High-Performance Boat Financing Still "Extremely Limited"
 

Still an uphill battle, http://speedonthewater.com/component...remely-limited.

V-hull's that run less than 100mph?? or did you mean over 100mph..

No Doubt Matt,
Just look at the auction boats on the market. Many do walk away. It is definitely bad for the guys who could make payments with 25 to 50 percent down.
Good Article.
Thanks

Still no problem with my credit union. Really pays off to have history with a particular branch and the manager if at all possible.

Will NEVER use Bank of America.

Less than 100 mph.

+1

If you are in the market or will be in the market for a performance boat make friends with a local credit before you shop. Ours also does on the spot approvals.

Another impediment to lending on go-fast boats? Historically speaking, they make poor collateral for financial institutions, thanks to unscrupulous owners who, when facing default, strip the boats of their engines—and sell them—prior to repossession.

Good read..

I know some will disagree but I prefer to use home equity.

Clear title, lower rates, tax deductable interest.

No kidding. if i could get the loan i would have a 39 top gun in the driveway.
My credit union would do it but it has to be a california registered boat, ( not to many Cigs on this coast) :(