• Eligible Inventory:

All models are eligible provided they are listed in NADA or ABOS or BUC. Boat must be traded in during the sale of a new boat financed by CDF. A condition report and/or appraisal may be required.

Advance Amount:

CDF will finance the low wholesale value of the trade-in unit at the following advance rates:
If aged 0 - 6 years: 85% of such value
If aged 7 - 10 years: 60% of such value
If aged 11 - 14 years: 50% of such value

There will be no consideration for accessories or trailers. However, up to 85% of the value of the outboard engine to an outboard type boat may also be advanced against (based upon the same basis for determining value and the same aging schedule as set forth above) provided that the engine is of the same model year as the boat or newer.

Minimum Amount:

Minimum advance rate of $4,000 ($250,000 maximum)

Financing Terms:

Advances on used or trade-in units would be subject to all terms and conditions of Dealer's applicable loan agreement with the CDF Marine business unit. The due in full date on such units is 540 days from date booked. Units that are unpaid after 540 days may cause interruption of further credit considerations on pre-owned boat credit lines. A monthly 3.00% curtailment will be billed starting on day 180.

Financing Rates:

Used boat financing rate is 1.00% higher than new boat financing rate. Please consult your program terms letter for new boat rates.

Documentation:

Dealer must supply CDF with a properly completed "Pre-Owned Advance Request Form", and a copy of the front and reverse of ownership documents (including lien release) when requesting financing (originals required on requests greater than $200,000), and a copy of the new boat contract. Call your customer service representative for instructions on financing USCG registered boats.

Security:

CDF must be first UCC filed on used boat inventory or have a first lien through inter-creditor agreement or subordination.

Please sign in the space provided below to indicate your acknowledgement and agreement to the terms of this Marine Used Boat Financing Program.

• Eligible Inventory:

All models are eligible provided they are listed in NADA or ABOS or BUC. Boat must be traded in during the sale of a new boat financed by CDF. A condition report and/or appraisal may be required.

Advance Amount:

CDF will finance the low wholesale value of the trade-in unit at the following advance rates:
If aged 0 - 6 years: 85% of such value
If aged 7 - 10 years: 60% of such value
If aged 11 - 14 years: 50% of such value

There will be no consideration for accessories or trailers. However, up to 85% of the value of the outboard engine to an outboard type boat may also be advanced against (based upon the same basis for determining value and the same aging schedule as set forth above) provided that the engine is of the same model year as the boat or newer.

Minimum Amount:

Minimum advance rate of $4,000 ($250,000 maximum)

Financing Terms:

Advances on used or trade-in units would be subject to all terms and conditions of Dealer's applicable loan agreement with the CDF Marine business unit. The due in full date on such units is 540 days from date booked. Units that are unpaid after 540 days may cause interruption of further credit considerations on pre-owned boat credit lines. A monthly 3.00% curtailment will be billed starting on day 180.

Financing Rates:

Trade-in financing rate is 1.00% higher than new boat financing rate. Please consult your program terms letter for new boat rates.

Documentation:

Dealer must supply CDF with a properly completed "Pre-Owned Advance Request Form", and a copy of the front and reverse of ownership documents (including lien release) when requesting financing (originals required on requests greater than $200,000), and a copy of the new boat contract. Call your customer service representative for instructions on financing USCG registered boats.

Security:

CDF must be first UCC filed on trade-in inventory or have a first lien through inter-creditor agreement or subordination.

Please sign in the space provided below to indicate your acknowledgement and agreement to the terms of this Marine Trade-In Financing Program.