Offshoreonly.com - Help!!!! Financing 89 formula 311 sr1

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- - Help!!!! Financing 89 formula 311 sr1 (https://www.offshoreonly.com/forums/insurance-finance/283758-help-financing-89-formula-311-sr1.html)

soldier4402

10-02-2012 06:48 AM

i wouldnt be buying a boat on a 15 year loan specially an older one makes no sense. My opinion if you have to stretch that far you really can not afford it.

DYVMASTER

10-04-2012 12:33 AM

Quote:

Originally Posted by 86242ls (Post 3786719)

State Farm bank was able to get the job done for me. Great rate, no questions asked, picked up my check within a few hours!!

I was reading through this and was going to say just that..I used State Farm for my 87 Formula only bank I could find that would touch a boat that old

Fenderjack

10-08-2012 05:47 PM

I have tried to use banks several times,found out most of them won't touch a boat over ten years old.Got financing for our 32 fountain thru key bank it was over 10 years old did have to get a survey.Now they won't touch boats. Credit union or cash seems like the only way on a older boat. Just my 2 cents. JOHN SR

s022mag

10-17-2012 01:34 PM

I did a unsecured loan thru usbank for my 88 311 for around the same price your looking. Descent rate, I believe around 5 and 5 year term.

nailit

10-21-2012 07:51 PM

Essex credit was going to do a 95 for me at 6.25.
Cbi must be over 690, 10% down and 12 years

They are sister company to Bank of the West. Licensed for marine and RV loans in all 50!!

Very easy to deal with.. oh, licensed survey and other boat docs required.

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