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Boat loan rates....

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Old 01-17-2004, 12:23 PM
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Question Boat loan rates....

With the boat shows coming up I was wondering what kind of percentage rates some of you guys have on your boat loans and what kind of terms....I have called around recently and the best I have come up with was 5% on a 20 year fixed.....or a 4.6% on a 3 year variable....I think the avg. boat buyer keeps his boat for around three years.....Does anyone have any great deals to be had out there???? Lets hear them.....Rich
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Old 01-17-2004, 12:35 PM
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Those are some great rates. We sell direct to Key and the best we have is low 6's
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Old 01-17-2004, 12:42 PM
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Yep....I thought those were fairly reasonable....I think we probably wont see them like this for awhile once the election is over......so the time to make a deal on a new rig is probably in the near future if you are going to do it.....
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Old 01-19-2004, 07:37 AM
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Cmon guys....no one else has any decent rates that they are willing to share???? Help a brotha out....!!
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Old 01-20-2004, 01:47 AM
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If you can get 5% fixed for 20 years-----Get it!!! Thats about as low as I have heard of in the last year.
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Old 01-20-2004, 03:45 AM
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Took 4.59% fixed 20 yr over 100K this last August. Bank of the West. Essex group I believe.
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Old 01-20-2004, 09:01 AM
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Formula ad says 0% in the new Powerboat mag.
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Old 01-20-2004, 10:35 AM
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Quote:
Originally posted by Rippem
Took 4.59% fixed 20 yr over 100K this last August. Bank of the West. Essex group I believe.
Wow....that is a good deal....that 5% on a 20yr loan was an essex quote....I guess they must have gone up a little since then.......great deal.....
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Old 01-20-2004, 11:05 AM
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Thanx....I will look into them......I appreciate it.....I will tell them Jack sent me... Humor....just a little humor....how do you like the new me so far????

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Old 01-20-2004, 11:45 AM
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you were way off base with your remarks on the thread yellowbird...but the past is the past and you are right....we all come here for the love of boating....so lets get on with it....Rich
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