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Used Boat Financing

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Old 07-22-2003, 12:59 PM
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Default Used Boat Financing

Who do most of you finance your boats through?

My current boat is through Bank of America but Iím wondering if there are other financial institutions that specialize in used boats.

What are typical interest rates and required down payments?

Iím at 5.25% on my Baja purchased new. Are used rates higher?
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Old 07-22-2003, 01:08 PM
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I just refinanced my '99 through KeyBank today for 5.75% (15 year)
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Old 07-22-2003, 01:14 PM
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5.25 is a great rate.

That is a-1 bottom line right now for most.
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Old 07-22-2003, 03:21 PM
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key bank is the way to go
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Old 07-22-2003, 04:54 PM
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Best rate in the country that I know of is 4.35% fixed, 75K+, 20 yrs., '99 or newer. Bank of the West. I'm with them now, and hopefully will be again shortly.
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Old 07-22-2003, 04:56 PM
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Any contact info?
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Old 07-22-2003, 04:57 PM
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5.6% on 2001, $60,000 with 10% down. KeyBank very fast and friendly.
 
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Old 07-22-2003, 05:02 PM
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Dunno if they direct lend or not at those rates...4.35% on a deal run through a dealer.
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Old 07-22-2003, 05:13 PM
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Quote:
Originally posted by Rippem
Dunno if they direct lend or not at those rates...4.35% on a deal run through a dealer.
That's a killer rate. Guess I'll do an Internet search to contact them. Will also try Key bank.

I'm spoiled now that I got my truck at 0%. I wish the boat builders could finance like the car guys!
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Old 07-22-2003, 05:22 PM
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Quote:
Originally posted by Rippem
Dunno if they direct lend or not at those rates...4.35% on a deal run through a dealer.
Only if the dealer has bought the rate down, that isn't a broker rate available through Key.
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