When it comes to buying boats, you have more flexibility with financing than you do an auto loan. Pontoon1 financing packages are often longer terms, like a 10 –15 year loans as opposed to a five or six-year term due to a boat’s unique and decelerated depreciation factors. A lower monthly payment means flexibility for customers, granting the ability to pay off the marine loan how and when they choose. The simple interest, no prepayment penalty loans means you can pay the loan off in the amount of time you wish.