Secured vs. Unsecured Boat Loans: What’s the Difference?

Why Loan Type Matters in Boat Financing Financing a boat isn’t a one-size-fits-all process. Two buyers could walk into the same bank, both looking for $50,000, and walk out with very different types of loans: one secured, one unsecured. The difference? Collateral, interest rates, and how much risk each borrower (and lender) is willing to…

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