Financing with Newcoast
START OWNING THE DREAM
Adventure is calling! At Newcoast, we have great rates and infinite ways to get you what you want. So pack up and make plans to sail away or drive off into the sunset aboard your new yacht or RV.
APPLY FOR LOAN
Boat Loans
A beautiful day on the water is priceless, but navigating a boat loan can be tricky. Newcoast simplifies the process with professional advice, flexible rates and quick decisions.
RV Loans
The RV life offers endless getaways and ever changing adventures. Newcoast puts you in the driver's seat for the loan process alongside RV financing specialists with access to the most competitive rates in the recreational industry
INDUSTRY EXPERIENCE AND EXPERTISE
Newcoast Navigates Loans with Ease
Newcoast provides specialized and strategic financing for the Marine and Recreational Vehicle industry. We work with you one on one to find the best loan options available.
New Boat & RV Loans
We're right by your side working one on one to get you the new boat or RV of your dreams
Loans for Purchasing Used
Used boats or RV's follow a very similar path to purchasing new. Newcoast can help you explore all your options.
Refinancing Your Boat or RV
Looking for a lower interest loan or a term adjustment? Reach out to Newcoast and see how refinancing can help you have even more fun.
Stay in the know
Frequently Asked Questions
Q
How long does the loan process take?
Newcoast can process your loan request in a few days. Under normal circumstances, we can have funds wired for you within 4 days.
Q
What information do you need to approve my application?
For loan requests up to $100,000, we will need last year's W-2 and a recent pay statement. For loans over $150,000, we may require personal and business tax returns, w2’s, pay statements and a financial statement, and investment and retirement statements.
Q
What are the closing costs of my loan?
In addition to the down payment, closing costs include sales tax, processing fee, and title and registration fees.
Q
What are the terms for loans at Newcoast?
For loans up to $50,000, terms may be as long as 15 years. For loans greater than $50,000, terms can be as long as 15 to 20 years.
Q
What is the required down payment for my loan?
Down payment requirements vary by lender and region. Your specialist can give you an exact answer once you start the loan process. Most lenders require a minimum of 10% of the total purchase, but for loans over $100,000 they normally require 20%.
