Q: Does it cost anything to add the Blue Water Finance service to my dealership? A: No. You only pay a set commission on the finance income on each boat sale we finance.
Q: How long does it take to start using Blue Water Finance to finance deals at my dealership? A: Usually we can get you up and running with our lenders in about one week.
Q: How long does it take to get a loan approved? A: Usually, we can generate a loan approval within 2 hours or less with qualified credit. However, we will contact your customer within 30 minutes of receiving the application to review credit qualifications and next steps.
Q. How long does it take to close the deal once a loan has been approved? A. Many deals can be closed the same business day with emailed closing documents.
Q: How long does it typically take to fund the sale? A: 24-48 hours via ACH.
Q: What type of boat can I finance? A: Virtually any kind of new and used power boat.
Q: How old of a boat can I finance? A: Boats up to 10 years old can be financed by most lenders. In some instances, depending on the manufacturer and customer's credit history, boats over 10 years can also be approved.
Q: What are your regular business hours? A: 8am to 5pm Monday through Friday and 9am to 4pm Saturday, Central Standard Time.
