Older boat financing?
#1
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Join Date: Feb 2001
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Older boat financing?
A friend of mine would like to purchase an older model boat (1987)...anyone know who is willing to finance a boat that old?
#2
I bought a 1987 with no problem from my credit union. (I think you have to have good credit to finance one that old though)
I even got 5.9% financing. I didnt think I would have a problem financing one that old, but i didnt think the interest rate would be that cheap
I even got 5.9% financing. I didnt think I would have a problem financing one that old, but i didnt think the interest rate would be that cheap
#9
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Try Firstmerit Bank 1-800-261-2134 or 1-888-554-4362.
Word of caution. Get a survey done and make sure that you can get insurance on the boat. Some insurance carriers require it on anything older then 10 years.
Cordell
Word of caution. Get a survey done and make sure that you can get insurance on the boat. Some insurance carriers require it on anything older then 10 years.
Cordell