Boat Financing??
 

I was wondering who is reputable for financing power boats? Like to deal with someone who is knowlegeable and can offer good rates and terms.(imagine that). I saw this in a thread earlier but my search isn't working so I'm asking again. Thanks in advance.
PM

Re: Boat Financing??
 

dave p essex credit 732-674-2946

Re: Boat Financing??
 

Berns29--
Thanks. I just got my search to work and DaveP is all over it!! I will give him a call.

Re: Boat Financing??
 

I would be happy to quote you a rate. I've been doing marine finance for 13 years and am a performance boater myself.
866-639-2627 x46 or [email protected]
I would also be happy to quote you a rate for an extended warranty if your boat qualifies.
Thanks

Re: Boat Financing??
 

Thanks LR.
Appreciate it.

Re: Boat Financing??
 

just takes 2 stops....
First stop at the local gun shop, second stop at the local bank. :cool: :eek:

Re: Boat Financing??
 

Melanie Jolles at Beacon Marine Credit
Awesome people to work with!
866-523-2266.

Re: Boat Financing??
 

Where are the rate now with pretty good credit scores?

Re: Boat Financing??
 

Call Von at Lake Cumberland Marine. She will hook you up.
606-677-0939

Re: Boat Financing??
 

:rolleyes: :rolleyes: :rolleyes: I think Sky Bank, or Second National Bank, in Youngstown OH. They probably have been alittle slow in the marine business. Never mind you did say reputable didnt you!!!

Re: Boat Financing??
 

Thanks for all the input guys. I love this websight! So much information passed on to fellow boaters.

Re: Boat Financing??
 

Dave P @ essex credit seems to be the favorite around here. :D

Re: Boat Financing??
 

with a score over 700 I got 5.62, for 20 years. It makes an expensive boat affordable:D the whole team at beacon was awesome, even through closing. everything was followed up on to the last letter. Even got a card in the mail a few days ago from them thanking me for my business.

Re: Boat Financing??
 

DAVE P be the MAN , done rite and fast

Re: Boat Financing??
 

Just got 5.5% on a used boat loan
Intercoastal Financial Group
Gerald Kratz 1-800-916-0065

Re: Boat Financing??
 

If anybody is thinking of buying a boat in the near future it may be smart to submit an application and get your rate locked in. My lenders offer rate locks of between 30 and 60 days and with five major lenders raising rates 1/2 point this week, the others that have not yet raised will not be far behind. [email protected]

Re: Boat Financing??
 

Do a search here on OSO for a lot of information.

I hightly recommend Robin Harris at Harris Marine Financing.
www.thedonedeal.com

She is fantastic.

Re: Boat Financing??
 

What year and what % down did you use to get the terms?

Finman

Re: Boat Financing??
 

Typically under $100,000 banks will finance 90% of the purchase price and tax. Over $100,000 some banks require 15% and others 20%.

Re: Boat Financing??
 

It was a 00 Tiger, and they did the full amount no Doc as I'm self employed, had an answer in less than an hour and was closed in 7-10 days. It's all based on your score and your ratios, if its all in line, and you have a score mid 700's you should get a great rate.

Re: Boat Financing??
 

I was just curious what terms would be for a 1996 year boat around $50000 to be financed.

Thanks,

Re: Boat Financing??
 

that I couldnt tell ya, give her a call at the 800 number I posted, it will only cost your time, ask for Melanie and tell her Rob told ya to call. She will tell you todays rates and what plans they have :)...rob

Re: Boat Financing??
 

I have a 1997 Powerplay, the rate is 5.99% (purchase price was $65K)
I know everyone, Trader1 bought my boat from the original owner for $50K, I paid $65K, but it surveyed for $90K.....so it's all good!!