Boat loan terms typically range from 5 to 20 years depending on the loan amount. Loans under $25,000 usually max out at 10-12 years. Loans over $50,000 can stretch to 15-20 years. Longer terms lower your monthly payment but increase total interest paid. Most buyers financing a used boat in the $20,000-$50,000 range choose 10-15 year terms.
