low_psi

There are very little to none bank lenders that will give a $10k loan on a boat that old....

powerqrudy

Yea Griff, I can take it out of my savings but would rather not..

Thanks for the input.

Steve

Griff

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.

altamate

Why would anyone want to pay 10% interest. It may only be on $10,000, but still that's way to high.

powerqrudy

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