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interest rates on new and used boats

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Old 12-29-2002, 09:21 AM
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Default interest rates on new and used boats

alright, who has been shopping around, what are the deals on interest rates right now, when I bought my boat a couple years ago they were a lot higher than now, what are you seeing out there
Mark
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Old 12-29-2002, 09:42 AM
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I seem to remember rates at the Fall Boat show going for 6% on new boats. I was looking for used and locked in at 6.75 through Essex Credit, then the boat I was after fell through. I ended up buying a used '98 at Thanksgiving and the dealer got me 6.25.
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Old 12-29-2002, 09:45 AM
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That sounds like a great deal on a used boat Steve, good credit is the key to low interest rates!!!!
anyone else?
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Old 12-29-2002, 09:53 AM
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Default Re: interest rates on new and used boats

Quote:
Originally posted by H2Xmark
alright, who has been shopping around, what are the deals on interest rates right now, when I bought my boat a couple years ago they were a lot higher than now, what are you seeing out there
Mark
Try Intercoastal Financial (www.boatloans.net). I have used them twice. For me, they were much easier to work with than Essex.
 
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Old 12-29-2002, 09:57 AM
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I have tried them all, We went with Bank of America 15yrs at 5.9%
Good Luck
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