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Boat Loan

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Old 08-10-2012 | 07:07 PM
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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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Old 08-12-2012 | 01:33 PM
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Yea Griff, I can take it out of my savings but would rather not..

Thanks for the input.

Steve
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Old 08-13-2012 | 01:07 AM
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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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Old 08-13-2012 | 02:32 AM
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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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Old 08-13-2012 | 05:19 AM
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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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