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-   -   best financing & best rates??? what's your .02 (https://www.offshoreonly.com/forums/general-boating-discussion/11269-best-financing-best-rates-whats-your-02-a.html)

blown formula 01-29-2002 02:20 PM

best financing & best rates??? what's your .02
 
I know there is a financial link here, but your personal experience with your finance co's is very revealing.
What are the best current rates for over $50K?
Best bank or institution to deal with?
Let's hear it guys & Gals !! :D

stingray 01-29-2002 04:09 PM

Check out EssexCredit.com, they're known for brokering excellent rates/terms...

Rick

blown formula 01-29-2002 05:16 PM

I will check them out also ! Thanks...

Best rates found-
Intercoastal 7.99% 15 yrs 15% dwn

Coastal-7.02% 15 yrs. 15% dwn or 85% of appraised surveyed value

Excel 7.25/7.5% 15yrs also require survey.

Where did all the 6% money go!! To heck with this "boats are not essentials" !! they ARE required for life to exist ! :D

Any more info OSO??? not many links on the board, so.....

DaveP 01-29-2002 05:28 PM

1st Commercial
http://www.boatfinance.com/

The BEST!

rbtnt 01-29-2002 09:12 PM

30 days ago - 5th/3rd in Ohio 6.75%

C_Spray 01-29-2002 09:16 PM

If you have enough equity in your house, go for a home equity line of credit (not a home equity "loan"). I found one at 4.49% through June, then switching to prime rate plus 0% after that. Plus, no matter what boat you buy, the interest is tax-deductible because you are using your house as equity. Pay it off as fast or as slow as you want - all you HAVE to pay each month is the interest. Cool deal?

liquid asset 01-29-2002 09:17 PM

bank of america 7% 10% down


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