Reputable boat lenders and marine financing companies offer longer boat loan terms, typically between 10 and 20 years. These longer loan terms shrink your monthly payment, making it more affordable. The internet is full of click-bait tactics, false advertising, promotions that don’t really exist, and rates that aren’t updated and don’t fit the product they’re being advertised for. Unfortunately, this is often the reality for the super low interest rates that some boat lenders claim to offer. Once you further inquire about these low interest rates, they have either expired, don’t apply to loans for boats, or are ‘conveniently’ no longer available. Next time you see those low boat interest rates creeping up on your computer screen, make sure you find out all of the details, including how long the loan term is for.