Boat Loan Questions?????????????
#1
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Boat Loan Questions?????????????
Im lookin for info, what kind of rates for someone with not so good credit lets say a 580 credit score. My question is what kind of rates and what terms are avalible for a $50,000 boat loan. 10,15,20 years what terms are avalible, and the type of intrest rates will they be able to get. This is truley for a friend not me, My credit is perfect, but a friend is lookin to purchase a used boat. Hope for some good answrs from all my offshore buddies, thanks sonic31
#3
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Location: Brick, NJ & Bonita Springs, FL
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Re: Boat Loan Questions?????????????
Here's a link to a thread posted by Dave Patnaude of Essex Credit. This should answer your questions.
http://www.offshoreonly.com/forums/s...ad.php?t=95112
http://www.offshoreonly.com/forums/s...ad.php?t=95112
#6
Re: Boat Loan Questions?????????????
Unbelievable god dam banks. I have to pay off the former administration
X wife and the the banks wont loan money on a boat thats paid for.
If I was buying it from some bum down the street they would be happy ?
I found one bank quoted 8.8 % . Thats bull**** I borrow money at 5 % all the time for real estae deals.
X wife and the the banks wont loan money on a boat thats paid for.
If I was buying it from some bum down the street they would be happy ?
I found one bank quoted 8.8 % . Thats bull**** I borrow money at 5 % all the time for real estae deals.
#7
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Re: Boat Loan Questions?????????????
There are a couple people doing VERY good loans, I know I just got a no doc done for myTiger purchase, Melanie Jolles at Beacon Marine credit got my business. Dave at Essex did a great Job, unfortunatly his bank wanted a higher rate. He was a true pleasure to work with as well. With your friends score, the rate may be different, but still either of these 2 people will do whatever they can to help you.
One thing I will say though, is people some times will try to hold lenders at fault for the individuals credit. Thats not fair and it shouldnt happen that way. People are responsible for paying their own bills on time, and a credit report and people like Melanie and Dave are only working with what was handed to them. So keep this in mind when you are dealing with them and I'm sure you'll get much further. I'll post Melanies number and email when I get to my shop, if anyone has any questions feel free to PM me...Rob
One thing I will say though, is people some times will try to hold lenders at fault for the individuals credit. Thats not fair and it shouldnt happen that way. People are responsible for paying their own bills on time, and a credit report and people like Melanie and Dave are only working with what was handed to them. So keep this in mind when you are dealing with them and I'm sure you'll get much further. I'll post Melanies number and email when I get to my shop, if anyone has any questions feel free to PM me...Rob
#9
Re: Boat Loan Questions?????????????
MUST talk to Robin Harris at www.thedonedeal.com
She has taken good care of me and several others this year.
She has taken good care of me and several others this year.