Current Rates

[adrianp89]

Anyone know what current rates are for 180 month terms?

 

[Yambers]

New can be 3.9 with excellent credit. Used was floating around 4.9. Through dealer and Yamaha at least.

 

[Ibeflyinhigh]

I have excellent credit and landed at 5%
I think I could have got much lower if I shopped around or told the dealership not good enough.

 

[F.M.]

180 months is a long time. I would get the shortest term I could go with a payment that's affordable. With the demand for boats the way it is now, it's bound to slow down in the next year or two, meaning boat values are going to drop. If the market tanks, at 180 months, you won't have any equity in it for at least the first 8-10 years. Just my .02 cents.

 

[adrianp89]

My dealer is saying 4.99% on 180 months on a 252SE. Can anyone confirm 3.99% before I go in there pushing for it? Credit Score Excellent with good down payment and DTI.

They are also stating 4 year warranty at $2750, also need to confirm that price.

 

[HangOutdoors]

@adrianp89 With regard to 4 year warranty, I got the standard 1 year mfg warranty and now if I want to extend here are the prices from the Yamaha Website. In essence if I go 4 years it will be $2k beyond the first year for really a total of 5. May be best to just wait for renewal and get a cheaper price potentially and 1 year longer in coverage. Of course your boat has a much higher MSRP. Just my thoughts on it.

 

[bigd1634]

We just signed for a 2021 195S and we have good credit and got the same 4.99% through Yamaha and US Bank. The extended warranty was priced the same or close to it as well.

 

[FLJetBoater]

My dealer is saying 4.99% on 180 months on a 252SE. Can anyone confirm 3.99% before I go in there pushing for it? Credit Score Excellent with good down payment and DTI.

They are also stating 4 year warranty at $2750, also need to confirm that price.

What's a good down payment these days? 10%?

 

[adrianp89]

What's a good down payment these days? 10%?

No idea what is considered good lol. My first boat I put down nothing, this one I will be putting down over 10%.

 

[FLJetBoater]

No idea what is considered good lol. My first boat I put down nothing, this one I will be putting down over 10%.

Oh wow, surprised they would do a 0% down! I put 10% on my first one but it was not through Yamaha it was used.

 

[HangOutdoors]

@FLJetBoater You can put as little down as 0%. Some credit unions have excellent rates as well.

The best down payment is what you can afford, which gives the best rate you can get with payment you can handle.

 

[Ronnie]

If you are planning to finance a purchase through Yamaha Be aware and weary of Yamaha’s current financing programs. Currently there are two.

The first is $0 down, $0 payments for 90 days. After 90 days the rate varies depending on your credit score and the term of the loan but expect a range of 6% to 9%.

The second is 3.99% for three years but here is the kicker, I just left the dealer and the salesman confirmed what I suspected. The low rate is supposed to incentivize borrowers to pay the vehicle off in three years after three years the rate jumps to 14% or more.

 

[Chatt_Jetsetter]

We financed through our local credit union, the best rate from our dealer was at least a full percentage point higher. We did zero down, 144 months, 4.25%. Excellent credit. New was our only option, lowest used rates from our CU were 7.5%.

 

[bigwaves]

If you are planning to finance a purchase through Yamaha Be aware and weary of Yamaha’s current financing programs. Currently there are two.

The first is $0 down, $0 payments for 90 days. After 90 days the rate varies depending on your credit score and the term of the loan but expect a range of 6% to 9%.

The second is 3.99% for three years but here is the kicker, I just left the dealer and the salesman confirmed what I suspected. The low rate is supposed to incentivize borrowers to pay the vehicle off in three years after three years the rate jumps to 14% or more.

14% Holy S***!!

 

[Chatt_Jetsetter]

14% Holy S***!!

Yeah, not a great way to treat your customers. I know they are in business to make money, but that's predatory.

 

[oramac]

We financed our 2021 SX210 through Yamaha at 4.99% for 180 months, and my wife and I both have credit scores just over 800. We put nearly half down, and plan to double up the payments to pay it off in around 7 years.

 

[smack]

Pretty much everywhere I've seen is around the 5% mark on boats for 180-240 months, haven't seen anything in the 3s this year.

 

[RobbieO]

My dealer is saying 4.99% on 180 months on a 252SE. Can anyone confirm 3.99% before I go in there pushing for it? Credit Score Excellent with good down payment and DTI.

They are also stating 4 year warranty at $2750, also need to confirm that price.

I was wrong!! It's 5.74% and my credit is almost 800! Sorry about that, that was my credit union rate with 20% down. I did buy the YES extended warranty. $2,114. I was also wrong about the interest over 15 years. $34,000. Like I said, I wasn't really concerned about the rate. Going to payoff in a year or 2. That's the plan anyway. Sorry about the bogus info!

 

[OB WI]

4.24 at US Bank for 180. We did put half down but opted for the max months as a just in case scenario. 2700.00 was the rack rate on the AR250 YES extended warranty. Yacht Blue! Classy like a tube top!

 

[Shir9406]

I got 3.90% for 180 months today...with Yamaha.