Rates are typically going to be in the high 6% to mid 7% range with good credit and a reasonalbe down payment of at least 10%. They are simple interest, fixed rate with no prepayment penalities.
Quote:
Originally Posted by rittsbaja25
just checking to see if anyone knows what the current lowest boat loan rates are.. i want to try and find as low as possible, but also looking at length in term, like 10 yrs or so.. im selling my boat, thinking on paying off my truck and using the rest towards the boat and then getting a loan for the rest. not sure if this is smart but its a option.. loan amount kinda depends but i know i dont need more than $50K so thats a factor, any ideas? boat loan people, banks, etc... thanks
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