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  1. #11
    Registered DURANGOKID59's Avatar
    My Boats:
    Join Date
    Apr 2006
    Traverse City MI

    Re: Financing an older boat

    I just bought a 92 Outlaw, and went through my local credit union. Got a great rate, and went very smooth. I would try checking in to that if you have a local credit union you belong to.

  2. #12
    Join Date
    Apr 2001

    Re: Financing an older boat

    If you go with a longer term to keep payments down, you can always pay xtra$, and that will go directly to the principle. You will have a higher rate because of the age of the collateral and the smallish borrowed amount.

  3. #13
    Platinum Member Platinum Member jeff32's Avatar
    My Boats:
    2000 triple 500 efi Sonic 45
    Join Date
    Jun 2004
    St-Hyacinthe, quebec, canada

    Re: Financing an older boat

    I sold an 84 for roughly 28 000$ US on 15 years it was financed with a regular bank... at 8.25%

  4. #14
    Registered speedboatr's Avatar
    My Boats:
    97' Scarab Jet, 77' Checkmate, 87 Wellcraft Antigua
    Join Date
    Jan 2005
    Mason, Ohio

    Re: Financing an older boat

    Thanks for all the info. sounds like I need to do a little more homework, payoff could be a much better interest rate.

    again thanks for everyones input


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