, president of Sterling Associates. “Therefore, they can often speed up the approval process. In some cases, the buyer can apply for a loan in the morning and be on the water the same day.”

With Sterling Associates, take advantage of:

• Lower monthly payments. Because marine lenders usually extend longer terms on boat loans than local banks and credit unions, the monthly payments are likely to be lower than expected. Click here for Sterling’s current rates.

• Personalized, experience service. People make the difference. We listen to the needs of our customers. Our employees have been around for decades and have the experience to handle your loan.

• Optional equipment. You want all the bells and whistles and you’re going to need insurance coverage, too. Unlike many non-marine lending institutions, boat loan specialists will often allow you to finance optional equipment, electronics, extended service plans and life/disability insurance coverage with your boat purchase.

Call us today!