Newport seminar will focus on financing

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The Newport Spring Boat Show will host a May 16 workshop called “Creative Ways to Afford a Boat” to help new and used boat buyers figure out how to get financing in today’s market.

Representatives from a bank and a finance company, as well as a marine-specialist insurance agent, will be on hand to discuss the present loan environment, plus financing-based insurance requirements, and help buyers go about the process successfully.

Following general presentations, appointments can be set up to speak privately with the experts to cover details about an individual’s boat-buying plans and develop a funding strategy.

The show also features a consignment tent where manufacturers, dealers and individuals will be selling new and used boating items at bargain prices. Partial proceeds will benefit the Seaman’s Institute.

Nearly 200 boats – from dealers as well as brokers – are expected to be on hand at this year’s Newport Spring Boat Show, which runs May 15-17.

For information, contact the Newport Exhibition Group at (401) 846-1115 or click here.

Click here for the full release.

Comments

One comment on “Newport seminar will focus on financing

  1. Don Abbel

    for years the industry has taken a “no can do” attitude on other forms of financing. While the auto industry found avenues in higher rates for credit challenged customers, many of whom were able to afford this cost as well as gain a better credit rating along with the idea of seasonal boat leasing, seasonal purchase options, “total package” leasing whereby many or several recreational “toys” could be leased and or used during a contract period all the while allowing for profits in sales and service. Being creative is a very good thing, expanding the industry to include the young family, the couple that are just wanting to enjoy a weekend outing is paramount to the future of boating. Yes Yes Yes: get the ideas flowing, get the word out: Boating is fun and affordable.

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