Question about financing......
05-23-2007 | 04:39 PM
#11
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I bought a 1991 23' powerquest for 22K (only 100 hrs) in July 2003. We went through our credit union for full amount. NADA valued the boat at 16ish then. But it was spotless and for the money we could find nothing nicer. Anyrate 15 years and 5.75% fixed.
We are currently looking to upgrade to a 34'. So I called the Credit union last week and they said boats are going 6.5% on 25K.
I guess I've heard Credit Unions play by different rules.
Loan Ranger - I mean no disrespect or trying to steer anyone a different direction. I was thinking out loud and sharing my experience. In fact I am sure I'll be in touch this year as I'll be shopping - I Hope
We are currently looking to upgrade to a 34'. So I called the Credit union last week and they said boats are going 6.5% on 25K.
I guess I've heard Credit Unions play by different rules.
Loan Ranger - I mean no disrespect or trying to steer anyone a different direction. I was thinking out loud and sharing my experience. In fact I am sure I'll be in touch this year as I'll be shopping - I Hope
05-23-2007 | 06:24 PM
#12
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Joined: Dec 2001
Posts: 4,753
Likes: 46
From: Siloam Springs, Ar.
Good credit will get you further than you think.
Buck
05-24-2007 | 12:58 PM
#13
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Joined: May 2007
Posts: 295
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From: Boyne/Charlevoix , MI
Vyper 340,
I was down in the Powerquest section. and you said you had a 340, It sounded really nice. Where might I see some pics on it?
Is the other one in classifieds?
I was looking in the 75k range. which there is a 2000 with 380 hours and about an hour or 2 away from me, But it has Volvos in it. - Not thinking so much about it.
From the boad here, I understand 1999 & older Vypers have a tad bit slower hull. So I'ld love to find a 2000 or 2002 with 496 HO's. But I am struggling with 99's w/ 502 Mags for 30K less. Certainly want more than the 7.4's in the 95's
But I am really narrowing my focus on 340 Vypers. I should really be buying a CNC 5 Axis mill instead. but I have not being known to do the smartest things
I was down in the Powerquest section. and you said you had a 340, It sounded really nice. Where might I see some pics on it?
Is the other one in classifieds?
I was looking in the 75k range. which there is a 2000 with 380 hours and about an hour or 2 away from me, But it has Volvos in it. - Not thinking so much about it.
From the boad here, I understand 1999 & older Vypers have a tad bit slower hull. So I'ld love to find a 2000 or 2002 with 496 HO's. But I am struggling with 99's w/ 502 Mags for 30K less. Certainly want more than the 7.4's in the 95's
But I am really narrowing my focus on 340 Vypers. I should really be buying a CNC 5 Axis mill instead. but I have not being known to do the smartest things
05-25-2007 | 11:17 PM
#15
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Joined: Jan 2007
Posts: 6,474
Likes: 358
From: Mansfield, TX
If you want to finance a $18,0000 for 15 years - then you can't afford a boat. Seriously - the maintenance and gas are just as much as the payments. If you can't afford to pay it off in atleast 10 years - then you can't afford gas, maintenance, or insurance.
B-O-A-T - break out another thousand
Just put financing together for $38,000 - they wanted me to do 15 years, but I didn't - so absolutely no problem under $50,000 loans.
When I bought my first boat - it was like $13,200 and they told me I could of financed the whole thing for ten years, with no deposit. So I think for lower amount the 20% deposit is not so much required.
B-O-A-T - break out another thousand
Just put financing together for $38,000 - they wanted me to do 15 years, but I didn't - so absolutely no problem under $50,000 loans.
When I bought my first boat - it was like $13,200 and they told me I could of financed the whole thing for ten years, with no deposit. So I think for lower amount the 20% deposit is not so much required.
05-29-2007 | 11:56 AM
#17
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Joined: Sep 2004
Posts: 172
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From: LOTO 1.5mm grandglaze arm
