Kayak Financing Options

Apply For Your Kayak

It takes just a few minutes to get an offer for kayak financing.

Getting A Kayak Loan Online

First, let’s take a look at why you should get a kayak loan online instead of working with a store.

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Kayak Installment Loans – Buying A Kayak

Kayak Choice

This is the chief reason to secure bad credit kayak financing before you shop. You probably have an idea of your dream kayak but chances are great that the local sporting good store that offers credit, does not stock it. Most stores will stock about 5 or 6 kayaks. Usually, they also only stock the cheaper and higher profit margin kayaks like Pelican. If you are going to finance a kayak, you should get a good model, one that would last.

What makes an ideal kayak will depend greatly on what you want to use it for. The perfect kayak for you might be a fishing kayak like the Malibu Kayak’s Stealth or you might like a touring model capable of handling big water from Ocean Kayak. Whatever the case, if you want the perfect kayak, you need to secure your own financing.

Easier Financing Approval

If you go to the department store to get an approval, you also face tougher approval chances. Why? Because you will be dealing with one lender who has one set of standards. If you do not live up to them, you get denied and the game is over.

With a loan network like the one that we give you access to, if you get denied by one lender, your info goes on to the next one. This is repeated automatically and securely until one is found that wants to make you an offer. It really is the fastest way to get your kayak loan.

Potentially Better Rates

While not guaranteed, if you have good credit, you might get a better rate than you would with a retail store. Why? Because credit card rates at department stores are the same no matter what your credit score is. On the contrast, with online installment loans, the better your credit score, the better your rate.

Representative APR Examples & Total Loan Costs

The following rates are for informational purposes only and do not reflect the rate that you may be offered by your lender.

Purchase Example: 2019 Hobie Pro Angler 14 Fishing Kayak.

Purchase Price $3899.

APR: 19%
Period: 24 months
Monthly Payment: $196.54
Total Payments: $4717.04

APR: 24%
Period: 24 months
Monthly Payment: $206.14
Total Payments: $4947.47

APR: 29%
Period: 24 months
Monthly Payment: $216
Total Payments: $5184.05

But What If You Get Turned Down?

It happens, maybe your credit is not as good as you thought or maybe there are errors on your report. This can be overcome. Here is what you need to do. Take a look at these videos for some help.

1. Check Your Credit For Errors

Credit bureaus are not perfect. Here is how to check for mistakes and correct them

2. Improve Your Score

If there were no errors on your report or if your score can use some additional work, you can improve your score with a little work. This one is emphasizing mortgages, but it can be used to improve your score to get a kayak as well

Buying A Kayak

Buying a kayak is different for everyone. Everyone has different needs and wants. What will you be using your kayak for? Will it be for recreational paddling, long distance expeditions or for weekend fishing trips? Here are some of the most common types of kayaks to consider for financing.

Sit On Top Kayak

This is a kayak, that you sit on top of, just like the name implies. This has become an increasingly popular type of kayak. One of the main reasons for this is the ease of entry and re-entry. It is much easier to launch a sit on top kayak and if you fall off, getting back in is much easier than the sit in variety.

In addition, because you are not inside the kayak, there is a lot of room for additional storage compartments. This makes it a great choice for when you need to pack a lot of gear.

Finally, because the hull of the kayak is sealed up with a sit on top, it generally will not fill with water. This makes recovery easier if you fall off the kayak and means the kayak can not sink.

Sit In Kayak

The chief benefit of the sit in kayak is that your lower body can be shielded from the environment. This makes it a better kayak for cold weather paddling and any area where you could get wet, such as river rapids. Coupled with a spray skirt, you can stay dry and comfortable with a sit in.

Fishing Kayaks

Fishing kayaks can be either “sit in” or “sit on top” although most models that you find will be sit on top. They are modified kayaks that you may wish to finance if you intend to do a lot of angling. They will have ample storage, fishing rod holders, more comfortable upright seating and some will even have the capability to stand and fish.

The drawbacks to a fishing kayaks are weight and speed. With all the extra gear they an be heavy and with the emphasis on stability, speed can be an issue. In general, fishing kayaks will be more difficult to transport and will be slower on the water.

Kayak Financing F.A.Q’s

1. I need money for a kayak, where can i get it?
   We can get you access to a network of lenders that can help. Fill out one simple quote form and get a loan offer from one of our lenders.
2. How do I find kayak financing deals?
   Some sporting goods stores might offer financing deals but these are rare on kayaks. The best deal is to secure financing independently and then shop sales prices and closeouts directly from the manufacturer.
3. How much can I finance?
   That depends on your credit and what you are looking for. A decent kayak is usually around $1000 although models can go up into the several thousand dollar range.
4. What interest rate can I get on a kayak?
   This will be dependent on your credit and the lender that makes you an offer. Terms will  vary so be sure to read all of the loan details on your offer before committing.
5. Can I finance a kayak with bad credit?
   We have all sorts of lenders in our network and one might be able to make you an offer even if you have bad credit. The only way to find out is to get a quote and thankfully, it is free to get a quote.
6. What kind of payment plans are available?
   Payment plans will depend on your credit, how much you finance and your lender. We are not a direct lender so only your lender can tell you your options.
7. What brand of kayak can I finance?
   That is the beauty of securing outside financing. You can get whatever brand you want.Get a Jackson, Ocean Kayak, Perception, Lifetime, Old Town, Etc.
8. What about rent to own kayaks?
   Rent to own programs are generally more expensive than installment loans. Your best option is to get a free quote and then you can compare the two different types of financing.
9. How long does it take to get an approval?
   You can have your decision in a matter of minutes in most cases.