Offshoreonly.com - Boat is sold...well is it?

Offshoreonly.com (https://www.offshoreonly.com/forums/)

- General Boating Discussion (https://www.offshoreonly.com/forums/general-boating-discussion-51/)

- - Boat is sold...well is it? (https://www.offshoreonly.com/forums/general-boating-discussion/242254-boat-sold-well.html)

Schweeng

11-10-2010 01:09 PM

Boat is sold...well is it?

I have a deposit but the buyer can't find anyone to finance it.
2004 boat under 55k....seems to be the problem. 5yrs and newer and over 100k seems to be doable these days.

Anyone know of finance companies funding on 6yr old boats that are under 100k??? Help!!!

Sea-Dated

11-10-2010 01:16 PM

Check with local Credit Unions. They will usually only do NADA value though but would be worth checking in to. Local bacnks are usually more flexible than the national chain banks.

SVL-WARLOCK

11-10-2010 01:47 PM

Call kyle at trident funding. 6092614446. He can get it done if the score is 700 or higher. 10 tears old and newer. Tell him Andy sent him from Professional Boat sales

Chris

11-10-2010 02:59 PM

Jason Fox
Coastal Financial
1157 South Shore Dr.
Holland, MI 49423

p. 616.494.2628
f. 616.494.2629

DaveP

11-10-2010 08:04 PM

Sounds more like a credit problem than a boat problem. All of the national lenders will lend on a boat under $100k that is 6yrs old.

bert4332

11-10-2010 09:11 PM

Quote:

Originally Posted by DaveP (Post 3250812)

Sounds more like a credit problem than a boat problem. All of the national lenders will lend on a boat under $100k that is 6yrs old.

I concur with Dave, as the score decreases, the cash down increases. Offshore Financial did mine and they'll do my next boat too. I would send out feelers with all of the above mentioned companies, he should know his credit score, see who will give a deal, then fill out an application, that way you only waste one credit inquiry. Matt is easy to work with, [email protected]

barron

11-10-2010 09:24 PM

You are still a happy boat owner.:drink:

gofastrick

11-11-2010 05:24 PM

A home equity line of credit sounds like the way to go if you can.

All times are GMT -5. The time now is 11:22 PM.