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Boat Loan terms

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Old 08-17-2004, 06:39 PM
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sgr
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Default Boat Loan terms

I'm just curious what a typical interest rate is and over how many years?

Thanks,
Steve
 
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Old 08-17-2004, 06:55 PM
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Default Re: Boat Loan terms

http://www.eboatloans.com/rates.php

Interest rate depends on credit rating and a few other factors...Like if you have ever had a long term loan before. One of my friends had a 750 FICO but only had credit cards and car/student loans for credit so the best he got was 7.5% for 15 years on $75k.
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Old 08-17-2004, 07:28 PM
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Default Re: Boat Loan terms

see below

Last edited by Von Bongo; 08-17-2004 at 10:56 PM.
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Old 08-17-2004, 09:13 PM
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Default Re: Boat Loan terms

Essex Credit 5.49% for 12-20yrs over $100k. Over 720 score with resonable D/I ratio.

Email me at [email protected]
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Old 08-17-2004, 10:39 PM
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Default Re: Boat Loan terms

Quote:
Originally Posted by Von Bongo
20 years for 100+ is 6.75..maybe 6.50 with a 720+ Credit score

Your rates are high. I am looking at 5.25-5.50. Not sure what my "score" is but I think it is good
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Old 08-17-2004, 10:52 PM
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Default Re: Boat Loan terms

Quote:
Originally Posted by h2owarrior
Your rates are high. I am looking at 5.25-5.50. Not sure what my "score" is but I think it is good
You're right I double checked and I can see my memory is failing.

$75K-$199K 5.99% -you can take off .25% from the rate for 720+ beacon score

$200K + 5.75% minus the above deductions AND if you are 750+ beacon take off another .25% for the best rate today of 5.25%

Rates good for 180 months up to 100K and over 100 up to 240 months.
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Old 08-17-2004, 11:05 PM
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Default Re: Boat Loan terms

Von Bongo......That sounds more like what I have been told. Sorry we never got to meet......you missed a killer deal man

How's the Cig' treating you ?
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Old 08-17-2004, 11:17 PM
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Default Re: Boat Loan terms

Quote:
Originally Posted by h2owarrior
Von Bongo......That sounds more like what I have been told. Sorry we never got to meet......you missed a killer deal man

How's the Cig' treating you ?
Yea I know Cig is doing well but up for sale, if I wouldn't have come across it here I would have owned Thunder Enlightning.

Looking for a poker runner to drag around the country. With the house here at the lake I haven't used the cabin at all.
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