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-   -   Any performance boat lenders out there (https://www.offshoreonly.com/forums/fountain/263588-any-performance-boat-lenders-out-there.html)

253 10-07-2011 07:48 AM

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Newcoast Financial has been very nice to me, easy ,painless deal,
will finance older boats, good rates, have done the last 2 deals with the same guy, no problems at all.

Wildman_grafix 10-07-2011 08:39 AM

What do you guys think a good rate is?

I am at 7.25% and think it is high. It's the only thing we owe on, credit score is 820.

T-RAV 10-07-2011 12:53 PM

As of two months ago newcoast wouldn't finance my 99, I will say I don't Remeber if it was because of the age or dollar amount.

lslavick 10-07-2011 01:29 PM

+1 for Newcoast Financial. Just financed mine about 2 months ago. Great to deal with!!!

mcprodesign 10-07-2011 01:31 PM

I am working w New Coast. They are spending a lot of time with me. Minimum " performance boat" loan is 50 grand plus 30-40 percent down

Quinlan 10-07-2011 04:10 PM

Pizz on B of A. Wouldn't do my Cig. Had 50o/o down.
I said start writing me some checks cause I am closing all my accounts.
It was 3yrs ago right in middle of all the chit.

CraneHillFast 10-07-2011 06:48 PM

Credit union. Just did it 3 weeks ago. Traditional banks all suck, period.....

mcprodesign 10-08-2011 11:43 AM

New Coast won't do it. Not even w 40 % down on a 80 grand boat. Have a credit union looking at it now.

RiReuter 10-08-2011 11:49 AM

Wow, they wouldn't do 40% down on 80k, that's rough. I am a union pipefitter and we have our own credit union, they never bat an eye at anything i want to buy, just sign and hand me a check, most of the time with zero down and very good interest rates(credit score in the 720 range), but i am sure they would want 10-20% on a boat. Haven't talked to them about it yet because i am not ready to pull the trigger until next spring. Good luck with finding someone!

mcprodesign 10-08-2011 01:35 PM


Originally Posted by RiReuter (Post 3522737)
Wow, they wouldn't do 40% down on 80k, that's rough. I am a union pipefitter and we have our own credit union, they never bat an eye at anything i want to buy, just sign and hand me a check, most of the time with zero down and very good interest rates(credit score in the 720 range), but i am sure they would want 10-20% on a boat. Haven't talked to them about it yet because i am not ready to pull the trigger until next spring. Good luck with finding someone!

I hope I can give someone an interest payment every month. I really have good credit


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