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Marine Finance 101 - What is a boat loan?

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Old 01-25-2005, 01:40 AM
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Default Re: Marine Finance 101 - What is a boat loan?

An example: I just financed a 30 Shadow Cat that is a 1990 (not in NADA Book since 1986 and they only built one boat that year).

My customer told me that no one else could finance it. He had good credit and a rock solid survey. It can be done!
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Old 01-25-2005, 03:27 AM
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Default Re: Marine Finance 101 - What is a boat loan?

Great info,thanks for sharing
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Old 01-25-2005, 06:24 AM
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Default Re: Marine Finance 101 - What is a boat loan?

Thats awesome info Dave, thanks!! I'm lookin at a new one, I will save the contact info for sure...Rob
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Old 01-25-2005, 06:49 AM
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Default Re: Marine Finance 101 - What is a boat loan?

Dave, great info. I didnt realize that much goes into an approval, alot of work. It has really changed since I got out of the F&I business. Jeff
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Old 01-25-2005, 07:02 AM
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Default Re: Marine Finance 101 - What is a boat loan?

Good post Dave!!! That is some good info for people to consider!!
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Old 01-25-2005, 07:18 AM
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Default Re: Marine Finance 101 - What is a boat loan?

Typical Dave! Nice Work
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Old 01-25-2005, 08:08 AM
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Default Re: Marine Finance 101 - What is a boat loan?

Outstanding post, Dave! I think I will frame that one.
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Old 01-25-2005, 08:35 AM
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Default Re: Marine Finance 101 - What is a boat loan?

Thanks again guys.

One more note: If you are very strong in most areas but fall short on liquidity, sometimes banks will over look that and still grant the loan. The above is a general guideline. The above is not written in stone.
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Old 01-25-2005, 08:57 AM
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Default Re: Marine Finance 101 - What is a boat loan?

Dave, Where is the best place to get your credit score? I just got one from from a company that used TransUnion info and their credit score range is from 300-900. I thought 750 was the highest? Thanks, Doug
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Old 01-25-2005, 09:07 AM
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Default Re: Marine Finance 101 - What is a boat loan?

What is the maximum possible credit score?
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