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.
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.
Calculate example paymentsWhy choose Synchrony for 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 purchase 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 decision: 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 penalties or fees if you’d like to pay your loan off early.
- Equal payments: Making predictable monthly payments over the life of the loan may help fit the cost of your purchase into your budget.
Ready to ride? Find a dealer near you that accepts Synchrony financing.
PWC financing: the basics
Estimated PWC cost
Whichever PWC you choose, you could 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.*
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Types of personal watercraft
If you're new to PWCs, the segment can be a bit confusing. While not all PWCs are created equal, most are 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 |
| Sport Fishing | 2- 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 want accessories that allow you to get the most out of your PWC. PWC financing lets you get the accessories you want 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 dealer partners 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 synchrony.com/financing/outdoors.**
How to apply for a personal watercraft loan
With Synchrony, getting started with personal watercraft financing is simple. Talk to your favorite enrolled dealer! When you apply using our digital application you'll need to provide your:
- First and last name
- Address
- Social security number
- Date of birth
- Income information
- Vehicle information
*Offer subject to credit approval by Synchrony Bank.
**Subject to credit approval. See Synchrony Outdoors | MySynchrony for details.
Sources
- Personal Watercraft. Discoverboating.com. Accessed August 3, 2022.
- Schnoerr, Erik. Which jet ski is right for you. Richmondhondahouse.com. January 27, 2020. Accessed August 3, 2022.
- Riley, Chris. Jet Ski vs WaveRunner vs Sea-Doo: Which is Best? Boatsafe.com. November 16, 2022. Accessed August 3, 2022.
- https://www.amazon.com/Jet-Ski-Life-Vest/s?k=Jet+Ski+Life+Vest Amazon.com. Accessed August 3, 2022.
- Personal Watercraft (PWC) Safety Guide. Discoverboating.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 Amazon.com. Accessed August 3, 2022.
- https://www.amazon.com/jet-ski-covers/s?k=jet+ski+covers 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 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 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 Amazon.com. Accessed August 3, 2022.
- 7 Best Ways to Make Your Jet Ski Faster [Video Guide]. Jetdrift.com. Accessed August 3, 2022.
- Jet Skiing Safety Tips. Chp.edu. Accessed August 3, 2022.
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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