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Boat is sold...well is it?

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Old 11-10-2010, 02:09 PM
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Default 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!!!
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Old 11-10-2010, 02:16 PM
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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.
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Old 11-10-2010, 02:47 PM
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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
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Old 11-10-2010, 03:59 PM
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Jason Fox
Coastal Financial
1157 South Shore Dr.
Holland, MI 49423

p. 616.494.2628
f. 616.494.2629
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Old 11-10-2010, 09:04 PM
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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.
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Old 11-10-2010, 10:11 PM
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Quote:
Originally Posted by DaveP View Post
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]
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Old 11-10-2010, 10:24 PM
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You are still a happy boat owner.
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Old 11-11-2010, 06:24 PM
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A home equity line of credit sounds like the way to go if you can.
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