hangem out 2dry

iTrader: (1)

I Am In The Process Of Buying A 2001 38 Top Gun And I Am Shopping The Finance Market For The Best Rates.i Am Ready To Do This Deal Asap.

Loan Ranger

Hangem,
Give me a call. Your rate will depend on a number of things including credit score, engine hp, down payment, etc... I am in the office all day on Friday or you can reach me all weekend on my cell. Both numbers are below. Thanks.

bigboat28

What is the going interest rate on 100000 with excellent credit?

KEEP'R WET

I Recently Borrowed $80000.00 On A Baja
I Was Way In Equity On The Loan
Credit Is 700+
180 Months @ 6.99%
Bank Of The West Through A Dealership

Hope That Helps

Boomer35

keeprwet, any money down? what was your payment?

Airpacker

Wow, 180 mnths? Thats a load of interest payments over 15 yrs. What does that end up costing in the long run?

camptappakeg69

Cant think about that, Think about how long your gonna keep it before it gets to small and to slow

buck183

Won't cost much if it's done right.

My last boat I owned 3.5 years. Did a 15 yr on it. Wrote off in excess of 7k in interest and sold it for 2k less than I paid for it.

Didn't really cost much in the long run did it?

Buck

5PMSMWHR

$100,000 at 8% for 15 years

1st 3.5 years of this loan you would,
Make $26k in interest payment
Apply $14K to principal
for a total of $40k in payments
and still owe $86k in principal

Why so many boat owners are majorly flipped and repo guys are smilin'

Ryan8886

True...but the financing market is made on those of us that don't have a gazillion dollars for a boat payment every month.

I'm definately a small fish in a big pond ($35K at 7.5% for 15y) but I'm solid in equity in the boat. My monthly nut doesn't equal the nightly bar tab for some guys out there, but it's what I could afford to get into the sport. An extra principle payment or two a year should keep me in line with or ahead of depreciation and I get to write off the interest. Then again, I wasn't shopping for 100K Top Guns.