Jet Ski Finance: How to Get the PWC of Your Dreams

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August 04, 2023

PWC Financing

Depending on where you live, you may hear people talk about Jet Skis or WaveRunners® when they're referring to any personal watercraft. Just like the brand name Kleenex® has come to refer to all tissues, the brand names Jet Ski,® WaveRunner® and Sea-Doo® are often used to refer to any personal watercraft (PWC).

And let’s face it: PWCs are lean, mean thrill-seeking machines. A PWC can jump ocean waves, rip tight turns on a lake or take little ones tubing along the river. If a boat is practical (like a family car), a PWC is like a motorcycle for the water—designed specifically for the rush.

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Benefits of PWC financing

Utilizing PWC financing allows you to get a great PWC and pay it off over time. That way you can enjoy the sun and waves without paying the total cost up front.

A Synchrony installment loan provides flexible terms so you can make convenient monthly payments over time.* When you purchase your PWC, you can also grab the accessories, upgrades and warranties you need and roll them into your loan with one monthly payment.

Benefits of PWC financing

A Synchrony loan offers flexible terms, allowing you to pay back the loan over time and make convenient monthly payments.* You can also use the loan to bundle in the approved accessories and gear you need at the time of vehicle purchase.

  • Banking you trust: Synchrony is a Fortune 500 bank that’s been helping consumers for more than 90 years.
  • Brands you love: We partner with 100+ powersports brands for you to choose from.
  • 4,500 dealers: Synchrony loans are offered by over 4,500 dealership partners to help you get the powersports vehicle you want with financing you need.
  • Lightning-fast approval: Get a decision about your loan application in 60 seconds or less.
  • Autopayment: Never miss a payment. Call Synchrony’s customer service and set up your automatic payments.
  • Early payoff: No early payment restrictions if you’d like to pay your loan off early.
  • Equal payments: Make equal monthly payments over the life of the loan, to help you fit the cost of your powersports vehicle into your budget.

Ready to ride? Find a dealer near you that offers Synchrony financing.

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PWC financing: The basics

Estimated PWC cost

Whichever PWC you choose, you can expect to spend about $5,500 to $17,000+.1 With Synchrony financing, you can finance the PWC itself as well as approved accessories and upgrades at the time of purchase, rolling it all into one easy PWC loan.*

Learn more:

Bass Boat Financing | Ski Boat Financing | Boat Financing

Types of personal watercraft

If you're new to PWCs, the segment can be a bit confusing. While not all PWCs are created equal, some may be eligible for financing.

Here are six different types of PWCs that can be financed with a Synchrony loan*:

Type

Description

Estimated starting cost

Rec-lite

Lightweight, 2-passenger PWCs that have around 90 horsepower and reach speeds of about 45 miles per hour1

$5,5001

Recreational

3-passenger PWCs with braking and reverse as standard features

$8,9992

Luxury

3-passenger PWCs with about 300 horsepower and top speeds near 70 miles per hour1

$11,6992

Performance

PWCs with additional features like superchargers that allow you to go even faster

$12,2992

Tow Sports

2-passenger PWCs that come with standard features like a tow rope attachment for tubing, skiing and wakeboarding

$12,1992

TSport Fishing

22- to 3-passenger PWCs with features like rod holders and a cooler

$14,9992

In addition, there are three brands that dominate the PWC space. These are reputable personal watercraft that are eligible for financing.

Brand

Maker

Estimated cost

Jet Ski

Kawasaki

$9,000-$18,0003

WaveRunner

Yamaha

$6,000-$17,0003

Sea-Doo

Bombardier

$5,000-$18,0003

PWC accessories

Selecting the PWC that's right for you is just the first step. You may also want accessories that allow you to get the most out of your PWC. PWC financing lets you get the accessories you need and roll them into your loan at the time of PWC purchase.* That way, you'll have everything you need for a great time, all incorporated into equal payments over the life of the loan. And if you need a trailer for your new PWC, we partner with over 700+ trailer manufacturers to offer convenient financing for all types of trailers too.

Here are the PWC accessories you can consider:

Accessory

Description

Who is it for?

Estimated cost

Trailer

Lets you take your PWC to new bodies of water

Most PWC owners; anyone who wants to explore new areas and plans to store their PWC out of the water

$500 for a single-PWC trailer to $3,500 for a triple- PWC trailer1

Life preservers

Keep you afloat when you come off your PWC

Anyone riding a PWC

$38-$126 each4

Safety kit

PWCs must have a fire extinguisher, horn or whistle and emergency engine shut-off switch5

Everyone owning or operating a PWC

About $266

Cover

Protects your PWC from the sun, leaves, pollen and other debris, whether on the water or out

Most PWC owners

About $49-$1097

Navigation

Tracks your location and gives navigation insight

Anyone exploring new waterways, especially larger bodies of water

$139-$400+8

Tubing and towing accessories

3-passenger PWCs can tow a tuber or skier

People using their PWC with kids (and kids at heart)

Roughly $80-$130+ for a tube,9 $200 for skis,10 and $29+ for a tow rope11

Performance upgrades

Air intake, exhaust and other upgrades that help you go faster

Those with a strong need for speed

$1,000+12

If you want an on-water adventure that gets your adrenaline pumping a bit more than a day on the boat, put a PWC on your wish list. Then look into financing a PWC to make your dream a reality. With PWC and accessory financing, you can be cruising in no time.*

The Synchrony Outdoors Credit Card is a great way to finance accessories after you purchase your PWC. Use the Synchrony Outdoors Credit Card at enrolled powersports retailers to finance the gear, accessories, parts, services and even fuel you need to power your passion.** To learn more about the Synchrony Outdoors Credit Card visit mysynchrony.com/outdoors.

How to apply for a personal watercraft loan

With Synchrony financing, getting started with personal watercraft financing is simple. Talk to your favorite enrolled dealer! When you apply for a Synchrony loan using our digital application, you'll need to provide your:

  • First and last name
  • Address
  • Email
  • Social security number
  • Date of birth
  • Income information
  • Vehicle information

Read More

PWC Accessories | Powersports Financing for Beginners | Boat Ownership 101

*Offer subject to credit approval by Synchrony Bank.

**Subject to credit approval. See mysynchrony.com/outdoors for details.

1. “Personal Watercraft”. Discoverboating.com. Accessed August 3, 2022. https://www.discoverboating.com/buying/boat/personal-watercrafts

2. Schnoerr, Erik. “Which jet ski is right for you.” Richmondhondahouse.com. January 27, 2020. Accessed August 3, 2022. https://richmondhondahouse.com/best-types-of-jet-skis-for-2020/

3. Riley, Chris. “Jet Ski vs WaveRunner vs Sea-Doo: Which is Best?”. Boatsafe.com. November 16, 2022. Accessed August 3, 2022. https://www.boatsafe.com/jet-ski-vs-waverunner-vs-sea-doo-which-is-best/

4. Amazon.com. Accessed August 3, 2022. https://www.amazon.com/Jet-Ski-Life-Vest/s?k=Jet+Ski+Life+Vest

5. “Personal Watercraft (PWC) Safety Guide”. Discoverboating.com. Accessed August 3, 2022. https://www.discoverboating.com/resources/personal-watercraft-safety-and-you

6. Amazon.com. Accessed August 3, 2022. https://www.amazon.com/Sea-Doo-Jetski-Watercraft-Equipment-295100330/dp/B06XYB9HSN/ref=sr_1_3?keywords=jet+ski+safety+kit&qid=1658599154&sr=8-3

7. Amazon.com. Accessed August 3, 2022. https://www.amazon.com/jet-ski-covers/s?k=jet+ski+covers

8. Amazon.com. Accessed August 3, 2022. https://www.amazon.com/s?k=jet+ski+gps&crid=3JZC09JP9WGPO&sprefix=jet+ski+gps%2Caps%2C72&ref=nb_sb_noss_1

9. Amazon.com. Accessed August 3, 2022. https://www.amazon.com/s?k=boat+tubing+set+up&crid=IJOB952XWYZQ&sprefix=boat+tubing+set+up%2Caps%2C46&ref=nb_sb_noss

10. Amazon.com. Accessed August 3, 2022. https://www.amazon.com/s?k=water+skiis&gclid=Cj0KCQjw2_OWBhDqARIsAAUNTTHEvi59nQ8C44elwmbSatNA4rJ_XsNIEOAkWQTU6ePiGXC7cam9bjcaAuy0EALw_wcB&hvadid=174231839950&hvdev=c&hvlocphy=9002350&hvnetw=g&hvqmt=e&hvrand=300772047841551122&hvtargid=kwd-124023336&hydadcr=24664_9649023&tag=googhydr-20&ref=pd_sl_48kfq45cq0_e

11. “7 Best Ways to Make Your Jet Ski Faster [Video Guide]”. Jetdrift.com. Accessed August 3, 2022. https://www.jetdrift.com/how-to-make-a-jet-ski-faster/

12. “Jet Skiing Safety Tips”. Chp.edu. Accessed August 3, 2022. https://www.chp.edu/injury-prevention/safety/water-and-sun/jet-skiing

The information, opinions and recommendations expressed in this content are for informational purposes only. Information has been obtained from sources generally believed to be reliable. However, because of the possibility of human or mechanical error by our sources, or any other, Synchrony and any of its affiliates (collectively, “Synchrony”) does not provide any warranty as to the accuracy, adequacy, or completeness of any information for its intended purpose or any results obtained from the use of such information. The data presented was current as of the time of writing. Please consult with your individual advisors with respect to any information presented.

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