looking to take over someone's loan 353
 

Well I’ve been looking for a 353 2005 and newer, the only problem no bank out there want's to take a loan on a used boat. So here I am, what I’m willing to do is help you get out of your loan on a 353 2005 or newer with at least 500 merc or better. I'm not interested in the upside down boats for obvious reason only something that is pretty close to the NADA value. I'm willing to look at all reasonable offers, I’m not trying to steal your boat I’m would take a fair price close to NADA...So here's what I would prefer: Any of the Imron paint designs like spider, electric etc, no black. A/C, shore pwr, full head no port a pots, trailer and fresh water hose on the swim deck not a must. If anyone is looking to get out and can’t sell well I’m looking to get in and can’t find a bank dumb enough to lend...I would make up any difference in cash up to 40K....so e-mail me at [email protected] if anybody knows someone trying to get out please pass this along...Thanks

Don't know where you're located, but I've found that US Bank will loan up to 90% of NADA. Good luck finding a decent boat priced anywhere near NADA though. Books are really skewed in the bank's favor right now. Gone are the "sign and drive" days.

Thanks, im looking at one that is financed by them right now. Well see how it goes.

Most, if not all banks/finance companies will not transfer a loan. They may write a new loan (for you), but the original loan will need to be paid off as part of the transfer of ownership.

Funny how you can't find a good boat for NADA when I ended up selling my mint 382 for well below NADA (guess that's why theirs are still for sale and I'm out in another boat this summer)

good luck!

Excellent credit and a history with the bank could go a long way. Banks would rather loan money than repo and sell a boat.