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There are very little to none bank lenders that will give a $10k loan on a boat that old....
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Yea Griff, I can take it out of my savings but would rather not..
Thanks for the input. Steve |
Lots of banks offer personal lines of credit with variable interest rates. They are like a Heloc without putting up your house as collateral. The interest rate will probably be around 10%. You just have to pay the interest each month and then pay whatever you want toward the principal.
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Why would anyone want to pay 10% interest. It may only be on $10,000, but still that's way to high.
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What i was thinking was to get a loan for it and use the quarters from my machines to pay it weekly.
My weekly drop off would go into a account then the loan gets taken out on a monthly basis. Have a good Monday guys! Steve |
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