financing power
#1
Registered
Thread Starter
Join Date: Sep 2006
Location: Indianapolis, IN
Posts: 482
Likes: 0
Received 0 Likes
on
0 Posts
financing power
Can anyone direct to a engine builder that has financing and will stand behind what they build? I'm looking for a pair of around 800 hp motors and possibly a pair of konrad drives rigged in my boat I have a 4150 stinger with one 420hp and a 620hp now(long story) currently have borg warner trans and trs drives. thanks
#3
Registered
Join Date: Aug 2006
Location: Austin, TX
Posts: 620
Likes: 0
Received 0 Likes
on
0 Posts
Griff, who's to stop someone who buys a 60" plasma from Best Buy on credit from selling it and keeping the cash?
Red Corvette, I was under impression that some will do it by using a secondary source to extend a line of credit, like Capital One, HSBC, etc. Can't point you to any engine builders though, haven't had a boat to use one for yet.
Red Corvette, I was under impression that some will do it by using a secondary source to extend a line of credit, like Capital One, HSBC, etc. Can't point you to any engine builders though, haven't had a boat to use one for yet.
#4
Registered
http://www.govictorymarine.com/
FYI - I've never done business with them
You could also do a home equity LOC
FYI - I've never done business with them
You could also do a home equity LOC
#5
Registered
#6
Registered
I have several customers who pay when they can, however they don't get the engines until they are done. Unfortunately, I don't have the means to float a pair of engines for an extended period of time. All of my money is in parts and building a new shop for now. I do however, stand behind everything I build. I will be glad to build them as your funds allow, but that is the best I can do. Hope this helps, Eddie.
#7
Registered
Thread Starter
Join Date: Sep 2006
Location: Indianapolis, IN
Posts: 482
Likes: 0
Received 0 Likes
on
0 Posts
Seems like builders would realy benifit from there own in house financing like most merchants have done to sell there stuff. Seems like you could put a lean on the boat,car, whatever.They make high end credit cards with no colateral,just cant afford the interest on 20 or 30k or a 30 day note. thanks guys...
#8
Guest
Posts: n/a
Seems like builders would realy benifit from there own in house financing like most merchants have done to sell there stuff. Seems like you could put a lean on the boat,car, whatever.They make high end credit cards with no colateral,just cant afford the interest on 20 or 30k or a 30 day note. thanks guys...
You'd have to be a damn fool to finance high perf. marine engines if you ask me but then again maybe if someone has a couple
#9
Charter Member # 55
Charter Member
Griff, who's to stop someone who buys a 60" plasma from Best Buy on credit from selling it and keeping the cash?
Red Corvette, I was under impression that some will do it by using a secondary source to extend a line of credit, like Capital One, HSBC, etc. Can't point you to any engine builders though, haven't had a boat to use one for yet.
Red Corvette, I was under impression that some will do it by using a secondary source to extend a line of credit, like Capital One, HSBC, etc. Can't point you to any engine builders though, haven't had a boat to use one for yet.
Nobody, but Best buy isn't taking the risk. HSBC retail services is. Thats who Best Buy uses. They can spread the risk with 1000's of purchases. Personally, I don't think its a good idea for engine builders to get into the credit thing. They can't spread the risk enough and I'm sure finance companies would see it the same way.
If you need to borrow for power, then you should refi the boat or get a heloc. Not to mention, how long would 800hp/60k engines last before they need rebuilt???? Not long enough to pay them off.
Last edited by Griff; 01-22-2008 at 12:06 AM.
#10
Registered
Can anyone direct to a engine builder that has financing and will stand behind what they build? I'm looking for a pair of around 800 hp motors and possibly a pair of konrad drives rigged in my boat I have a 4150 stinger with one 420hp and a 620hp now(long story) currently have borg warner trans and trs drives. thanks