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Old 03-24-2007, 04:14 AM   #1
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Join Date: Mar 2007
Location: Valencia, CA
Posts: 137
06 300 eagle xp, 496 HO's
would like to purchase a boat

hi everyone

Well its gonna be summer time in no time and I think I could afford a nice boat... financed ofcourse. Ive read thru some threads and noticed the possibility of getting 20 year loans which im sure could get me into a nice cool lookin one. I dont have any boat experience only been on friends boats but I want my own. So lets say with maybe 10k down and a lets say 700 credit score what would I be looking at a month for a 100k-150k boat ? Im hoping to get myself into one within the next month so im going to be doing some research and I hope to meet some of you and I will appreciate the help/advice!.

thanks
George
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Old 03-24-2007, 07:51 AM   #2
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Quote:
Originally Posted by FOXMXPSYCHO View Post
hi everyone

Well its gonna be summer time in no time and I think I could afford a nice boat... financed ofcourse. Ive read thru some threads and noticed the possibility of getting 20 year loans which im sure could get me into a nice cool lookin one. I dont have any boat experience only been on friends boats but I want my own. So lets say with maybe 10k down and a lets say 700 credit score what would I be looking at a month for a 100k-150k boat ? Im hoping to get myself into one within the next month so im going to be doing some research and I hope to meet some of you and I will appreciate the help/advice!.

thanks
George
Hi George,

Figure on $5.42 per $1000 dollars financed to help you get an idea of what your monthly payment will be.

Call me on my cell anytime to discuss your options
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Old 03-24-2007, 02:22 PM   #3
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George,
Unfortunately a payment factor of $5.42 per $1000 would mean a rate of 2.75% on a 20 year loan which would be nice but entirely unrealistic. A more realistic figure would be around $7.46 per thousand financed. Let me know if you have any additional questions or if I can help. Thanks.
Kyle
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Last edited by Loan Ranger : 03-24-2007 at 04:09 PM.
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Old 03-24-2007, 03:48 PM   #4
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Originally Posted by Loan Ranger View Post
George,
$7.46 per thousand financed.
DAMN! I hate typos early on a Saturday morning!

$7.42 is what I meant - my bad!
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