Like Tree0Likes

LOW RATES ON BOAT LOANS AND REFI's

Reply
Old 12-08-2004, 05:46 PM
  #41
Charter Member #71
Charter Member
 
Join Date: Oct 2000
Location: Long Island,N.Y.
Posts: 1,365
Default Re: LOW RATES ON BOAT LOANS AND REFI's

I've purchased three boats in the last four years and my observation is that there are very few and insignificant differences in rates / fees between banks and finance companies...

That being said - the real, meaningful difference is simple....SERVICE AND FOLLOW UP !!

Unequivocally, in my experience, Dave Patnaude rises above the rest and gets the job done quickly, easily and with a smile.
As important, the support and closing staff at ESSEX was fantastic and their friendly, easy to work with attitude provided for a pleasant outcome.
WesSmith is offline  
Reply With Quote
Old 12-08-2004, 05:48 PM
  #42
Registered
 
DaveP's Avatar
 
Join Date: Oct 2000
Location: Toms River, NJ
My Boats: 2004 36 Concept
Posts: 2,740
Default Re: LOW RATES ON BOAT LOANS AND REFI's

Thanks Wes! And you are still going to give me a ride in that Apache this Spring!
DaveP is offline  
Reply With Quote
Old 12-08-2004, 06:38 PM
  #43
Registered
 
RollWithIt's Avatar
 
Join Date: Jun 2003
Location: Pittsburgh
My Boats: 98 Baja 36 Outlaw
Posts: 6,098
Default Re: LOW RATES ON BOAT LOANS AND REFI's

You guys suck. Just throw a little more gas on the "bigger, faster boat itch". Just out of curiosity, what would the monthly payments be on 50K at an average interest rate over 10-15 years. Not sure on the exact score but last time I checked my rating was over 700. Like I said, just curious at this point so dont kill yourself getting the info.
RollWithIt is offline  
Reply With Quote
Old 12-08-2004, 06:39 PM
  #44
T2x
Allergic to Nonsense
Platinum Member
 
T2x's Avatar
 
Join Date: Aug 2001
Location: Granite Quarry, NC
My Boats: 1966 !8' Switzer Wing "Miss Diablo" 1968 Switzer Wing "Dust'n the Wind 2",, 1960 Powercat 15C , 1977 17' Molinari w/Evinrude CCC
Posts: 5,004
Default Re: LOW RATES ON BOAT LOANS AND REFI's

Quote:
Originally Posted by Wes Smith
Unequivocally, in my experience, Dave Patnaude rises above the rest and gets the job done quickly, easily and with a smile.
.
Ain't that the truth..........

Dave P. has encouraged half the people on this board at one time or another, raised a lot of money for various charities and people in need, given boatloads of advice, gone out of his way free of charge to help run the NJPPC, picked up a lot of expenses and bar tabs out of his own pocket, and been a good and trusted friend to many.....long before he had anything to sell on the board.

He gets my vote

Let's see if $30,000 goes for 7%......and $250,000 goes for 4.99.....Then $6.5 Billion should run at about (-17%)..........

I'll take choice number three.... with toast please.

T2x
T2x is offline  
Reply With Quote
Old 12-08-2004, 07:00 PM
  #45
Charter Member #71
Charter Member
 
Join Date: Oct 2000
Location: Long Island,N.Y.
Posts: 1,365
Default Re: LOW RATES ON BOAT LOANS AND REFI's

Quote:
Originally Posted by DaveP
Thanks Wes! And you are still going to give me a ride in that Apache this Spring!


You got it there, big fella !
WesSmith is offline  
Reply With Quote
Old 12-08-2004, 07:16 PM
  #46
Registered
Thread Starter
 
Join Date: Jul 2002
Location: Palm Beach Gardens, FL
My Boats: 78' Garlington Sportfish
Posts: 18
Default Re: LOW RATES ON BOAT LOANS AND REFI's

Hi!
$50k loan would put you at about $393 per month. Want to see something even freakier??
$75k loan would put you at about $500 per month. That's $100!! Want to know the numbers for $100k?!?!?

jodi
moneygirl is offline  
Reply With Quote
Old 12-08-2004, 07:33 PM
  #47
Registered
Thread Starter
 
Join Date: Jul 2002
Location: Palm Beach Gardens, FL
My Boats: 78' Garlington Sportfish
Posts: 18
Default Re: LOW RATES ON BOAT LOANS AND REFI's

Yay!! We gotcha thinking about bigger boats!!
$100k will put you at about $649 per month.
See, you can't AFFORD to not GO BIG!!
moneygirl is offline  
Reply With Quote
Old 12-08-2004, 07:39 PM
  #48
Registered
 
RollWithIt's Avatar
 
Join Date: Jun 2003
Location: Pittsburgh
My Boats: 98 Baja 36 Outlaw
Posts: 6,098
Default Re: LOW RATES ON BOAT LOANS AND REFI's

The 50 - 75 K loans look more doable for me than the 100k. Plenty of good hardware out there in that range. But its good to see what it would go for. Should be the market im lookin in once I get some stuff squared away first.
RollWithIt is offline  
Reply With Quote
Old 02-08-2009, 12:15 PM
  #49
Registered
 
Join Date: Feb 2009
Location: e.h.t n.j.
My Boats: 2008 ACTIVATOR 30'stolen-seized, 2006 390ss Velocity- not stolen
Posts: 62
Default looking to finance new boat

Quote:
Originally Posted by DaveP View Post
We offer the following:
* NO Income Verification Loans up to $250,000 (great for the self employeed)
* NO MONEY DOWN up to $100,000
* 25 & 30yrs terms for $250,000 +++
* And offer 4.99% fixed for 15yrs for as little as $50,000
* And there are quite a few banks offering 5.24% on 20yrs including Essex
looking to purchase new boat, have 15k to put down and can
not find anyone to finance me. need help, i can be reached on
my cell phone just about anytime 609-839-6933. i had a deal to build a 26 redline cat for 110k with 15k down and could not
lock up the financing, gave up on the cat,started looking at v-hulls in the 85k to 90k range and still get no bites. newcoast in
jersey shopped me too bank of america and they declined me.
my credit score is low of 690 high of 725, can you help me? me e-mail is [email protected] get back to me as soon as you can the money is burning a hole in my wifes pocket. if i
do not buy a boat this year she will have me putting in a pool.
either way i get a hole in the water i guess, but the boat is my vice so to speak. thanx tim mcmanus
tamcmanus is offline  
Reply With Quote
Old 02-08-2009, 01:58 PM
  #50
Registered
 
rlj676's Avatar
 
Join Date: Jan 2006
Location: Royal Oak, MI
My Boats: 28 Powerplay - HP500
Posts: 1,820
Default

Quote:
Originally Posted by tamcmanus View Post
looking to purchase new boat, have 15k to put down and can
not find anyone to finance me. need help, i can be reached on
my cell phone just about anytime 609-839-6933. i had a deal to build a 26 redline cat for 110k with 15k down and could not
lock up the financing, gave up on the cat,started looking at v-hulls in the 85k to 90k range and still get no bites. newcoast in
jersey shopped me too bank of america and they declined me.
my credit score is low of 690 high of 725, can you help me? me e-mail is [email protected] get back to me as soon as you can the money is burning a hole in my wifes pocket. if i
do not buy a boat this year she will have me putting in a pool.
either way i get a hole in the water i guess, but the boat is my vice so to speak. thanx tim mcmanus
Uhm, this thread is 5 years old, and I don't think she's around really these days. Try posting something new in the finance section of the board.

Oh, and I thought RPM had financing available? That is a bad ass boat, why not just get an HO package to start wtih, and then add a blower or Raylar package to up the power later if it was too costly overall?
Good luck.

Also, your credit seems OK, is it the income to debt ratio that is killing the deal?
rlj676 is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
26sonic
General Boating Discussion
5
10-01-2004 07:25 PM
impulsive
General Boating Discussion
13
02-06-2004 03:10 PM
Cat-n-Around
General Boating Discussion
0
11-18-2003 07:50 PM
Eric1969
General Boating Discussion
4
04-09-2002 07:37 PM
Horseplay38Cig
General Boating Discussion
11
03-16-2002 04:59 PM



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 03:31 AM.


Copyright 2011 OffShoreOnly. All rights reserved.