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Financing an older boat

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Old 06-02-2006, 09:21 AM
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Default Re: Financing an older boat

I just bought a 92 Outlaw, and went through my local credit union. Got a great rate, and went very smooth. I would try checking in to that if you have a local credit union you belong to.
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Old 06-02-2006, 10:24 AM
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Default Re: Financing an older boat

If you go with a longer term to keep payments down, you can always pay xtra$, and that will go directly to the principle. You will have a higher rate because of the age of the collateral and the smallish borrowed amount.
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Old 06-03-2006, 07:39 AM
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Default Re: Financing an older boat

I sold an 84 for roughly 28 000$ US on 15 years it was financed with a regular bank... at 8.25%
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Old 06-03-2006, 12:18 PM
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Default Re: Financing an older boat

Thanks for all the info. sounds like I need to do a little more homework, payoff could be a much better interest rate.

again thanks for everyones input

Speed
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