What kind of financing terms are out there?
#1
What kind of financing terms are out there?
Hey guys,
I generally pay cash, but I'm curious if I find a boat a little nicer if financing would be a reasonable option until my next bonus hits. I've never financed a boat, so I have no idea what terms to expect.
Thanks!
I generally pay cash, but I'm curious if I find a boat a little nicer if financing would be a reasonable option until my next bonus hits. I've never financed a boat, so I have no idea what terms to expect.
Thanks!
#3
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I dont know what others are seeing, but it def. isnt like it was years ago (even only 5 years). When I was looking a few months ago, the rates were around 8-12% depending on the length of the term. Credit unions that I talked to typically had lower rates but the terms were shorter also (around 6-8 years).
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