family on the boat they purchased with a boat loan

Here at VacationLand, we know that you work hard and deserve to play hard, too.

We can help you with all your financing needs for a new boat or personal watercraft so you can enjoy Lake Erie to its fullest.*

A Member Relations Representative will walk you through each step, so you can stay in complete control of the process.

With reasonable rates and long-term options available, getting a manageable payment for your new boat or personal watercraft couldn’t be easier.

Each VLFCU boat loan or personal watercraft loan features these benefits and more.

  • Easy application process
  • Flexible terms
  • Financing options (new, used, refinance)
  • Competitive interest rates
  • Personal attention
  • E-signature options available

Get pre-approved for your boat loan or personal watercraft loan for additional negotiating power!

vdot-smallMembership required to use services. Click here for membership requirements.


*Member must be in good standing with VLFCU. All loans are subject to credit approval. The rates and APR may differ depending on the term, credit qualifications, or loan-to-value.
 
 
 
 

Snowmobiles, Personal Watercraft, 4 Wheelers, Dirt Bike, Misc.

    Rates Effective as of August 1, 2021. Rates subject to change without notice.

    Model Year Term
    (As long as)
    Fixed Rate
    (As low as)
    APR* Terms of Repayment

    New

    2021-2020

    60 Months 8.25% 9.08%

     APR listed is based on loan amount of $10,000, at a rate of 8.25% resulting in 60 monthly payments of $203.97.

    Used
    2020-2018

    48 Months  9.25%  10.27% 

    APR listed is based on loan amount of $10,000, at a rate of 9.25% resulting in 48 monthly payments of $250.04.

    Used
    2017-2013 

    48 Months  10.25%  11.27% 

    APR listed is based on loan amount of $10,000, at a rate of 10.25% resulting in 48 monthly payments of $254.83.

             
    *APR=Annual Percentage Rate. All loans are subject to credit approval. The rates and APR may differ depending on the term, credit qualifications, or loan-to-value. Please contact the Credit Union for additional rate and loan product information.  

    Boats

      Rates Effective as of August 1, 2021. Rates subject to change without notice.

      Amount Term
      (As long as)
      Fixed Rate
      (As low as)
      APR* Terms of Repayment
      $25,000+ 180 Months 6.75% 6.82%

      APR listed is based on loan amount of $50,000, at a rate of 6.75% resulting in 180 monthly payments of $442.55.

      $15,000-$24,999  144 Months  6.75%  6.90% 

      APR listed is based on loan amount of $24,999, at a rate of 6.75% resulting in 144 monthly payments of $253.81.

      $10,000-$14,999 120 Months  7.75%  8.05% 

      APR listed is based on loan amount of $14,999, at a rate of 7.75% resulting in 120 monthly payments of $180.03.

               
      *APR=Annual Percentage Rate. All loans are subject to credit approval. The rates and APR may differ depending on the term, credit qualifications, or loan-to-value. Please contact the Credit Union for additional rate and loan product information.

       

      Buying New vs. Used

      The decision to purchase a new or used boat or personal watercraft can be a tough one. It comes down to what you want and how much you can afford.

      Buying a new boat or personal watercraft has many advantages, including getting exactly what you want, obtaining a full manufacturer’s warranty, and having little if anything to worry about when it comes to repairs.

      However, buying a used boat or personal watercraft can be a better choice, especially if your budget is limited. There are many late model boats and personal watercrafts on the market with some of the manufacturer’s warranty remaining.

      Two questions to answer before buying a used boat or personal watercraft:

      1. Is it in good mechanical shape?
      2. Is it priced fairly?

      At VacationLand FCU, we urge you to have any used boat or personal watercraft you’re considering buying checked by a qualified marine mechanic. The charge is minimal and includes checking all the craft’s major systems: engine, transmission, electrical, heating, cooling and plumbing.

      Fair market value of the boat or personal watercraft can be determined easily by consulting any reputable pricing guide on the Internet or here at the credit union.

      Whether you decide to buy new or used, VacationLand Federal Credit Union urges you to carefully consider all the pros and cons before making your purchase.

      When you’re ready to buy, we’ll be ready to help with reasonable finance terms and competitive rates.