Sailboat LOAN SECRETS | Financing the Cruising Boat with Gary Fretz, Catamaran Yacht Broker

Yacht broker Gary Fretz outlines the big sailboat loan process. We break down the costs and qualifications for a $250,000 sailing yacht.

He says you should only deal with marine lenders and lists the ones that write loans on non-US documented vessels and vessels outside the USA. You need a 680+ FICO credit score, at least 20% down, and less than a 35% debt-to-income ratio. Gary Fretz mostly helps buyers looking for big sailing catamarans that are 5 years or less old. For a $250,000 boat you can expect a $900-$1000 monthly payment based on 20% down and fixed interest rates of 3.75 and 5.0 percent. The number of lenders and terms of boat loans for smaller and older boats are generally worse. He also talks about some of the tax and registration issues with foreign boats. He argues Caribbean sailing catamarans are typically 10-15% less expensive than US-based boats. It costs about $2.50 per mile to have a boat delivered.

We break out the secrets to getting the best sailing catamaran for a great price and maximizing your resale value. Many top vloggers such as Sailing La Vagabonde and Sailing Zatara are selling their monohulls to buy a catamar Gary Fretz has been a yacht broker for 30 years. He helped Jessica and Ryan Adventures buy their sailing catamaran and he can help you too. Once you live aboard space becomes so important and cats have more space! Seasonal and Regional Factors are crucial in price you pay for a cat. Gary Fretz gives a way all his secrets if you e-mail him at

BigYachts {at} gmail [dot] com

Gary Fretz is the
Yachts International, Founder and CEO
Licensed and Bonded Yacht and Ship Broker (since 1989)
Member: International Yacht Brokers Association

Castle Harbor Boating School, Inc. (Owner)
America’s Oldest Sailing School (since 1949)
Yacht Charters/Boating School/Club/Rentals and Castle Harbor Boating

Essex offers a daily snapshot of the boat loans. They are not a sponsor and terms and conditions to all loans apply.

This is not investment advice or an offer for credit. We sail here at Slow Boat Sailing and don’t offer credit.

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Linus Wilson is the host of the Slow Boat Sailing Podcast that has interviewed White Spot Pirates, Sailing Doodles, and Sailing SV Delos among many others.

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