Quick answer Yes, eligible Mercury outboard and repower purchases can be financed through DealerPlan and participating Canadian lenders. The current headline rate is 5.48% APR (OAC). Under the active TD program, the contract term is up to 60 months and payment examples may...
Quick answer
Yes, eligible Mercury outboard and repower purchases can be financed through DealerPlan and participating Canadian lenders. The current headline rate is 5.48% APR (OAC). Under the active TD program, the contract term is up to 60 months and payment examples may use amortization up to 240 months, which can leave a balance due at maturity. Qualified buyers may be eligible for $0 down; the lender confirms approval, down payment, timing, and final terms in writing.
Family-owned since 1947.
Money is the part of a repower nobody likes to ask about at the counter, so people circle it. They'll spend twenty minutes on props and shaft length and then mumble "and, uh, do you guys do financing?" on the way out the door. Yes. We do. And it's a lot simpler and a lot less painful than most people expect.
Here is the whole thing laid out plainly: how the financing works, what the rate actually is right now, what your monthly payment looks like, the fine print we'd rather you hear from us, and how to start. No games.
Who this is for
Anyone in Ontario buying a new Mercury outboard, repowering an older boat, or putting together a boat-and-motor package and wondering whether to pay cash or finance it. Whether you're spending $8,000 on a tiller kicker or $40,000 on a twin-V8 repower, the process is the same. This covers Rice Lake, the Kawarthas, the Trent-Severn, and anywhere in the province customers can trailer to us at Gores Landing, or ask about boat pickup.
Prices here are planning figures as of September 2026. For live Mercury motor pricing, see the Mercury pricing reference.
How HBW financing actually works
One Mercury financing program is live right now. TD "Always On" promotional financing is 5.48% APR (OAC) through December 31, 2026, arranged via DealerPlan, with contract terms up to 60 months. The Mercury Summer Savings rebate and its 2.99% short-term financing ended August 31, 2026 and are no longer available. Financing minimum $5,000 before tax. The lender confirms approval, eligibility, and final terms in writing. Current offers always at the promotions page.
We don't lend the money ourselves, and we're not a bank. HBW arranges eligible applications through DealerPlan and participating Canadian lenders. The current headline program is through TD Auto Finance; the signed lender disclosure identifies the actual lender and controls the approval and terms.
What that means for you in practice:
- Qualified buyers may be eligible for $0 down. The lender confirms any required down payment.
- The minimum eligible purchase is $5,000 before the DealerPlan fee. Approval and the amount financed are lender decisions.
- The active TD contract term is up to 60 months. Payment examples may use amortization up to 240 months, which can leave a balance due at maturity.
- Application timing and the credit decision come from the broker and lender. Apply before committing to an installation date and wait for the written decision.
- Pre-qualify before you commit. You can get approved and know your number before you sign anything or take the boat.
You apply once, the broker does the shopping, and you get an answer. That's the whole machine.
The rate, in plain English (and what "promo rate" really means)
This is where most financing articles get vague, so let's be specific.
The current headline financing rate is 5.48% APR on approved credit through December 31, 2026. It is not an approval promise. Eligibility, lender, contract term, amortization, amount financed, and any balance due at maturity are confirmed in the written disclosure. Check the promotions page for the current program dates before applying.
Now, the word "promo rate" gets thrown around a lot, so here's the honest distinction:
- The current headline rate (5.48% APR) is the active HBW program shown on the promotions page, subject to approval and program terms.
- A separate seasonal offer may apply only to eligible models, purchase dates, contract lengths, or applicants. Use the dated offer and signed lender disclosure rather than an example rate from an old article.
The practical takeaway: the rate you see in our quote builder and on our promotions page is the live one. We don't bury an old number in a blog post and let it rot. Which brings us to the question everyone actually has.
"How do I know the rate I'm reading is still real?"
Fair, because half the financing pages on the internet are quoting rates from two years ago. Here's how we keep it honest:
- The rate shown above (5.48% APR) is pulled live from the same source that drives the monthly-payment math in our quote builder. When the rate changes, that number changes everywhere automatically. It is not typed into this article by hand.
- Active seasonal promotions live on one page: mercuryrepower.ca/promotions. If Mercury Canada has something running that beats the standing rate, that's where it shows up, current and dated.
- A site quote shows the current estimate for the selected amount and amortization. The approved lender offer and signed disclosure control the actual rate, payment, contract term, and maturity balance.
For a current estimate, build the quote and check the dated promotions page. For the binding credit terms, use the approved lender disclosure.
What your monthly payment actually looks like
Payment depends on the amount financed, APR, and amortization. The contract term can be shorter than the amortization, which means a balance may remain due at maturity. Compare the payment, total borrowing cost during the contract, and maturity balance together.
Rather than print example payments that go stale the day the rate moves, we built the math into the site. Every motor on mercuryrepower.ca shows an estimated monthly payment right on the card, and the quote builder lets you slide the term to see how the payment changes for your boat and your price at today's rate. That's a more honest number than anything we could hard-code here.
Ask the lender to show the alternatives in writing. A shorter amortization generally raises the payment and repays principal faster, but prepayment rights and every contract-specific term come from the signed disclosure.
The fine print we'd rather you hear from us
Two things we put on the table up front, because finding out at signing is no fun:
The DealerPlan financing fee is $349. It's added after tax on every financed deal. It's not a surprise and it's not negotiable away; it's the broker's fee for arranging the loan. We tell everyone before they sign. Factor it in.
"OAC" means on approved credit. The lender reviews the application and may approve, decline, request more information, require a down payment, or offer different terms. HBW cannot promise an outcome in advance.
Dealer financing vs. the bank vs. a HELOC
People ask whether they should just go to their own bank. Honest answer: sometimes, and we'll never talk you out of a better deal.
- Through HBW: an eligible application is routed through DealerPlan and participating Canadian lenders. Qualified buyers may be eligible for $0 down; timing and terms depend on lender review.
- Your own bank or line of credit: if you've got a strong relationship and they'll beat the marine rate, take it. A secured line of credit or HELOC can sometimes come in lower. The downside is it's on you to arrange, and it ties up your borrowing room.
- HELOC specifically: often the cheapest money if you have home equity and discipline. Just remember you're securing a boat against your house, which is a personal call, not a financial one we'd make for you.
We're genuinely fine if you finance elsewhere. We'd rather you get the right boat on the right terms than squeeze a financing fee out of you.
What helps you get approved
Nothing exotic. The lenders want to see that you can carry the payment. A few things that smooth it out:
- A clean recent credit history (no fresh defaults or collections).
- A payment that's reasonable against your income.
- For bigger repowers, a slightly shorter term can actually help the approval, because it lowers the lender's risk.
If you're not sure, review the application consent and ask whether the lender check affects your credit before submitting. Wait for the written result, then compare it with other borrowing options.
Financing and your warranty stack together
Worth knowing, because people assume it's either/or: financing and bonus-coverage offers are separate programs. If an eligible bonus-warranty promotion is active, financing does not automatically cancel it, but the terms of both offers still control. Ask us to confirm every active benefit on the quote.
Common mistakes
- Assuming approval, timing, or a down payment before the lender responds. Wait for the written result before booking around the financing.
- Chasing the longest term for the lowest payment. Lower monthly, more interest overall. Pick the shortest term you're comfortable with.
- Forgetting the $349 fee in your budget. Small, but real. Build it in.
- Trusting a rate you read in an old article. Rates move. Use the live number in our quote builder or on the promotions page, not a figure someone typed last year.
- Comparing only the monthly payment. Also compare the amount financed, DealerPlan fee, total borrowing cost during the contract, and any balance due at maturity.
Why finance through HBW specifically
We're a family marina with Mercury-focused tooling, parts support, rigging, water testing, and service right here on Rice Lake (service is drop-off at Gores Landing, we do not deliver). Financing through the same shop that installs and stands behind the motor means one phone number for the quote, application, rigging, and later service. That continuity is worth weighing alongside the written rate and terms.
Ready to see your real number?
The fastest way to estimate a payment is to build a quote using the current rate, selected amount, and amortization. Treat it as an estimate; the approved lender disclosure supplies the binding terms.
