Financing Options

At Pinnacle Boat Co., we offer two distinct ways to finance your new build depending on your financial goals. While both get you on the water, they function very differently in terms of speed, monthly cost, and ownership.

Here is how they compare and contrast to help you decide which path fits your budget.

Lightstream

The "Cash-Buyer" Approach

Best for: Customers with excellent credit who want a fast, "cash-like" experience and no liens.

Lightstream offers unsecured personal loans for boat purchases. They lend based on your creditworthiness rather than the boat itself, meaning you own the boat outright from day one under a personal loan.

• Loan Type: Unsecured Personal Loan.

• Terms: Typically 2–7 years.

• Down Payment: $0 (Finance 100% of the build, including taxes).

• The Process: Lightning fast. Funds are often in your bank account the same day you apply.

• Pros: No liens on your title; no down payment required; no surveys or inspections needed.

• Cons: Shorter terms mean higher monthly payments; requires excellent credit.

Newcoast Financial

The Traditional Approach

Best for: Customers looking for the lowest possible monthly payment and longer terms.

Newcoast specializes in marine lending. Because they use the boat itself as collateral, they can offer extended terms that a personal loan cannot match.

• Loan Type: Secured Marine Loan.

• Terms: Up to 15–20 years (allows for very low monthly payments).

• Down Payment: Typically requires 10%–20% down.

• The Process: Standard marine closing; they handle the title and lien filing.

• Pros: Lower monthly payments; specialized marine expertise; handles high-dollar builds easily.

• Cons: Requires a down payment; the bank holds a lien on the title until paid off.

Scroll down to learn more about how our Finance Specialist Marvin at Newcoast can help get you in a boat today.