Performance Boat Financing
#1
Thread Starter
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Joined: Apr 2004
Posts: 17
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From: Amite River Diverson Canal
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?
#9
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Joined: Aug 2007
Posts: 276
Likes: 0
From: San Bernardino, Ca.
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
I am shopping for a loan


