No one wants to finance a performance boat
02-28-2013, 07:58 AM
#41
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I agree it takes a little time with Key, but no hassles. Be prepared to submit a 4056T
Just a note for anyone using Key, you can start with online pre-approval but then move to a branch rep. The online reps are basically new hires that are not very smart to say the least
02-28-2013, 09:59 PM
#42
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Not sure, but obviously they wrote a 14 year old boat. He never mentioned anything about an age limit. I started with a representative from an actual branch since they are local here. I just wanted to let people know on here that it is still possible to finance an older HP boat. My rep from the bank was even willing to help the guy I bought my boat from out with his next purchase.
03-01-2013, 07:01 AM
#43
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Not sure, but obviously they wrote a 14 year old boat. He never mentioned anything about an age limit. I started with a representative from an actual branch since they are local here. I just wanted to let people know on here that it is still possible to finance an older HP boat. My rep from the bank was even willing to help the guy I bought my boat from out with his next purchase.
And I agree, if you have the option to use Key Bank they are by far the easiest for performance based boats
05-05-2013, 09:29 PM
#44
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Was going through the same BS, with Scott and Sea Dreams. Scott told me boat couldn't be older than 3 years. SD gave me some horrible rate. I went on USAA and within 15 secs had the approval.l
06-12-2013, 01:41 AM
#45
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Kind of a Funny thread. My Mom always said if you cant pay cash for a Toy then you shouldn't have it. So that being said save your money and Buy what your Cash can Afford. If that's a 18' Bayliner so be it. Don't be a credit Criminal. Lol I know that statement will upset some people but its True.
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06-12-2013, 09:22 AM
#47
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Kind of a Funny thread. My Mom always said if you cant pay cash for a Toy then you shouldn't have it. So that being said save your money and Buy what your Cash can Afford. If that's a 18' Bayliner so be it. Don't be a credit Criminal. Lol I know that statement will upset some people but its True.
FYI just approved at Key Bank, zero down, killer rate and this was on a 2002 model year. If you have good credit, financing is available.
06-12-2013, 09:29 AM
#48
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Key Bank just financed my '96 Formula. They didn't go full sale price and honestly were a total pain in the ass to deal with, but, after exercising some patience I finally closed on the loan yesterday.
They basically went 75% @ 5.74% for 10 years. My credit rating is considered very good.
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They basically went 75% @ 5.74% for 10 years. My credit rating is considered very good.
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06-12-2013, 05:03 PM
#49
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Kind of a Funny thread. My Mom always said if you cant pay cash for a Toy then you shouldn't have it. So that being said save your money and Buy what your Cash can Afford. If that's a 18' Bayliner so be it. Don't be a credit Criminal. Lol I know that statement will upset some people but its True.
Last edited by low_psi; 06-12-2013 at 06:22 PM.
06-12-2013, 05:04 PM
#50
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Did you contact Key Bank through Internet or a local branch? I have my Velocity up for sale, but intend to use the cash out of the sale for someother things, so I hope to finance a larger part of my next boat Sounds like a call to Key Bank may be in order..
