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-   -   Current boat rates. (https://www.offshoreonly.com/forums/insurance-finance/166853-current-boat-rates.html)

jeff1000man 08-22-2007 12:48 PM

Current boat rates.
 
What is buy rate on 20 month financing, over 100g's, A paper, 2003 model boat. 20-30% back of value because of downstroke.

Are these rates published publically like mortgage rates?

Looking for ball park , +- .25%

Loan Ranger 08-22-2007 01:04 PM

What engines the boat has also makes a difference but you can figure 6.99 - 7.25% if everything is good. Give me a call if you have any specific questions. Thanks,
Kyle

CAP071 08-22-2007 03:37 PM

Ranger what kind of rates on a 2002 50K boat / 10K down /loan on 40K what kind of rate and how many years?

Loan Ranger 08-22-2007 03:49 PM

For $40,000 you can go as long as 15 years and the rate will be around 7.99% depending on credit score, engine hp, etc... You can figure $9.55 for every $1000 you finance.

bowtye8 08-23-2007 05:40 AM

Any 20 yr rate out there now at 7% with great credit. best I have been offered is 7.25. Loan 80-100K
Also is there a way to redo the loans if say I find a rate in a yr at 6.5 or ?????

Thanks

Loan Ranger 08-23-2007 07:34 AM


Originally Posted by bowtye8 (Post 2244898)
Any 20 yr rate out there now at 7% with great credit. best I have been offered is 7.25. Loan 80-100K
Also is there a way to redo the loans if say I find a rate in a yr at 6.5 or ?????

Thanks

For that loan amount 7.25% is a good rate. And yes, if rates drop to 6.5%, it would be very easy to refinance your existing loan. We did hundreds of refinances over the last several years when rates were dropping.


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