boat financing
 

Anyone offering financing for 30 year term on loan amount over 150,000.00.Any info much appreciated.

Re: boat financing
 

call Melanie Jolles at Beacon Marine Credit, 866-523-2266 Tell her Rob sent ya

Re: boat financing
 

DITTO Tell her Capo sent Ya, who was sent to her by Rob :D

Re: boat financing
 

Had 6 boat loans she was the best

Re: boat financing
 

Just look up ^ at the top of this page.

I just went thru Newcoast Fin. I couldn't believe how easy it was, I just filled out the online app. and the next day they called and said I was approved, next they FedExed the paperwork that I signed in front of a notary and sent it back, the next day they called and said the money was wired into the owners account and I could go and pick up my new boat. :D

Re: boat financing
 

By the way Steve I told them I got there name off from the OSO web site, they said they got alot of business from OSO members.

Know that I think about it...
I found the boat on OSO
Found the financing on OSO
Found the insurance off OSO
Steve, do you have a deal on gas now?

Re: boat financing
 

30 years :eek: you would be up sidedown on the boat value quickly, and me I might be in a wheelchair by then :D

Re: boat financing
 

Do you have a name and number for the person you dealt with?

Re: boat financing
 

Melanie Jolles at Beacon Marine Credit, 866-523-2266 was the same way. She even had my boat Coast Guard documented also. I was approved and picked up my boat on a 125K loan 5.75% in 3 days flat. Yet there was 3 other loan co's that said no on my loan go figure.

Re: boat financing
 

Gsmith,
You can reach me at 866-639-2627 x46 or at [email protected]
Kyle

JB4 - thanks for the referral!!

Re: boat financing
 

30 years?

Re: boat financing
 

My max term is 20 years.

Re: boat financing
 

That's what I thought. Didn't know if someone was actually writing 30 year marine loans. You never know these days. With 40 year mortgages and talk of 50 year notes......all bad signs for the economy.

Re: boat financing
 

newcoast!! working with kyle (loanranger) and scott great rates and service even great price on coast guard documentation , also can't go wrong with a fellow sonic owner either !!!

Re: boat financing
 

don't forget 84 months on a car/truck.. i'd go 50 on a home but no boat/car/truck.. house i can get back out of..

Re: boat financing
 

Just got my loan from Scott at Newcoast. Very simple. 2 day turnaround. Good rate. Coastguard doc.

Re: boat financing
 

I can get you 25-30 yrs., but it's tough to get for a performance hull...you wouldn't be buying a big cruser would you?
Hugh Pollock
410-827-0200

Re: boat financing
 

Ooops...I meant "cruiser".

Re: boat financing
 

I'm wondering do any lenders who cater to the marine market finance boats for commercial purpose (eg a parasail boat) I'm looking into purchasing an additional boat and adding a location to our business in NC. I know pleasure boats financed through marine lenders give you great rates and great terms, I just hate the thought of dealing with a lender who has no clue about boats and trying to get a business equipment loan to pay for a $135,000 boat. I'm just wondering if any of the minds here have some insight on this.

The business here is only really 4-5 months a year so the longer terms would allow more flexible cash flow options. Most operators simply pay thier payments for 5 years or so and then sell the boat and finance a new one. Having a coast guard inspection and diesel power a well maintained boat holds its value extremely well and there is a huge market for used boats with a COI.

Re: boat financing
 

Sorry, none of my banks would do a commercial boat.
Kyle