Finance question

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01-23-2008, 04:54 PM

squaz

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Finance question

I was talking to a boat dealer today and she made a statement that finance compaines aren't doing 20 year loans on performance boats(fountains,Pantera).Has anyone else herd this.

01-23-2008, 05:54 PM

Boomer35

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nope, just got one

01-24-2008, 08:10 AM

Loan Ranger

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Quote:

Originally Posted by squaz

I was talking to a boat dealer today and she made a statement that finance compaines aren't doing 20 year loans on performance boats(fountains,Pantera).Has anyone else herd this.

Not true. I have 1 bank that will consider 20 year terms on loan amounts as low as $50,000 for boats with moderate power and a bank that will do 20 year terms for loan amounts $75,000 and above with any power. The dealer was probably just trying to justify a higher rate than what finance companies could offer and did not want you to shop.