High interest rates haven’t slowed boat borrowing, just sales

> Subscriber-only, By Tony Esposito2024-09-09T10:30:00

MarineMax chief revenue officer says buyers are financing at a degree consistent with low-interest rate environments

While there is no doubt that a long-awaited interest rate cut from the US Federal Reserve (Fed) – expected later this month – will help stimulate flagging boat sales, especially at the entry-level, higher interest rates haven’t impacted the number of customers financing boats through one major dealer group.

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