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Old 08-22-2007 | 12:48 PM
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Default 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%
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Old 08-22-2007 | 01:04 PM
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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
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Old 08-22-2007 | 03:37 PM
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Ranger what kind of rates on a 2002 50K boat / 10K down /loan on 40K what kind of rate and how many years?
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Old 08-22-2007 | 03:49 PM
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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.
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Old 08-23-2007 | 05:40 AM
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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
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Old 08-23-2007 | 07:34 AM
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Originally Posted by bowtye8
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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