First, what do you want to spend on your canoe?
Getting Canoe Financing
Is it really possible to finance sporting gear like a canoe? Absolutely, and you may even get enough money to pay for all of the accessories that you need like oars, life vests, fishing gear and even a trolling motor. We can help you get a quote for the money and it takes just a few minutes. Here is what you need to do.
- Enter Your Information
First, you need to enter a bit of information about yourself on the quote form. Just some basic information to tell our lender group who you are and how you get your money. In addition, you will need to enter your bank account information because, unlike with other loans, you will be paid directly. This means that you can shop like any other cash buyer. - Submit & Wait
Don’t worry, it only takes a few minutes, in most cases, to get your decision. If approved, one of the lenders will send you a loan offer. Now, you will simply visit their website and can review the loan offer. - Accept Or Decline
After examining the details of the loan, you can decide to either accept or turn down the loan. There is no cost to you if you decide to turn the loan down. If you accept it, your lender will deposit money directly into your account and this can happen as soon as the next business day.
Once you have the money from your loan, you can shop for your canoe and accessories just like any other cash buyer. Financing your canoe in this way has a number of great advantages.
- Get Easier Approval
With department stores, it can be hard to get approved. You have one particular lender and if you do not meet their requirement, the game is over. More lenders equals more opportunities to get a yes. That means that one of our lenders may be able to get you approved when others have denied you. - Be A Cash Buyer
Do not underestimate the benefit of being a cash buyer. It can allow you to shop wherever you want and get the exact model that you want. Shop sales and even the used market to get the best possible deal. - Buy Your Canoe Quickly
Loans can often be wrapped up very fast. This means that you could have money in your account as soon as the next business days. That can allow you to get on the water in a matter of days. Start planning that cone trip now.
What Makes A Canoe So Great
There are a lot of things that make a canoe a fantastic watercraft.
For starters, you have the fact that they can get into just about any waterway. They are even more versatile than the good old Jon Boat. You can take them on the lake, on a pond or down just about any river or stream.
And, unlike other boats, if you are on a river or stream and it gets too shallow, all you have to do is pick it up. They can be carried or dragged over short distances, allowing you to carry on your journey when other boats have to turn back.
In addition, the canoe is super easy to transport. You can get a cheap, lightweight trailer or you can simply put them on the roof of your car or SUV or in the bed of your truck. Besides kayaks, nothing is easier to move.
Versatility is another strong asset of this craft. It can be rowed, floated down a river or outfitted with a trolling motor or small gas powered prop. It can be used for camping, fishing, hunting or just exploring.
Finally, you have affordability. Most canoes will go for well under 1000 dollars which make them an affordable way for just about anyone to get on the water.
Making Your Canoe Loan Decision
If you are able to get an approval for financing for your canoe, you have a very big decision to make. Just because you received an offer, does not mean that you should accept it. Consider a few things first.
The chief thing that you should be considering is whether you can afford the loan payment. A lender will try to judge whether you can afford a loan but it is ultimately only you who can make that decision. A lender does not know your spending habits and all of your real life expenses.
You should also look at whether the loan is actually a good deal. Sometimes the cost is just too much. This is, after all, a canoe and not food and shelter. You can probably do without it, so if the cost of the loan is too high, turning it down may be the nest move.
Lastly, consider whether you have another way to get a canoe. Can you sell some property, use a credit card or even buy a cheaper used model?
