Performance Boat Financing
 

Been looking at financing for an Outerlimits, Bank just bounced back a 20% debt to income ratio requirement, including the boat loan. Another slam on the performance boat industry. Anyone getting loans with the old 40% requirement? And from Who?

Try this guy - he did a great job for me and they are financing!

Jason Fox
Coastal Financial
1157 South Shore Dr.
Holland, MI 49423

p. 616.494.2628

Here is another great guy to try:

Bill Grambo
Great Lakes National
586-773-5533

Thanks
 

I will give them a try.

Any updates Hydro? We are having trouble ourselves.

No luck, just let the boat go. Started looking all over again.

Call Dave Patnaude at Essex

Try Kyle at New Coast Financial (727-741-8150) or Donna Ryan at Essex (713-819-0955). Good luck!

Essex is not good for a cat, I just tried to do a $50k loan on a 2005 eliminator with an ilmore, they value the boat at $50k and will only loan 45k of that at 7.99%. I have a 800 fica and no debt.

I am shopping for a loan

We got our deal financed through Key Bank. We got the terms and cash that we wanted but the rate was not great! It is wicked to get financed right now. Best of luck to you.

just paid off key bank on the Formula. they tell me they dont do boat loans anymore, ???????????????? could be because I am in the peoples republic of Calif.

I heard Key stopped doing boat loans a couple yrs ago after losing their ass, what is wrong with them loaning 45K on a 50K boat? I dont think you'll get 100% financing?