Boat Loan Calculator

Overview

We will be upfront, there’s a lot of the same loan calculator’s out there. They all return the same answers as they are based on “mortgage style” calculations, but ours has a bit more flexibility, particularly if you are considering a floating rate loan. This is really important since changes in interest rates can directly affect how much you have to pay each month for the boat loans. The main focus here is making sure you can afford the boat that you are spending all that time poring over online.

What Does it Do?

• Calculates purchase price, upfront cost, and total cost of ownership differences between a new and used boat.

• Determines annual and monthly ongoing costs, including annual and monthly financing payments that may differ between new and used boats.

• Incorporates boat depreciation and allows a user to “sell” the boat at different times to see value recovered.

• Allows users to change several inputs around pricing, costs, depreciation, finance charges, etc. for dynamic comparisons.

Instructional Video

The video below walks users through the operations of the downloaded file.