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-   -   what the interest would be on a loan? (https://www.offshoreonly.com/forums/general-boating-discussion/14748-what-interest-would-loan.html)

Rico 01-22-2002 09:42 PM

what the interest would be on a loan?
 
Ok what would the interest be on a 1996 31 sonic, and also how long could I finance for.(60,000) help, thanks Rico

liquid asset 01-22-2002 09:46 PM

15 years@ 7.5%

Rico 01-22-2002 09:51 PM

liquid asset can i do 20 years at the same rate, thanks Rico

Griff 01-22-2002 10:05 PM

Most 20 year financing I've ever seen is for $100,000+ loans only especially on used.

NASDBOY 01-22-2002 10:24 PM

I just financed my boat off the internet, It was a pain in the a$$ , but for 65k I got 7.5 for 15 years. For me to get the 6.25 at 20 years it had to be over 100k. the bank also required the boat be checked by a certified marine surveyor(300.00), and I had to have the boat coast guard documented(500.00).

Very long process.... :p would never do it that way again.


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