Marine Finance 101 - What is a boat loan?
#31
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Re: Marine Finance 101 - What is a boat loan?
I emailed you Dave... Rob
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Re: Marine Finance 101 - What is a boat loan?
Originally Posted by Reckless32
What about the nuances of doing a trade-in in terms of financing?
Also - banks are pretty hip on seeing deals with trades that are inflated. Like getting $50k on a trade in of a $5k Bayliner
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Re: Marine Finance 101 - What is a boat loan?
Originally Posted by Jesse James
Thanks. what is the rate on the stated for say a 96 Sea ray 180K fico of 733 (middle) and what length term?
#34
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Re: Marine Finance 101 - What is a boat loan?
Nice job ,Dave
See you in AC, going looking for a new fishing boat.
Mike
See you in AC, going looking for a new fishing boat.
Mike
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2014 OPA-APBA National Champion Class 7 .Hauling Trash 725.
2014 OPA-APBA National Champion Class 7 .Hauling Trash 725.
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Re: Marine Finance 101 - What is a boat loan?
Good post, Dave. Is Amy Starkman with you @ Essex. I bought my boat from her at the AC show 2 yrs. ago and she was great. Ric
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Re: Marine Finance 101 - What is a boat loan?
Two questions...
Is one of the reasons that you see 3 different scores based upon the same reported info is that the "equation" used by the 3 agencies to generate a score from reported info is slightly different. Isn't it true that most often you'll find the Experian to be the lowest of the three because thier equation criteria is the toughest of the three. This is what my long time local banker told me, and has for the most part been my experience, though about 10 months ago they moved from the lowest, to the middle of my 3 scores @ 797.
Any feedback on this Dave?
Also Dave, How are Essex credit and Bank of the West affiliated? Does B of W draw thier money from Essex, or is Essex a parent of B of W? Or am I misinformed and there is no affiliation?
Bank of the West has historically had the best rates and terms for a few years now on larger money in the recreational market. I've been with them twice at great rates/terms. Presently I have 4.59% for 20 over 100K with them.
1000 posts!!!
Is one of the reasons that you see 3 different scores based upon the same reported info is that the "equation" used by the 3 agencies to generate a score from reported info is slightly different. Isn't it true that most often you'll find the Experian to be the lowest of the three because thier equation criteria is the toughest of the three. This is what my long time local banker told me, and has for the most part been my experience, though about 10 months ago they moved from the lowest, to the middle of my 3 scores @ 797.
Any feedback on this Dave?
Also Dave, How are Essex credit and Bank of the West affiliated? Does B of W draw thier money from Essex, or is Essex a parent of B of W? Or am I misinformed and there is no affiliation?
Bank of the West has historically had the best rates and terms for a few years now on larger money in the recreational market. I've been with them twice at great rates/terms. Presently I have 4.59% for 20 over 100K with them.
1000 posts!!!
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Re: Marine Finance 101 - What is a boat loan?
Originally Posted by CAP071
What rates can I get on a boat 135K and I want to borrow 100K? and terms?
Non Hi Performance Boat - Over $100k 5.12% for 15-20yrs
#40
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Re: Marine Finance 101 - What is a boat loan?
Thanks DaveP I have had loans through Essex before. I want to start looking at bigger cruisers. I'm setting my borrowing at 100K I wanted an idea.
Thanks
Thanks