Boat Financing

[zeezer]

My wife & I have decided to lick the stamp & purchase a new boat!
We will need to finance 60-65k of a $72k vessel. Who did you guys go thru? Best rates, service, easy to deal with? I have a few leads, but I respect the opinions of the more experienced folks on this site.

Thx, Nick 8)

 

[tashasdaddy]

Re: Boat Financing

my credit union has been the best i found.

 

[roscoe]

Re: Boat Financing

You'll be upside down (owe more than it is worth) in that loan for a long long time. Don't expect great rates or terms on a loan, if you are going to be upside down. Better to find a cheaper boat, or more down payment.

 

[zeezer]

Re: Boat Financing

roscoe,
you're right. will probably be putting more down than stated. We won't be up side down, I hope. We are getting a smoking deal on a 2006 from a factory dealer here (Michigan) because of a defunct dealership on the west coast. The book value of the craft with its options is 12k more than our purchase price. so we're kind of getting a used price on a brand new boat.

tashasdaddy, I tried my credit union, but they were actually higher than I have found elsewhere. thx

 

[arthat]

Re: Boat Financing

Zeezer,

As tashasdaddy states, C.U 's generally have excellent rates. I have used my C.U. and have used Boat U.S. also. Try this lin.k for a free quote for financing from Boat U.S. http://www.boatus.com/boatloans/default.asp and this for a free and quick insurance quote also from Boat U.S.:
http://www.anrdoezrs.net/click-2274038-7064504

I hope this helps

Successful Boating,

Art

 

[roscoe]

Re: Boat Financing

We want photos. d