What is the average boat payment?

Boat payments vary greatly. Use our calculator to estimate a payment that works for you!

There isn’t necessarily an average boat payment because there are many factors that determine how much you pay per month for a boat, including:
  • Type of boat
  • Loan amount
  • Loan length
  • APR (Annual Percentage Rate)
On average, though, if you get a new or used boat loan for less than $20,000, your monthly boat payment could be under $200. If you borrow more than $35,000, expect to pay more than $300 a month. The more you borrow, the more your monthly boat payment will be. Use our boat loan calculator to calculate your monthly payment.