Palm Beach Offshore, Inc. (“PBO”) is pleased to offer flexible financing on engines, equipment and labor to qualified purchasers.
- Down Payment
• 50% of the total contract price due at execution of the contract, pre-conversion
- Financed Amount
• Remaining 50% payable under your financing agreement with terms up to thirty-six (36) months, first payment due at delivery
- Eligibility
• Available on all engines, Paddle Commander, digital helm & other equipment and conversion packages
• Financing subject to PBO credit approval; credit restrictions may apply
- Warranty Requirement
• A Gold Level Warranty and Service Contract must be purchased and in effect at delivery and must remain in force until the financing agreement is paid in full.
Legal Terms and Conditions
- Credit Approval: All financing is subject to credit approval by PBO or its designated financing partner. Rates, terms and availability will vary based on creditworthiness and other factors.
- Documentation & Security: Customer must execute a promissory note and security agreement granting PBO a first-priority security interest in the financed equipment under the Uniform Commercial Code.
- Interest & Payments: Interest will accrue from the date of funding at a rate determined at approval. Monthly payments will be amortized over the agreed-upon term. Prepayment is permitted without penalty.
- Late Charges: Late payments may incur a late fee of up to 1.5% per month (or the maximum permitted by law), plus any costs of collection, including reasonable attorneys’ fees.
- Default: In the event of default, PBO may accelerate the balance due and exercise all rights and remedies under the security agreement and applicable law.
- Taxes & Fees: Customer is responsible for all applicable taxes, title fees, recording fees, insurance premiums and any other costs associated with the financed equipment. There is a $299.00 application fee associated to all financing applications to be paid on application
- Modification & Cancellation: PBO reserves the right to modify or cancel this financing program at any time without prior notice. Offer void where prohibited.
- Governing Law: This agreement shall be governed by and construed in accordance with the laws of the State of Florida, without regard to its conflicts-of-law principles.
Ask your PBO representative for full program details, current rates and term options.