Total cost of ownership
The lender is thinking about slip fees, winter storage, and engine hours on top of the monthly payment. Net worth is how they judge that.
Proof of net worth before the boat show ends.
A personal financial statement for boat or RV financing shows a specialty lender that you can carry the purchase and the costs that come with it: fuel, storage, maintenance, insurance. Marine and RV lenders ask for it more often than auto lenders do, because the amounts are larger and the asset depreciates.
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Why these lenders
ask for more.
A boat is a large loan on an asset that loses value and costs money to own.
Show deals have deadlines
Boat shows and end-of-season pricing come with a date. The buyer with the paperwork done gets the price.
Buyers with layered finances
Multiple properties, a business, several accounts. Organizing that for a lender by hand takes an afternoon.
Ready before
the dealer runs the numbers.
Connect the accounts once and the statement is ready for every quote you gather.
Liquid funds, synced
Cash, savings, and brokerage balances pull read-only through Plaid, so the down payment and reserves are on the page at today's figures.
Boats and RVs as assets
The app has a line for boats and vehicles. List what you own at market value with any loan beside it.
Several lenders, one statement
Shopping quotes? Export the same statement for each lender, or copy it and adjust for a specific request.
Send from your phone
Share a link the finance office can open on the spot. It expires when you say.
What's
included.
Items marked Pro or Pro Plus need that plan. The free trial covers one connected bank, one statement, and one watermarked export.
- Cash, savings, and investment balances for down payment and reserves
- Boats, RVs, and vehicles at market value with loans beside them
- Each liability with balance and monthly payment
- Net worth calculated for you
- PDF export, signed in the app
- Expiring share link
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Common questions.
Still have a question?
Get in touch
Why do boat lenders ask for a personal financial statement?
Boats and RVs are large loans on depreciating assets with real ongoing costs. Lenders want to see that your net worth covers the payment and the upkeep together.
What net worth do marine lenders look for?
There is no published rule. Lenders want a net worth that is comfortable next to the purchase price and income that covers the payment plus the upkeep. The statement shows both.
Can I list my current boat?
Yes, at a market value from a pricing guide, with its loan under liabilities. If you are trading up, that equity counts toward the new purchase.
Do RV dealers ask for one?
On higher-value motorhomes and fifth wheels, dealers and their finance partners often do. Ask before the sales event so you are not building it in the parking lot.
How do I show proof of funds?
The cash and investment balances on the statement are the proof. Synced accounts mean the figure matches what the bank shows.
Start your statement.
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