Buy the boat. Skip the boat loan.
Powerboats, sailboats, fishing rigs, pontoons, jet skis, yachts. Marine lending charges 7-12% APR over 15-20 year terms, financing fiberglass that depreciates faster than the loan amortizes. A savings club replaces the loan with flat-fee math.
- No down payment
- Flat fee
- No marine lien
Why traditional financing falls short here.
Boat loans are structured the same way RV loans are: long terms to make the monthly payment look palatable on a depreciating recreational asset. The compound-interest math on a 20-year boat loan is brutal. A savings club lets you own the boat outright on day one of voucher use, with no marine lien on the title.
- Marine loans typically run 7-12% APR over 15-20 year terms.
- Boat depreciates faster than loan amortizes, upside-down for years.
- Lender-required marine insurance adds $1K-$5K/year.
- Slip fees, storage, and maintenance compound the financial drag.
- Selling mid-loan triggers prepayment penalties on some products.
HOW IT WORKS FOR WATERCRAFT
Four steps to owning.
- 1
Pick your watercraft class.
Powerboat, sailboat, pontoon, fishing rig, jet ski, yacht, by value bracket.
- 2
Join the club, no down payment.
Monthly contributions only. Total cost set on enrollment.
- 3
Receive your voucher.
Use at any marine dealer, broker, or private seller.
- 4
Own the watercraft outright.
No lien. No 20-year clock.
OWN THE HULL, NOT THE DEBT
No marine lien on the title.
Marine lenders finance a hull that depreciates faster than the loan pays down, so bank buyers spend years upside-down. A savings club replaces the loan with a finite club obligation. Use your voucher and the boat is yours, free of any marine lien.
- Own the watercraft outright on day one of voucher use. No lien.
- Charter on Boatsetter or GetMyBoat once owned, or use it yourself.
- Contributions in trust at US Bank under JHTC.
WHAT YOU GET
The difference.
Any watercraft
Power, sail, pontoon, fishing rig, PWC, yacht, by value.
No down payment
Conserve cash for slip, fuel, and maintenance.
Flat fee
No 20-year compound interest on a depreciating hull.
Defined finish line
Finite club term. No 20-year amortization.
Use or charter
Once owned, charter on Boatsetter / GetMyBoat or use yourself.
Trust-protected funds
Contributions in trust at US Bank under JHTC.
THE MATH, SIDE-BY-SIDE
A $120,000 powerboat, two ways to pay.
| Traditional financing | Savings.Club | |
|---|---|---|
| Down payment on $120,000 powerboat | $15,000 to $24,000 | $0 |
| Total cost over the term | $215,000 to $250,000 | $140,000 to $148,000 |
| Loan term | 15-20 years | Finite club obligation |
| Upside-down window | Years 1-8 typically | None |
| Lien on watercraft | Yes | No |
Illustrative: $120K powerboat, 15-year marine loan at 9.5% vs. flat-fee Savings.Club obligation. Actual savings vary by watercraft value and term.
QUESTIONS
Common questions.
Yes. Power, sail, motor yachts, eligible by value bracket. Larger yachts (>$1M) fall under specialized programs.
Be first in line.
Join the waitlist and we'll email you the moment this club opens in your state.
Available in TX, FL, MA, and CT.