Boat & RV Financing for New, Used, Refinance and Re-Power
Coast Guard Documentation and State Titling Services
Yacht Insurance
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Finance your new purchase with the Sterling Acceptance Team
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What an amazing year 2018 has been, and just as great were the fall boat shows! As many years before, we exhibited in the Trawlerfest, Annapolis Sailboat & Powerboat Shows, Newport International Boat Show and the Ft. Lauderdale International Boat Show this Fall; all of which proved to be very successful. We experienced a great turn out at each show; a positive outlook for the Spring 2019 market!
The weather held out for us at every show, which always leads to a more pleasurable time for all. Sterling Acceptance was able to offer on-site loan & documentation guidance from our sales managers and documentation specialists who attended each show.
Every year Sterling Acceptance strives to get our customers the
lowest rates
, most flexible down-payments, and longest terms. We work hard to provide customized loan packages that suit our customers individual needs, and we hope we were able to do that for you this season!
Look out for us at the upcoming Miami Boat Show &
New England Boat Show in February 2019!!
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Take the Time to Winterize
Dave Trostle, VP of Sterling Acceptance and Licensed Yacht Insurance Agent with Global Marine Insurance
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When the smell of pumpkin spice lattes leave the air, it’s a good time to start thinking about winterizing your vessel. For those of us not lucky enough to have year round boating seasons, yes the Northeast envy's you, it is extremely important to take the time and prep your boat for the winter months.
An all too common thinking, “why put time and money into a boat that you're not going to use for months”, may be a big mistake. You could find that waiting too long to do so can be extremely costly. Winter can be tough on your boat and some of the damages can include cracked engine blocks, damaged fiberglass, split hoses and sink-age after the first thaw.
Dave Trostle, owner and Vice President of Sterling Acceptance Corporation, offers a few useful tips on boat winterization.
Click
HERE
for the full article.
For any insurance needs, please contact Dave Trostle, a licensed Yacht Insurance Agent through Global Marine Insurance, at 410.268.1545 or email
dave@sterlingacceptance.com
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Tax Facts You Want to Know
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TAX. Not a word many are fond of, but paying tax is a necessity in the world we live in. We thought giving you some extra knowledge on the popular topic may be helpful…
It should be noted that tax payment, also known as excise tax or use tax, depends on where you keep and use your vessel the majority of the time. The tax percentages range from 0% (the oh so lucky ones) to 10% of the
purchase amount.
Keep in mind that a county tax may be applicable depending on your state and would be an additional expense.
Once you have calculated the tax money owed to your state, the next step should be to know WHEN this is due. Every state can be different, and an additional penalty (sometimes with interest) can be added to your grand total if not paid on time. This time frame is typically 30-60 days from the date of sale or entry into the state of use, so knowing this time frame prior to buying your vessel is helpful.
Some states are tax free... don't all move at once! Those states as of December 2018 are Delaware, New Hampshire, Oregon, and Rhode Island. A few states are merciful and have tax caps, which can be changed at any time. For example, Maryland has a tax cap of $15,300, so no matter how much you pay for the vessel, you'll never have to pay more than $15,300 in sales tax. Again, not all states have a tax cap.
We realize this is A LOT of information but don't panic,
Sterling Acceptance professionals can help you every step of the way, whether your financing or paying cash for your purchase. Contact us anytime via phone or e-mail if you have questions about your state specifically. We will help you to the best of our ability or at-least get you in the right direction!
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Katherine Henard
Documentation Specialist
410.268.1545
800.525.0554
410.268.3755 fax
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Sterling Acceptance 2018 Annual Meeting
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Owners, Karen and Dave Trostle held the annual Sterling Acceptance employee meeting in August upon the "Sterling Lady". Our nationwide sales team members came to Annapolis, MD for the week to conduct training, meetings, and of course, go boating!
Sterling strives to always give customers our best, and find this meeting allows us the chance to work as a team, collaborate ideas, and synthesize on how we can improve.
You can rely on the Sterling Acceptance team to be up-to-date on the latest loan programs, documentation requirements, titling, and insurance needs.
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Keep your valuable asset safe from
theft all year long
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Kim Kavin, reporter for
Soundings Magazine,
recently published an article about Bruce Marx and his FaceBook page, “South FL Marina and Boat Watch Group”. Marx created this group after his chartplotter was stolen off of his boat while visiting a marina in South Florida. In just 7 short months the group has more than 8,000 members and has assisted law enforcement to catch countless thieves. This group, like many others, offer tips and suggestions for the prevention of boat theft.
BoatUS Magazine recommends keeping an inventory of all gear, specifically, name, make, model, serial numbers, and description. Additionally, some insurance companies require digital photographs of all of these items, so it could be useful to take these photos and store them. Other tips include securing your trailer so that it is not easily movable, locking outboard motors with transom bolts and removing all portable valuables from the boat.
Year round thief is common in the southern and west coast regions of the United States. Where as winter months account for most of the Northern and Mid-Atlantic regions thief. Criminals are known to board winterized vessels in hopes of stealing equipment and gear.
Read more about boat protection in Dave’s winterization tips!
References:
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National Marine Lenders Association (NMLA) 2018 Annual Conference
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Sterling Acceptance Corporation has been an active member in the National Marine Lenders Association for years. Our President Karen Trostle teaches new lender employees at their annual NMLA Workshop. She is also Past President of the NMLA Board of Directors, representing from 2008-2012.
Karen, Dave, and Matt attended this years conference in Traverse City, MI. Networking, industry updates, and market trends are always top priorities for us, and we synthesize that information to pass it along to our customers.
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Message from Our President
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Friends, Dealers and Clients:
As 2018 comes to a close & Sterling Acceptance wraps up its 31
st
year in business, I reflect on what a successful year it has been.
The market continues to hold strong and lenders are eager to put Marine & RV loans in their portfolio. Rates are attractive and credit granting criteria remains fairly liberal. The fall boat shows demonstrated promise for a successful Spring 2019.
Our success would not be possible without the relationships we’ve built with lenders, brokers, and customers; so I sincerely thank you. Our team is ready to serve your Boat and RV needs now, so give us a call today and let us help you make your dreams a reality!!
Call
800-525-0554
for the LOWEST RATES!
I wish all the best to you and your loved ones this Holiday season and pray you have a prosperous 2019!
Best Always,
Karen
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Winter Contest
We want to hear from
YOU!
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The Sterling Acceptance team values each and every relationship we have with our customers, that's why we want to get to know you more!
We are looking for our customers to tell us
why your Boat or RV means so much to you!
Whether that be your present boat or a previous boat. We would love to hear your story and see pictures as well!
Your story may be featured in our next newsletter!
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Honorable Mention of our Summer Contest Winner!
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Renew Your Registration Online!
Maryland DNR
Vessel Registration Now Available Online!
A self service option of registration renewal is now available through the Maryland Department of Natural Resources website. When registering online, boaters will receive a temporary registration to use while their renewal is processed and sent through the mail.
Click the link below to learn more.
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From everyone on the Sterling Acceptance Team, we wish you a Merry Christmas and Prosperous New Year!
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Contact Your Local Sales Representative Today!
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Corporate Office
Annapolis, MD
410.268.1545/800.525.0554
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Matt Brown
Corporate Sales
410.991.7686
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Peggy Bodenreider
California Sales
714.473.8523
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Mary Ann Savage
Northeast Sales
617.633.8287
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Susan Cunningham
Florida Sales
941.794.1600
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Kate Hamill
Mid-Atlantic Sales
410.703.8949
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STERLING ACCEPTANCE CORPORATION
ANNAPOLIS, MD 21401
410-268-1545 | 800-525-0554
410-268-3755 Fax
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