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A 25% share costs a fraction of a whole boat, so if you finance it, the loan is smaller and the payment easier to plan. You borrow directly from a lender you choose.
Galenne is not a lender. We don't offer, arrange or broker loans, and we don't receive referral fees from lenders. Rates, terms and approval are decided only by each lender.
Illustration only, not an offer. Your actual rate, term and payment depend on your credit and the lender. Excludes Galenne's acquisition fee, closing costs and taxes.
Independent lenders. We have no partnership with any of them and receive nothing if you apply.
Unsecured loans for boat purchases, with terms up to 12 years.
Visit LightStream ↗Fully digital process, with strong terms for borrowers with good credit.
Visit SoFi ↗Personal loans, generally for customers with an existing Wells Fargo account.
Visit Wells Fargo ↗One form to compare offers from several lenders. According to Credible, checking rates doesn't affect your credit score.
Compare rates on Credible ↗Prefer to use your own assets? Some owners use a securities-backed line of credit, a home equity line or a 401(k) loan. Check with your financial advisor what fits.
Why not a boat loan? Boat loans are usually secured by a whole vessel. A share is a membership interest in the LLC that owns the boat, so owners normally use an unsecured personal loan instead.
No. Galenne doesn't lend money, arrange loans or receive fees from lenders. The options on this page are independent third parties.
Many lenders and marketplaces pre-qualify you with a soft credit check that doesn't affect your score. A full application usually involves a hard check. Confirm with each lender.
Personal loans can usually be used for any purpose, so you can borrow the full upfront amount if the lender approves it. Ask the lender about limits.
Once you have reserved your share. Shares are filled before closing, so getting pre-qualified early avoids delays.
When the boat is sold at the end of the 4-year term, you receive your 25% of the sale, less depreciation. You can use it to pay down the loan, but the loan is yours to repay either way.
We'll walk you through the upfront figures so you can talk to any lender.
Galenne is not a lender, broker or financial advisor and does not receive compensation from the lenders mentioned. These are independent third parties shared for convenience; rates, terms and eligibility are set solely by each provider. Payment figures are illustrations, not offers.
