he say's it's an open bow . and i would think there are seat's up there , so wouldn't that make it a Bow rider :)
maybe a fast one but can still be considered a bow rider ,
you no how it work's , same thing goes on for insurance . it's called loop-whole's .

QUESTION , so what make's a boat a performance boat ?
is it top end speed ?
and what would that speed need to be over to make it a high performance boat ?
so let just say anything over 60 mph is considered high performance and insurance rate's are almost double on these type's of boat's .
then you have the guy's that buy CC boat's that run 70 mph + and instead of calling them performance boat's the insurance guy say's it's a cc fish boat and you pay half price for insurance . this goe's on everyday , i guess it's like the glass is half empty or is it half full .
the reason for this i have been looking at different boat's some known performance boat's and other's that are cc " sleeper " boat's :). they both run the same speed upper 70's but since the cc is not listed as a performance boat i can get a loan with 15 % down instead of 50% for the performance boat and when i check with my insurance guy same goes for that more then double for the so called performance boat even thow the 2 boat's run the same speed ?
so what make's a performance boat a performance boat ?

thank's
mike

Performance Boat ?
 

The boatbuilders website and ads in various performance boat magazines are one way to get the answer.

By that logic sellers should just start calling 46 Skaters large fiberglass pontoon boats then getting loans should be easy. :drink:

I guess to the moral of this story is, if you are going to own a fast boat that makes thousands of horsepower and you can't even fish out of it or spend the night in it, you should just pay cash and not ask anyone to finance it or loan money on such a toy.

I would never make such a loan to someone, so why even think about asking anyone else to. :eek::eek:

Technically, but most lender's loan policies are not that specific. It is really up to the loan officer to do their homework. Loans above a certain threshold should require some sort of collateral verification. If not, shame on the lender.

I would say hull plus brand plus HP. Somebody with a CC might go 70 but chances are they just fish and dont do wild and crazy crap(although I bet they do)

Does anyone know if you can even get a 20 yr performance boat loan in this day and age? If so what would the intrest rate be and how much money down is required or what % down?

So what kind of rates are you guys getting, I would love just to lower mine from the 7.25%

I hate that high of a rate.

6% for 12 years on a 2002 model.

I don't feel like it's my job to classify my boat to a lender (or insurance company for that matter). They have all the serial numbers, Hull ID, etc. They should set their own policies on what they will lend on or insure and for how much. If they don't know any better they should be in the business.

I have 6%.

Actually, then I have a fiberglass TRI-toon dcb
:party-smiley-004: It does have seating for 10 :)

Who is that through, 6% would be great and at that rate I could reduce the years.

Same for you Baja,

If you guys don't mind.

Mine is with Commerce Bank in KC, Missouri. 1-800-440-9827 went thru a Fountain dealer at the lake, not sure if they had any pull or not.

Mine is a 15 yr through Us bank.

Thanks I'll get a hold of them next week and see.

I see all you v-hull guys have finance deals. Is it just cats they do not want to loan on? Are being discriminated against?

Not sure about the loan part for a cat but you are being discriminated against when it comes to insurance.:drink:

If I remember correctly US Bank would do up to 15 yrs and 90% of NADA. Can be tricky. Some loan depertments will not take trailers, options and engine upgrades into account. I put almost 40% down and had to have it documented. I've also had 4 boat loans with them over the last 12 years. I think that helps me too. I went with 15 yr because I know I will not keep it that long and rates weren't but 1% better for a 5 yr term.

Dan,
there is quite a difference between my "cruiser" and your rocket.:drink:

My bank doesn't do boat loans anymore. A couple of years ago I could get anything I wanted on my good credit and signature. Those days are gone.

Yep. Few do anymore. I design and install computer networks for banks that are too small to have their own IT department. Savings and loan, family operations. Of the 120 plus clients I have in 19 states, none will do a boat loan. Larger regional or even national banks wont loan on anything older than a few years. Which doesn't make a ton of sense to me. Once newer boats take a large depreciation hit they level off for a long time.