Like Tree0Likes

Financing an older boat

Reply
Old 06-02-2006, 10:21 AM
  #11
Registered
 
DURANGOKID59's Avatar
 
Join Date: Apr 2006
Location: Traverse City MI
My Boats: 24 BAJA OUTLAW-FOR SALE
Posts: 294
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.
DURANGOKID59 is offline  
Reply With Quote
Old 06-02-2006, 11:24 AM
  #12
Registered
 
Join Date: Apr 2001
Location: Maryland
Posts: 441
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.
Hugh
hpoffshore is offline  
Reply With Quote
Old 06-03-2006, 08:39 AM
  #13
Registered
 
jeff32's Avatar
 
Join Date: Jun 2004
Location: St-Hyacinthe, quebec, canada
My Boats: 2000 triple 500 efi Sonic 45
Posts: 6,254
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%
jeff32 is offline  
Reply With Quote
Old 06-03-2006, 01:18 PM
  #14
Registered
Thread Starter
 
speedboatr's Avatar
 
Join Date: Jan 2005
Location: Mason, Ohio
My Boats: 97' Scarab Jet, 77' Checkmate, 87 Wellcraft Antigua
Posts: 170
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
speedboatr is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
redcorvetteman3
Insurance and Finance
2
05-08-2008 11:00 PM
John.Vaught
Insurance and Finance
7
10-18-2006 12:58 PM
phughes69
General Boating Discussion
1
11-25-2003 02:11 PM
packinair
General Boating Discussion
0
09-17-2003 12:09 AM
G-Force
General Boating Discussion
11
01-12-2002 12:28 PM



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 10:10 AM.


Copyright 2011 OffShoreOnly. All rights reserved.