Last reviewed: 2026-06-06 > Quick answer: Yes, you can finance a Mercury repower in Ontario. The amount financed is the installed cost of the repower (motor, rigging, controls, labour) minus any trade-in credit and down payment. Build your installed-price quote at...
Last reviewed: 2026-06-06
Quick answer: Yes, you can finance a Mercury repower in Ontario. The amount financed is the installed cost of the repower (motor, rigging, controls, labour) minus any trade-in credit and down payment. Build your installed-price quote at mercuryrepower.ca first, then decide whether to finance or pay cash.
Can you finance a repower? Yes. Here's what it actually costs.
Financing a motor repower works the same way as financing most marine purchases in Ontario. You apply, get approved, and the amount financed is the installed cost of the repower, new motor, rigging, controls, and labour, minus any trade-in credit and down payment.
This page gives you real numbers, not a "call for details" brushoff.
What rates look like right now
Financing runs through our broker, Dealerplan Peterborough, on TD Auto Finance's "Always On" program: currently 5.48% APR OAC, available through December 31, 2026. That is the headline rate today, not a teaser.
OAC means "on approved credit." Your actual rate depends on your credit score, loan term, and the amount financed. We do not control the lending criteria, the lender does.
What monthly payments actually look like
Let's use real math.
Example: Mercury 90 ELPT FourStroke
- Motor price: $14,960 (our current selling price, listed at mercuryrepower.ca/pricing-reference)
- Rigging, controls, and install: quoted per boat in the configurator, so your installed number is exact, not estimated
- Less any trade-in credit on your old motor
- At 5.48% APR, that 90hp motor works out to roughly $103/month on the same payment basis as our monthly payment guide
A trade-in or down payment drops the financed amount and the payment with it.
These numbers change when rates change. The configurator at mercuryrepower.ca always reflects current pricing, use it to build a quote based on your actual motor.
How to apply
Financing applications go through Dealerplan Peterborough, our financing broker. The process typically works like this:
- Build your repower quote at mercuryrepower.ca to get an installed price
- Contact us to confirm the quote and discuss your trade-in
- We send your quote to Dealerplan, and they contact you directly to walk through the application, approval, and paperwork
- Once approved, we schedule the repower
There is no obligation to apply before getting a quote. Many customers build the quote first, then decide whether they want to finance or pay cash.
What financing covers, and what it doesn't
Financing covers the installed repower: the motor, all required rigging, controls, throttle and shift cables, steering connection, and typically the first service. It does not cover optional accessories unless they are added to the same quote.
If your hull needs transom work, steering replacement, or electrical upgrades as part of the repower, those costs are quoted separately and can generally be included in the financing amount if added before submission.
What to know before you apply
- You will need proof of identity and income
- The boat itself may be used as collateral depending on the lender's requirements
- Rates are subject to change, the rate you're quoted at application is the rate that matters
Build your quote first, then call us about financing.
Start at mercuryrepower.ca or reach us at 905-342-2153.
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