Mercury Marine said that creditworthy borrowers who buy a qualifying engine through the Mercury Repower Financing Program are eligible to defer their first loan payment for 90 days.
The program was launched in September. The new optional deferred-payment promotion runs concurrent to the company’s Repower Revolution promotion, which launched Jan. 1 and runs through April 30. That initiative offers a promotional financing rate of 4.99 percent for qualified applicants.
Consumers who choose the Repower Revolution rebate instead of financing can receive a rebate of as much as $1,625 per qualifying repower engine.
“Boating is about having fun on the water, and we are excited to offer even more ways to enjoy the performance of your boat,” Mercury North/Central America and Asia Pacific vice president Randy Caruana said in a statement. “This new Repower Financing Program offers consumers more options for better experiences with their vessels. With our new products, like the 350 Verado and our 75, 90 and 115 FourStroke outboards, the consumers’ boating opportunities have never been better. Being able to offer deferred payments, competitively financed, is just another way we are supporting consumers to get the most from their time on the water.”
The Repower Revolution financing promotion is available, via participating dealers, in all U.S. states except Alaska, Hawaii, Louisiana, Montana, Rhode Island and West Virginia. The rebate program is available, via participating dealers, in all U.S. states.