finance up to 20years? Does anyone do this
 

I have seen 10, 15 years, does anyone do 20 years on 60k-70k

I'm not positive, but I think you can go 20 on anything over 50K.

I would not recommend financing a performance boat for 20 years. At least not without a HUGE down payment. It is not really good for either the bank or the borrower.

The amortization schedule should be consistent with the life of the asset financed. That does not mean that I do not think a performance boat will last 20 years. But the original drive, power, interior ect does usually not last that long.

I know banks doing it around here on boats less than 4 years old. 80% of the boats on the water in my closest local lake are close to 20 years old and out there pounding every weekend. It has to be something you have no desire to get rid of in 2-5 years or you will lose your a$$. I beleive Bb&t was the most recent one I received a long term finance rate from

Like I said, you will want a huge downpayment. Unless you want to keep it for 20 years.

I wouldn't finance a house for 20 years, but if you want to finance a boat for that long, at least make sure you can deduct the interest.

personally if you have to do 20 years on a boat you probably shouldnt be buying it. Its a boat. 10 years from now it will be worth half of what you bought it for. This makes no sense

Ive always felt that 10 years should be the max term for a boat loan. Too much maintenance cost down the road and you want it paid off before you have to bite that bullet. I agree that if you have to look at 20 yr finanancing you probably cant really afford the boat (or the maintenance).
I like my toys paid off!!

good call thanks

Hit the nail on the head, you'll pay over double for the boat if you finance a boat for twenty years, wait a while and save up, it'll be tons better in the long run.