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Boat loan?

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Old 11-27-2003, 02:28 PM
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Location: New Baltimore , M.I.
My Boats: 1990 26' SCARAB CV (Second One)
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Question Boat loan?

How hard is it to get a loan on an older off-shore boat? I am looking for a first boat, like 24' aero or pantera. My question is, the one's I can afford are from 1978-1988 (thats under $15,000). All I have seen are new interiors and fresh engines, but if blue book is low becouse of year How do I get a loan?? Or does any one have one that need engine work or more?
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Old 11-27-2003, 05:00 PM
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can't you just open a personal line of credit? If it's less then 15 doubt you can actually get a BOAT loan on it.

Put it on a credit card
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Old 11-27-2003, 08:08 PM
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you are probably better off not telling them what you are buyin, and just get a line of credit or home improvement loan or something
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